Discussion Topic: Module 3 Discussion 1 - Monitoring & Evaluation

Monitoring and Evaluation (M&E) Name Institution Course and Code Professor Date Monitoring and Evaluation Importance of M&E Effectiveness Monitoring and evaluating (M&E) the effectiveness of social programs fosters proper utilization of the available resources, ensuring that the target population gets appropriate assistance. Monitoring entails routine and systematic gathering of information to improve how things are done in the future, promote resource accountability, make informed decisions, and foster beneficiary empowerment. In particular, M&E facilitates the assessment of social programs through data collection and analysis to determine whether they meet the established goals and objectives (Okafor, 2021). As such, the effectiveness of M&E is vital in ensuring that social programs meet set goals and that they are well-improved to promote operational efficiency. Difference of M&E to “For-Profit” Initiatives The M&E methodology differs from “for-profit” initiatives in that it emphasizes regular assessment of social programs to identify whether the set objectives are met. On the contrary, the primary purpose of the for-profit initiative is to maximize profits. Specifically, firms rely on the for-profit...