Financial Management Information Systems: 25 Years of World Bank Experience on What Works and What Doesn't by Cem Dener
Since 1984, the World Bank has financed 87 Financial Management Information System (FMIS) projects in 51 countries totaling over US $2.2 billion, of which US $938 million was for FMIS related information and communication technology (ICT) solutions. This study presents the World Bank's experience with these investment operations to share the achievements and challenges observed, and provide guidance for improving the performance of future projects. The report is structured according to four overarching questions:
- What historical patterns emerge from World Bank financed Treasury/FMIS projects? This includes an analysis of project scope, cost, duration, design, objectives, and ICT solutions, among other aspects.
- How have such projects performed according to various criteria?
- What are the key factors that contribute to the success and failure of projects?
- What have we learned that could be useful for future projects?