Public Investment Management Reference Guide

Public Investment Management Reference Guide

The Public Investment Management (PIM) Reference Guide aims to convey country experiences and good international practices as a basis for decisions on how to address country-specific PIM reform agendas. The country references are drawn largely from previous diagnostics and technical assistance repor...

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Main Authors: Kim, Jay-Hyung, Fallov, Jonas Arp, Groom, Simon
Format: Handbook
Language:English
Published: Washington, DC: World Bank 2020
Subjects:
PUBLIC INVESTMENT
PROJECT MANAGEMENT
PROJECT EVALUATION
PUBLIC PRIVATE PARTNERSHIP
CAPITAL EXPENDITURE
PROJECT MONITORING
PROJECT APPRAISAL
CAPITAL BUDGET
PRIVATE INVESTMENT
PUBLIC INVESTMENT MANAGEMENT
PIM
Online Access:http://documents.worldbank.org/curated/en/548751582775237521/Public-Investment-Management-Reference-Guide
http://hdl.handle.net/10986/33368
id okr-10986-33368
recordtype oai_dc
spelling okr-10986-333682021-04-23T14:05:19Z Public Investment Management Reference Guide Kim, Jay-Hyung Fallov, Jonas Arp Groom, Simon PUBLIC INVESTMENT PROJECT MANAGEMENT PROJECT EVALUATION PUBLIC PRIVATE PARTNERSHIP CAPITAL EXPENDITURE PROJECT MONITORING PROJECT APPRAISAL CAPITAL BUDGET PRIVATE INVESTMENT PUBLIC INVESTMENT MANAGEMENT PIM The Public Investment Management (PIM) Reference Guide aims to convey country experiences and good international practices as a basis for decisions on how to address country-specific PIM reform agendas. The country references are drawn largely from previous diagnostics and technical assistance reports of the World Bank. The application of country diagnostics and assessments has revealed a need to address the following issues when undertaking a country reform in PIM: • Clarification of the definition and scope of public investment and public investment management • Establishment of a sound legal, regulatory and institutional setting for PIM, making sure it is linked to the budget process • Allocation of roles and responsibilities for key players in PIM across government • Strengthening project pre-appraisal, appraisal, and selection/prioritization procedural guidance, and deepening project appraisal methodologies • Integration of strategic planning, project appraisal/selection, and capital budgeting • Management of multiyear capital budget allocations and commitments • Ensuring effective implementation, procurement, and monitoring of projects • Strengthening of asset management and ex post evaluation • Integration of PIM and public-private partnership (PPP) in a unified framework • Rationalization and prioritization of the existing PIM project portfolio • Development of a PIM database and IT in the form of a PIMIS (PIM Information System). The PIM Reference Guide does not seek to provide definitive answers or standard guidance for the common PIM issues facing countries. Nor does it seek to provide a detailed template for replication across countries: this would be impossible given the diversity of country situations. Instead, each chapter of the guide begins with an overview of a specific reform issue, lists approaches and experiences from various countries, and summarizes the references and good practices to be considered in designing country-specific reform actions. 2020-02-25T16:22:20Z 2020-02-25T16:22:20Z 2020-02-26 Handbook http://documents.worldbank.org/curated/en/548751582775237521/Public-Investment-Management-Reference-Guide 978-1-4648-1529-4 http://hdl.handle.net/10986/33368 English International Development in Practice; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PUBLIC INVESTMENT
PROJECT MANAGEMENT
PROJECT EVALUATION
PUBLIC PRIVATE PARTNERSHIP
CAPITAL EXPENDITURE
PROJECT MONITORING
PROJECT APPRAISAL
CAPITAL BUDGET
PRIVATE INVESTMENT
PUBLIC INVESTMENT MANAGEMENT
PIM
spellingShingle PUBLIC INVESTMENT
PROJECT MANAGEMENT
PROJECT EVALUATION
PUBLIC PRIVATE PARTNERSHIP
CAPITAL EXPENDITURE
PROJECT MONITORING
PROJECT APPRAISAL
CAPITAL BUDGET
PRIVATE INVESTMENT
PUBLIC INVESTMENT MANAGEMENT
PIM
Kim, Jay-Hyung
Fallov, Jonas Arp
Groom, Simon
Public Investment Management Reference Guide
relation International Development in Practice;
description The Public Investment Management (PIM) Reference Guide aims to convey country experiences and good international practices as a basis for decisions on how to address country-specific PIM reform agendas. The country references are drawn largely from previous diagnostics and technical assistance reports of the World Bank. The application of country diagnostics and assessments has revealed a need to address the following issues when undertaking a country reform in PIM: • Clarification of the definition and scope of public investment and public investment management • Establishment of a sound legal, regulatory and institutional setting for PIM, making sure it is linked to the budget process • Allocation of roles and responsibilities for key players in PIM across government • Strengthening project pre-appraisal, appraisal, and selection/prioritization procedural guidance, and deepening project appraisal methodologies • Integration of strategic planning, project appraisal/selection, and capital budgeting • Management of multiyear capital budget allocations and commitments • Ensuring effective implementation, procurement, and monitoring of projects • Strengthening of asset management and ex post evaluation • Integration of PIM and public-private partnership (PPP) in a unified framework • Rationalization and prioritization of the existing PIM project portfolio • Development of a PIM database and IT in the form of a PIMIS (PIM Information System). The PIM Reference Guide does not seek to provide definitive answers or standard guidance for the common PIM issues facing countries. Nor does it seek to provide a detailed template for replication across countries: this would be impossible given the diversity of country situations. Instead, each chapter of the guide begins with an overview of a specific reform issue, lists approaches and experiences from various countries, and summarizes the references and good practices to be considered in designing country-specific reform actions.
format Handbook
author Kim, Jay-Hyung
Fallov, Jonas Arp
Groom, Simon
author_facet Kim, Jay-Hyung
Fallov, Jonas Arp
Groom, Simon
author_sort Kim, Jay-Hyung
title Public Investment Management Reference Guide
title_short Public Investment Management Reference Guide
title_full Public Investment Management Reference Guide
title_fullStr Public Investment Management Reference Guide
title_full_unstemmed Public Investment Management Reference Guide
title_sort public investment management reference guide
publisher Washington, DC: World Bank
publishDate 2020
url http://documents.worldbank.org/curated/en/548751582775237521/Public-Investment-Management-Reference-Guide
http://hdl.handle.net/10986/33368
_version_ 1764478563974643712

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