Quezon City – The Foreign-Assisted and Special Projects Service (FASPS) conducted a two-day workshop on September 15-16, 2016 to determine the performance and progress of selected foreign-assisted projects (FAPs) as measured in terms of their accomplishment against corresponding physical and financial targets.
Attended by FASPS staff members, project managers, and other senior DENR officials, the workshop basically reviewed and assessed the physical and financial performance of projects to determine the extent of achievement of their target outputs; measured the effectiveness of project structure or implementation arrangements to implement actions on project issues/concern, including backlogs; and determined preliminary results of projects to intended beneficiaries.
The assessment took up concerns affecting project performance and appropriate actions to address constraints affecting project implementation. Moreover, different modalities being employed by the project to achieve success were also discussed.
FASPS Director Edwin G. Domingo reiterated the importance of planning the financial disbursement flow of each project during the project design phase. According to him, the common mistake in the project implementation is putting too much resources to achieve physical targets while having a cavalier attitude toward the disbursement status. He stressed that disbursement is a critical aspect of project financial management as this becomes the basis on which project activities are translated into measurable outputs.
Director Angelito Fontanilla of Finance Monitoring Service (FMS) gave insights into the pressing financial issues relative to FAPs. He called for the implementation of corrective measures for the delays in both physical and financial utilization.
In closing, Undersecretary Jonas Leones explained the direction of the DENR management as it moves toward the adoption of area development as the operational framework and highlighted the importance of linking and integrating FAPs to the implementation and achievement of DENR priority thrusts. #