Project Performance Management System

Project Performance Management System (PPMS) covers all the stages of the Project Cycle from Project Preparation to Project Implementation and Project Completion.

Project Performance Management System (PPMS) tracks project processes on a continuous basis so that it could provide early warnings on achievement of results.

Project Performance Management System (PPMS) expected to provide timely information to the project for mid-course correction if required. Project Monitoring is concerned with inputs, processes and outputs to ensure that the project is on track.

The PPMS is ADB's version of a Results Based Management System (RBMS). It has 5 components:

• Project Design & Monitoring Framework (DMF), which specifies performance targets and indicators ex ante, along with assumptions and risks - this provides a common basis for all subsequent evaluation;
• Project Performance Report (PPR), which is a system for reporting on project progress and the likelihood of achieving development objectives - it generates a project performance rating for implementation progress and development objectives, and it incorporates an early warning system to identify potential problem projects;
• Project Completion Report (PCR), which details achievements against project framework (PF) targets;
• Project Performance Audit (postevaluation) Report (PPAR), which also evaluates achievements against project framework (PF) targets, but some years later; and
• Executing Agency (EA) monitoring and evaluation during project implementation and afterwards.