RESOURCE ALLOCATION AND IMPLEMENTATION OF DONOR FUNDED PROJECTS IN VIETNAM
Abstract
Purpose of the study: The study sought to examine the relationship between resource allocation and the implementation of donor-funded projects in Vietnam. One of the essential aspects of effective project implementation is resource allocation.
Methodology: The study was literature-based and findings from the previous studies were used to make the conclusions of the current study.
Findings: Based on the reviewed literature, it was found that resource allocation positively affects the implementation of donor-funded projects in Vietnam. Resource allocation is assigning the best available resources to tasks and projects. Resource allocation manages workloads to ensure under or overutilization does not happen during project implementations. Financial resources, monitoring and evaluation, stakeholder participation, and communication influence the effectiveness of donor-funded programs.
Conclusion: The study concluded that resource allocation had a significant impact on project implementation. Resource allocation is key for project management since it allows managers to plan and make the needed adjustments for project implementation or to achieve specific goals. Assigning the appropriate resources to the appropriate projects increases the success of the projects. Resource allocation is a plan developed to make the most of the available resources at the disposal of a project. The success of a project can only be achieved if the resource allocation is maintained sufficiently.
Recommendations: The study recommended that managers of a project should be familiar with the expertise of the available resources as part of the process. Suitable financing structures with proper record-keeping on resource control to implement a project are critical. There should also be proper financial plans to govern project funds by accounting for cash spent on projects and keeping records on how capital invested in projects is managed. In addition, there is a need for a regular audit to ensure the resources are efficiently allocated.
Keywords: Resource allocation, project implementation, donor funded projects, Vietnam
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