Title: Project management and financial monitoring in public sector: an information support system

Authors: Michaela Kastanoulia, Fotios Petropoulos, Akrivi Litsa, Mike Nikitas, Elli Pagourtzi, Vassilios Assimakopoulos

Addresses: Forecasting and Strategy Unit, School of Electrical and Computer Engineering, National Technical University of Athens, 9 Iroon Polytechniou Str., Zoghrafou Athens 15780, Greece. ' Forecasting and Strategy Unit, School of Electrical and Computer Engineering, National Technical University of Athens, 9 Iroon Polytechniou Str., Zoghrafou Athens 15780, Greece. ' Forecasting and Strategy Unit, School of Electrical and Computer Engineering, National Technical University of Athens, 9 Iroon Polytechniou Str., Zoghrafou Athens 15780, Greece. ' Forecasting and Strategy Unit, School of Electrical and Computer Engineering, National Technical University of Athens, 9 Iroon Polytechniou Str., Zoghrafou Athens 15780, Greece. ' Forecasting and Strategy Unit, School of Electrical and Computer Engineering, National Technical University of Athens, 9 Iroon Polytechniou Str., Zoghrafou Athens 15780, Greece. ' Forecasting and Strategy Unit, School of Electrical and Computer Engineering, National Technical University of Athens, 9 Iroon Polytechniou Str., Zoghrafou Athens 15780, Greece

Abstract: This research introduces a specialised information support system that was designed and implemented for project management and financial monitoring in public sector of funded projects, under the Greek National Strategic Reference Framework (NSRF). Its goal was to ensure effective data monitoring and controlling for the Ministry of National Defense. The proposed system incorporates electronic finance features in terms of financial monitoring and reporting, resulting in optimised effectiveness and efficiency, through strict management along the project life cycle, and improved financial performance. The system adopts private sector|s management styles and techniques, contributing thus in the process of public sector reengineering.

Keywords: project monitoring; information systems; e-government; e-finance; e-auditing; financial monitoring; public sector reengineering; Greece; electronic government; electronic finance; project management; electronic auditing; data monitoring.

DOI: 10.1504/IJEF.2011.040456

International Journal of Electronic Finance, 2011 Vol.5 No.2, pp.105 - 125

Published online: 30 May 2011 *

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