Strategic resource investment methodology for developing countries

John V. Farr and Kenneth W. McDonald

International Journal of Diplomacy and Economy, 2013, vol. 1, issue 3/4, 329-348

Abstract: In order to responsibly manage and direct aid in developing countries, we need methods, processes, and quantitative analytical tools to determine where to invest scarce resources, what are the capabilities gaps, and the effectiveness of certain types of investments in closing the gaps. The methodology presented herein partially addresses this systemic issue. Specifically, this paper introduces the strategic resource investment methodology (SRIM) for this purpose. This five step process includes an establish context, problem definition and conduct the needs assessment/stakeholder requirements, solution design, decision-making, and implementation and monitoring phases iterative systems process. The SRIM is the first step by the nation reconstruction and capacity development community (NR/CD) in developing a systems process to document the cradle to grave life cycle approach for NR/CD.

Keywords: nation reconstruction; systems process; life cycle approach; resource allocation; capacity development; multiobjective decision analysis; investment strategy; developing countries; aid management; needs assessment; stakeholder requirements. (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=57021 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijdipe:v:1:y:2013:i:3/4:p:329-348

Access Statistics for this article

More articles in International Journal of Diplomacy and Economy from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().