The Role of Monitoring and Evaluation and Project Implementation Management System for Non-Profit Project Performance in Developing Countries

Ovcina Adnan () and Arslanagic-Kalajdzic Maja ()
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Ovcina Adnan: University of Sarajevo PhD, Candidate, Junior Expert for ROM Review Missions, (DG Enlargement region), Integration International Management Consultants, GmbH, Address: Zagrebačka 67, 71000 Sarajevo, Country: Bosnia and Herzegovina
Arslanagic-Kalajdzic Maja: PhD, Full Professor, University of Sarajevo – School of Economics and Business, Bosnia and Herzegovina

South East European Journal of Economics and Business, 2024, vol. 19, issue 1, 63-76

Abstract: This study examines the relationship between monitoring and evaluation (M&E), project implementation management system (PIMS) for financial monitoring, and project performance within the framework of the resource-based view (RBV), dynamic capabilities, and knowledge management theory. It focuses on non-profit projects in a developing context, particularly in countries such as Bosnia and Herzegovina (BiH). Developmental assistance and non-profit projects have an important role to play in the economic performance of developing countries. The research highlights the significance of understanding factors influencing project performance in non-profit projects in developing countries such as BiH. The findings indicate that both M&E and PIMS for financial monitoring significantly influence three key knowledge management processes - knowledge internalization, knowledge accumulation, and knowledge transfer and integration, which in turn positively influence project performance. The study underscores the importance of synergy between M&E, PIMS, and knowledge management for enhancing project performance, offering valuable insights for policymakers, donors, the international community, and academia.

Keywords: Monitoring & Evaluation; Project Implementation Management System; Knowledge Management; Resource Based View; Dynamic Capabilities; Structural Equation Modeling (search for similar items in EconPapers)
JEL-codes: D83 H43 L31 M42 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:seejeb:v:19:y:2024:i:1:p:63-76:n:1005

DOI: 10.2478/jeb-2024-0005

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