May 19, 2011Doug Hadden
Doug Hadden, VP Products
There was a late cancellation at the 25th Annual International Consortium on Governmental Financial Management (ICGFM) conference for a presentation on Tuesday. The subject was the recent World Bank publication, Financial Management Information Systems: 25 Years of World Bank Experience on What Works and What Doesn’t. Fortunately, I’d read most of the document. After all, FreeBalance is the premier provider of financial management systems to developing nation governments! So, I was able to summarize the study in PowerPoint and present it without too much editorializing. (I’ll provide my opinions next week).
The World Bank study covers a long period of financial management information systems implementations. Of various sizes. Different scope. Different technology and approaches. Nevertheless, there are some interesting conclusions:
- 82% of projects were completed on budget
- Capacity building is the key factor in the success or failure of FMIS projects
- Per user cost varied significantly across projects
The FMIS study has some particularly useful appendices, in particular, the FMIS checklist and information technology recommendations.
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