Lack of The reviews are need based and Lack of systematic ad hoc. There is no formal review ownership for review and process the monitoring No follow up of commitments Project cost Relevant historical information Abnormal estimation not supporting estimates not escalation in properly available justified Improper funds utilization Inadequate No project management tool Time delays in project used, insufficient project project management management expertise practices Lack of proper There is no system of annual maintenance maintenance planning. Systematic planning monitoring of AMCs is also lacking Disruptions in regular activities Purchase policy Detailed policy outlining the type Non availability not clear of purchases, purchase powers of materials at not available the right Lack of accountability in purchase decisions Lack of control There is no proper system of Pilferage of over returnable recording such issues and periodic material reconciliation of material lying with outsiders Lack of Current system is manual and not Poor Inventory inventory foolproof Control management system Cash basis of Accounting is primarily cash Improper funds accounting based. Revenues and expenditure planning are not recognized on due basis. Poor working capital management Lack of well The rationale for budget estimate No variance defined is not clear. There are no standard analysis budgeting budget formats. Bottom up system budgeting with consolidation at different levels is not there.
Lack of systematic review and monitoring The reviews are need based and ad hoc. There is no formal review process Lack of ownership for the No follow up of commitments Project cost estimation not properly justified Relevant historical information supporting estimates not available Abnormal escalation in Improper funds utilization Inadequate project management practices No project management tool used, insufficient project management expertise Time delays in project Lack of proper maintenance planning There is no system of annual maintenance planning. Systematic monitoring of AMCs is also lacking Disruptions in regular activities Purchase policy not clear Detailed policy outlining the type of purchases, purchase powers not available Non availability of materials at the right Lack of accountability in purchase decisions Lack of control over returnable material There is no proper system of recording such issues and periodic reconciliation of material lying with outsiders Pilferage of Lack of inventory management system Current system is manual and not foolproof Poor Inventory Control Cash basis of accounting Accounting is primarily cash based. Revenues and expenditure are not recognized on due basis. Improper funds planning Poor working capital management Lack of well defined budgeting system The rationale for budget estimate is not clear. There are no standard budget formats. Bottom up budgeting with consolidation at different levels is not there. No variance analysis