Monitoring and Evaluation
OVERVIEW
Stonehill intelligence and marketing limited, focus on providing total delivery on every solution offered with the goal of expounding to the needs of the clients. Committed to delivering excellent performance, our dedicated and highly skilled team makes efficient use of data and analytical insights for decision making & solutions.
We enable you to track and monitor progress, and document efficiency and effectiveness.
Stonehill Intelligence and Marketing Limited provide efficient evaluation solutions and proactive, ethical, creative approaches to ensure positive and meaningful change.
At Stonehill Intelligence and Marketing Limited, we provide our clients with all round evaluation solutions to enable them to determine the return on investment, quality, and productivity of their organizational undertakings, activities, plans and strategies.
OUR SERVICES
Monitoring Systems Design: Our engagement involves the identification of specific measures and activities, and the design of effective monitoring frameworks that enables one to capture the necessary quantitative and qualitative data elements to assess the extent to which intended aims, goals, objectives, and outcomes are being achieved.
Data Collection and Analysis: Surveys, interviews, focus groups and quantitative data are used by my team members to gather, process, and analyze the data.
Performance Measurement: In this identification process, we help organizations gain precision in setting definitive performance objectives and parameters for their activities and ventures.
Impact Assessment: We carry out elaborate impact assessments in order to get an understanding of the extent of realization of the original programmatic or interventionary goals in line with the social transformation processes.
Process Evaluation: Looking at the feasibility we assess the efficiency of the strategies to be implemented when looking at the effectiveness of the strategies, we assess the impact of the strategies to be implemented.
Stakeholder Engagement: The input from the various stakeholders can be sought through interviews, surveys, and focus group discussions as ways of getting their views included in the evaluation process.
Reporting and Communication: Some of the important things we do are preparing simple, direct, and practical reports and presentation that presents findings and recommendations for every evaluation conducted.
Capacity Building: We provide monitoring and evaluation training and capacity development to enhance the organizational learning and adaptation systems.
METHODOLOGY
Needs Assessment and Planning:
Engage in a participatory identification of consensus on the principles, purpose, goals, aims and major evaluation questions for the M&E activity.
Indicator Development:
Ensure that there is a shared understanding with the client regarding the research project on indicators that are important concerning the evaluation of progress and results.
This involves having to confirm that the set indicators are adopted with the use of the SMART model; Measurable, Achievable, Relevant and Time-bound and should be focused on specific program goals and objectives.
Baseline Data Collection:
Gather account data for assessing initial development as a baseline that can be used to track progression later on.
It is also recommended to obtain baseline data using a mix of quantitative and qualitative data collection techniques – self-administered questionnaires, face to face interviews, focus groups, document review etc.
Monitoring Activities:
Set up a monitoring framework to indicate the frequency, coverage, and methods by which activities, outputs, or intermediate outcomes are being supported and achieved.
Ensure that data is gathered and stored systematically according to set milestones and markers in order to monitor and evaluate the progress in relation to such milestones and markers in order to note new trends or concerns that may arise.
Evaluation Design:
Select an adequate type of evaluation (quantitative, qualitative, formative, or summative) according to the client needs, programs’ nature and further resources.
Define technique for selecting samples, method of data collection, and approach to data analysis to be employed in the evaluation.
Data Collection and Analysis:
Gather data through surveys, interviews, focus groups, and questionnaires for the collection of both quantitative and qualitative variables for maintaining the quality and reliability of the data collected.
Solve statistical problems by employed statistical software to analyze the data, use different qualitative or quantitative approaches to analyze and draw conclusion and recommendations.
Results Dissemination and Utilization:
The evaluation team should also develop simple and straightforward reports that present the results, conclusions and recommendations.
Capacity Building and Sustainability:
Assist to develop its institutional capacity to strengthen M&E systems through training and technical support.
Create long-term contingency plans that would enable the sustainability of diverse M&E processes and systems.
THE IMPORTANCE OF MONITORING AND EVALUATION SERVICES IN TODAY’S COMPETITIVE BUSINESS LANDSCAPE.
Evidence-Based Decision Making: M&E enable companies to make informed decisions and drive value based on facts. This is where information is collected about performance, results and influences reliably and in a standardized form, in order to recognize potential, deficits and potential for optimization.
