Introduction
The origins of RTA
Real Time Audit for Projects is the result of an evolution in the demand for improved systems of project preparation, analysis and management on the part of implementers and donors alike. Following a comprehensive survey of experience in projects supported by development banks, aid donors and private investors, covering some 40 years experience, the Development Intelligence Organization asked Navatec.com to provide technical assistance in the design and implementation of a convenient and cost-effective system. The first prototype will be released in August, 2010. |
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Real Time Audit or RTA is an online system for overseeing all aspects of investment and development projects to provide a transparent assessment of the current status of all associated activities, no matter where they are located. RTA is based on a full project life cycle including the development of an initial concept, the production of a detailed proposal through decision analysis leading to the allocation of resources to a project. Project analyses include technical, economic and financial assessments of viability, ongoing operational questions and the eventual substitution of an ongoing operation at the cycle end. RTA combines a simple and logical procedural record of the planning and commitment of funds. Ongoing analytical procedures provide timely alerts to prevent inappropriate expenditure.
Whereas RTA is an ideal project management tool it is also designed to service the needs of project investors, including aid donor organizations by allowing their agents to "look over the shoulders" of project managers in order to monitor progress. The non-intrusive nature of information accesss to authorised agents means the administrative demands on operations managers are reduced. RTA is a low cost method to monitor progress which reduced the administrative overheads of both implementing organizations and donor agencies.
General layout of activities and resource utilization over a project life cycle
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Real Time Audit Introduction Management benefits Investor benefits State of change Whole enterprise model Sectors Technologies Contact
