Promoting Inclusive Markets and Financial Systems
GROOVE Learning Network Brief: 5 Things Every Practitioner Should Know about M&E for Value Chain Projects
The value chain approach requires a rethink of traditional monitoring and evaluation (M&E). On one hand, managers and front line staff require information with greater frequency in order to make decisions and adapt in a complex operating environment. On another hand, the focus of the value chain approach on systemic change places unique demands on evaluators and evaluation designs.
A number of traditional M&E standards do not change in the shift to a value chain approach. But, effective M&E for value chain programming does require improving feedback loops, deconstructing walls between M&E staff and front line staff, an increased focus on measuring sustainability of impacts at multiple levels within a system and new methods for rigorously assessing impact.