Optimizing Performance and Efficiency: M&E is a way for businesses to fine tune their operations in order to adjust for the fact that more often experience issues in efficiency, constraints and performance. Through the measurement of the effectiveness of the established indicators assessment of companies can improve organization, facilitate reduction of costs, and increase efficiency.
Measuring Impact and ROI: M&E helps businesses to track the outcomes and ROI of the undertaken activities and strategies, Organizations are concentrated more on the ROI of the processes, Using numbers. the value is created to show the input and output of the interventions and the company can prove the worth to the stakeholders and justify the resources used in the interventions.
Risk Management and Mitigation: They help organizations to effectively manage them in anticipation of risks or challenges that may affect them now or in the future, and emerging opportunities which may be exploited to enhance revenues. In relation to this, performance indicators give organization an insight on how to prevent potential risks by containing them and effectively exploiting opportunities.
Enhancing Accountability and Transparency: M&E comes in handy to account for organizational responsibility. Substantiated progress toward goals and objectives allow establishment of credibility and trust within the firm’s stakeholders.
Driving Continuous Improvement: M&E helps organizations to develop cultures of learning and improvement as it allows organizations to constantly raise the standards and improve in its activities and services that it provides.
Staying Competitive in the Market: M&E allows companies to compete and function properly by giving them ability to cover certain market factor reactions that may occur in specific time. This way businesses are able to notice the market trends and the customers needs to help them identify and benefit from new trends that are emerging within the market.
PAIN POINTS (COMMON CHALLENGES FACED BY BUSINESSES WHO DO NOT PATRONIZE MONITORING AND EVALUATIONS SERVICES.
Lack of Data-Driven Decision Making: When it comes to decision making, especially for monetary investments and other strategic key performance indicators, businesses would not have enough comprised data for their monitoring and evaluation. This leads to some decisions that are usually made based on what one might think is the most appropriate or not having enough knowledge about something and missing on a lot.
Inefficiencies and Waste: These findings suggest that unless there is proper assessment of performance and assessment of the efficiency of various activities, then organizations are likely to experience costs that are wasteful for the operations of organizations. Such gaps over time attract ineffective duties, which may entail recurrent actions, ineffective use of resources, and incidental expenses that may affect the company’s profits in future.
Difficulty Demonstrating Impact: Organizations that fail to monitor and evaluate may struggle to prove the success of strategies implemented in organizational transformation, initiatives pursued and other business activities to the stakeholders. This in turn can be damaging in terms of shareholders, investors, customers, and other stakeholders who look to related evidence indicating that they are receiving a proper return on their investment.
Limited Ability to Adapt and Innovate: Monitoring and Evaluation ought to be done frequently because businesses are in a constantly changing environment that often calls for an alteration in strategies. This can be very disadvantageous in a sense that it may retard centrality in innovations that may be of help to the organization in exploring emerging opportunities in the market.
Risk of Missed Opportunities and Threats: The lack of constant market and customer base monitoring and usually competitor analysis can lead to missed opportunities and threats that might be already lurking around the corner. This can lead to erosion of market share once to competitors, unfair competitive position versus other forms of distribution and uncertainty in the business.
Lack of Accountability and Transparency: Without monitoring and evaluation, the businesses may find themselves in a position where they cannot account for their activities and render an accurate account of the goings on to stakeholders. This can have several negative effects on the business such as loss of trust and confidence of the stakeholders resulting in loss of reputation and reduced stakeholder engagement.
Difficulty Learning and Improving: Organizations could be stifled from learning from their experiences and improvement in the business practices and strategies that they employ. This can mean stability and lack of new projects, ideas, markets, and development.
HOW MONITORING AND EVALUATION SERVICES CAN OVERCOME COMMON BUSINESS CHALLENGES.
Data-Driven Decision Making: WE offer corporations the necessary and helpful data they need to improve their decision making. through proper information gathering and assessment of the results, benchmarks, and effectiveness, the adoption of factual evidence prevails over assumptions and the probability of making the right decision increases.
Efficiency and Optimization: We assist our clients in this aspect by critically analyzing some activities and comparing them with other productive ones to determine potential shortcomings. we help to identify the processed and non-added value activities, and allow organizations to improve performance and productivity.
Impact Demonstration: This gives flexibility for businesses to present returns, outcomes and success rates of their activities to various counterparts. Through such positive goal and impact assessments and performance evaluations, we assist organizations to quantify measured results as the worth and value for investment.
