Glossary | United Nations Development Programme

Under Parallel Fund Management, each organization independently manages its own funds, whether coming from Regular or Other Resources. This option is likely to be the most effective and efficient when interventions by participating UN organizations are aimed at common results, but with different national, sub-national and/or international partners.

Source: Parallel Fund Management

Partner Risk Rating is defined as the overall Risk Assessment derived from the Micro Assessment risk rating adjusted for other available information including results of the Macro Assessment, past experience with the Partner including results of assurance activities, prior capacity assessments and micro assessments by other Agencies.

Source: Harmonized Approach to Cash Transfers (HACT)

Under Pooled Fund Management, participating UN organizations pool funds together to one UN organization, called the Managing Agent (MA), chosen jointly by the participating UN organizations in consultation with the (sub-) national partner. The MA will support the (sub-) national partner in managing the programme. This option is likely to be the most effective and efficient approach when participating UN organizations work for common results with a common national or sub-national partner (e.g. Department, provincial office, NGO) and/or in a common geographical area.

Source: Pooled Fund Management

The document approved by the Executive Board that describes the framework for UNDP programme activities, and indicates the proposed UNDP resources to achieve results during a specified period. Programme documents are prepared at the country level in cooperation with the Government of that country, as well as at regional and global levels.

Source: UNDP Financial Regulations and Rules

The Project Budget Balance is a report used to monitor and manage budgetary availability for a particular project (and its associated outputs) for a single year. The report shows approved budgets, commitments, and expense plus the full asset cost for a particular project. It shows outstanding NEX advances for current and prior years. It shows budget balances and budget utilization rate of the project. Any user can use this report when monitoring the financial movements of all projects.

Source: Direct Implementation (DIM) Modality

The Project Transaction Detail report is used to provide the lowest level of transactional details supporting commitments, expense, and full cost of asset amounts shown on the project budget balance report. The report shows transactions at the project/, work breakdown structure, tasks /Chart of Accounts(Distribution) level, including invoice/purchase order IDs, vendor ID and name, and line descriptions. Any user who needs to have more detailed information about project transactions can run this report for monitoring the financial movements of all projects.

Source: Direct Implementation (DIM) Modality

UNDP Financial Regulations and Rules document defines 'property, plant and equipment' as tangible assets held for use in the activities of UNDP or for administrative purposes and expected to be used during more than one financial period. The Property, Plant and Equipment (PP&E) policy document provides further details of the term 'property, plant and equipment' as a tangible or physically verifiable item that meets ALL the following five criteria:

a) Provides future economic or service benefits to UNDP – i.e. the PP&E item is held for use in the implementation of UNDP Programmes or for administrative purposes;

b) Is expected to be used during more than one reporting period, which, is 12 months;

c) Has a value of US$5,000 (US$5,000 for UNCDF too) or more (New Capitalization Threshold effective as of 01.01.2020);

d) Is used and controlled by UNDP; and e) Has a cost that can be reliably determined.

Source: UNDP Financial Regulations and Rules, Property, Plant and Equipment

Policy Areas

Programme and Project Management

Crisis Response

Financial Resources Management

Human Resources Management

Procurement

Partnerships

Administrative Services

Accountability

Information and Communications Technology

Security

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