Project Bank

 

Benefits  due to establishment of NPC

a.      Credibility of development project (rigorous planning process and evidence based planning)

b.     Time, cost and quality achieved

c.      Effective management and optimum utilization of valuable resources

d.     Government ownership for the project selected is enhanced

e.      Diverse expertise in one platform for project planning and the sustainable development of Nation

f.      Appropriate and evidence based allocation of the project in private and public sector

g.     Value for money

National project bank management information system is a web based platform developed to facilitate effective functioning of NPB which assists in data capturing, validation, analysis, interpretation and sharing of project information useful for decision making for various stakeholders in project preparation and development.

 

Stage i

Project Identification

To be aligned with overall objectives, strategies and priorities of government’s national development plan. The line ministries are the key players to identify and develop appropriate projects in support of their sectorial objectives aligned with national objectives.

Projects need to be aligned to federal, provincial and local government priorities focused on evidence based problems and the opportunities of national significance.

 

Project concept note should be prepared after pre-feasibility study by internal experts of ministry. NPC may approve, reject or suggest revision.

Project identification phases

a.      Idea generation for addressing development needs

b.     Strategic fit assessment

c.      Preferred option selection

d.     Prefeasibility desk study

e.      Development of PCN

After approval of PCN, NPC coordinates with MOF to allocate budget required for project study and development.

The requirement of feasibility study as a part of project preparation has been specified in various laws and regulation including following:

a.      Financial procedure and fiscal accountability act, 2076

b.     Financial procedure and fiscal accountability regulation, 2077

c.      Budget formulation directives

d.     Multi year contract standard for project, 2076

5 case model is used for project identification

·       Strategic dimension

·       Economic Dimension

·       Commercial dimension

·       Financial dimension

·       Management dimension

Stage 2

Project appraisal

Following the PCN by NPC and its notification to the concerned line ministry, feasibility study is carried out by line ministry to appraise project viability, established through project appraisal process.

The objective are:

a.      To direct resources for best possible use

b.     To explore efficient alternatives

c.      Allows the government to select and prioritize development project

d.     Efficient but allocation

e.      To justify decision in transparent manner

Project appraisal

Prepare feasibility report

Approval (Concerned authority of line ministry approves it)

Prepare DPR (Not mandatory for social projects)

Review by (Internal review, external review), NPC

Project Proposal

 

Feasibility study

·       Technical feasibility, financial feasibility, economic feasibility, implementation institutional assessment, environmental and social assessment, risk assessment.

·       Output----Project feasibility study report with identification of promising alternatives.

DPR of proposed project

Sector assessment, project description, detail project investigation & survey, detailed engineering design, detail cost estimates, phasing of investment, detailed economic and financial analysis, environment and social impact study and management plan, detailed financial plan, risk assessment and risk management plan, detail project schedule, procurement plan, implementation plan.

Output --------------DPR

 

Development of Project Proposal

Based on National monitoring & evaluation guideline, 2075

Output----------------Project proposal form

 

Stage 3

Project selection and prioritization

Basis for prioritization

General Criteria	Sectorial Criteria
Inclusive economic growth	Contribution to achievement of sectorial target and objectives
SDG
Participation
Gender
Project Readiness

 

steps

1.     Adopt the existing prioritization criteria with additional criteria for PRA.

(MTEF, project readiness assessment (PRA))

2.     Submit project prioritization score sheet of PRA to NPC

3.     Develop project ranking matrix (High, medium, low)

4.     Rank projects

5.     Allocate budget in MTEF

Project readiness assessment (criteria)

a.      Completion of feasibility study and DPR

b.     Development of a logical/result framework

c.      Fund for project

d.     Completion of legal process of land acquisition

e.      EIA

f.      Finalization of implementation plan

g.     Development of monitoring and Evaluation (M&E) plan

 

Project re-prioritization