FREQUENTLY ASKED QUESTIONS (FAQS) AND ANSWERS ON MONITORING AND EVALUATION SERVICES.
Assuming monitoring and evaluation is crucial for the success of my organization, is it necessary to ask why?
M&E organizations are in a position to monitor and evaluate their programs and enterprises and make sure they are delivering on the planned and desired goals. It enables organizations come up with right decisions, justify to stakeholders, -find weaknesses, and optimize efficiency of intercessions.
What monitoring and evaluation services can you provide?
Needs assessment, Indicators Development, Data Collection & analysis, Monitoring System Development, Evaluation Design & implementation, Result Dissemination, Capacity building, and Sustainability planning.
How can you improve the quality and reliability of the monitoring and evaluation data collected?
In order to maintain quality and reliability of the M&E data, it is observed that standards and World Bank best practices are followed regarding to data collection, data analysis and data reports. We use reliable data collection instruments, hire skilled data collectors, frequently check data collection instruments for accuracy, and use rigorous analytical methods.
How many months or even years is it likely to take?
It is however important to understand that the total time that is taken to complete a monitoring and evaluation process depends on the extent to which the program is complex, the specific objectives of the evaluation, availability of data and time provided by the client.
What is the expected outcome of engaging in monitoring and evaluation services?
It is crucial to ensure organizational advancement while attaining stakeholder objectives and in turn, enhancing the effectiveness of initiatives implemented.
What could my organization gain from engaging the services of a Monitoring and Evaluation consultant?
M&E provides your organization with Ascertaining the achievement of the program goals and objectives, program capacity and vulnerabilities, and examining the cost-effectiveness of the program, asserting and communicating organizational impact to investors, learners, government agencies, and the public, performance improvement and efficiency, and program improvement and prevention of possible risks, and positive attitude towards learning and change.
What makes your monitoring and evaluation services unique among competing forms of service provision?
We offer Monitoring & Evaluation services that is marked with professionalism, integrity and customer satisfaction. Technical experienced professionals coupled with professionalism in serving clients’ needs of each business company.
How will you guarantee that you use the findings from monitoring and evaluation to inform the decision making and also used to enhance program delivery?
We involve stakeholders in our evaluation process, encourage follow up meetings to review findings and make suggestions, and offering assistance in the integration of the identified conclusions. We provide support in the capacity development of our clients to continue tracking, monitoring and evaluating their progress to achieve their program’s goals while establishing organizational learning.
What are your rates for monitoring and evaluation services that you provide?
In as much as our Monitoring and Evaluation services attract a fee, the cost depends on specific factors like the type of evaluation, the degree of specialization, and time required for the convictions. We are able to provide you with very reasonable rates and there are numerous methods of payment available to suit your position and pricing value.
Tell me about my organization and how it can begin engaging your monitoring and evaluation services?
Just visit our website or directly dial our contact numbers and feel free to consult one of our senior advisors to help you design a program for your organization.
Would it be possible for the company to adapt our monitoring and evaluation services to suit your personal preferences?
We make it our responsibility to offer your firm monitoring and evaluation services in accordance to the strengths, weaknesses, goals, and preferences that you hold dearly. If you need a general assessment of a large scale program or specific external monitoring services for a specific program or project, we will seek your input in order to identify your preferences, concerns, and challenges to devise the most suitable strategies to address these needs.
What kinds of assistance do you supply following the monitoring and assessment process?
Evaluation services are not only conducted but also followed up continuously to enable clients to implement the change recommendations as advised and supported by the evaluation. A snapshot of such activities may be conducting periodic check-up visits on our clients, staff development sessions, and providing technical support to help clients continue to receive value for their money and see continuous enhancement in their program’s and other initiatives they may undertake.
How can legitimacy and credibility be achieved and maintained in the approach to the monitoring and evaluation processes particularly in cultural and social settings?
Monitoring and evaluation must also be carried out in a manner that is both methodologically sound, culturally and socially responsible.
Contact Us
Call-to-action to contact for a consultation
Tel: (+234) 802 320 0801, (+234) 807 576 5799
E-Mail: info@stonehillresearch.com.com
Office Address: 5, Ishola Bello Close, Off Iyalla Street, Alausa, Ikeja, Lagos, Nigeria
Contact form for inquiries
Website: www.stonehillintelligenceandmarketinglimited.