Changes to a project budget affecting the outputs, completion date or total estimated project costs require a formal budget revision that is agreed by the signatories of the original project document, and may need the approval of the donor, UN pooled fund steering committee or vertical fund, if relevant. The UNDP programme manager alone may sign the revision provided the other signatories have no objection. This procedure may be applied, for example, when the purpose of the revision is only to re-phase activities among years.
The resources of UNDP that are comingled and untied. These will include voluntary
contributions, contributions from other governmental, intergovernmental or nongovernmental sources and related interest earnings and miscellaneous revenue.
Reporting is an important accountability function. It draws on data and analysis collected through monitoring and communicates updates on results, risks, quality, learning and operational performance to oversight mechanisms, funding partners and other stakeholders. Reporting is a key input to decision-making at all levels as it provides information required to adjust programming to ensure results are achieved. To this end, reports must capture lessons learned on what worked and what didn’t work and explain how data and learning were used to adjust course or inform other interventions.