Good results measurement is a priority for all members of the DCED, as it generates the evidence base to assess the effectiveness of private sector development and feedback into learning and adaptive management. The Results Measurement Working Group (RMWG) was therefore formed in 2008 to identify ways in which the DCED can contribute meaningfully to improving practice on the ground, at scale.
One element emerging in response to this question was to codify good-practice monitoring, using a mixed-methods, theory-based approach (‘the DCED Standard for Results Measurement’), which provides programmes with the framework to monitor their own results according to good practice. The Group supervised the development of the Standard and focused on putting in place an extensive system of support and incentives to enable the implementation of the approach on the ground. Credibility is assured through external audit of the measurement process.
A second element has been to work with members to identify common indicators widely used in private sector development projects, and to short-list and document the application of the most popular ones.
The RMWG also aims to explore other priority themes of members with the view to contribute to the improvement of results measurement (see the current priorities below).
The Working Group is chaired by UK FCDO.
The Group helps to advance DCED members’ broader current learning agenda on PSD, notably through activities in five areas:
