PC-V stage is designed to evaluate the long-term outcomes, sustainability, and development effectiveness of completed projects. Impact assessment extends beyond completion verification and focuses on whether intended outcomes and broader socio-economic benefits, as defined at the PC-I stage, have been realized and sustained. The Ministry examines operational performance, service delivery continuity, beneficiary reach, institutional ownership, and asset functionality to determine whether project investments continue to generate value. Financial sustainability, maintenance arrangements, environmental performance, and climate resilience are also assessed to ensure that development gains remain durable and aligned with national priorities.
Through structured post-completion monitoring and, where required, independent evaluation, the Ministry measures long-term economic returns, productivity improvements, and opportunity loss mitigation associated with public investments. Impact assessment findings inform corrective actions, portfolio adjustments, and future project design, strengthening institutional learning and governance effectiveness. By embedding impact assessment within the PC-I to PC-V lifecycle, the Ministry ensures that development interventions are evaluated not only for outputs delivered but for sustained outcomes achieved, reinforcing accountability, transparency, and value for money across the public sector development framework.
The IME policy institutionalizes structured post-completion evaluation through PC-V conducted annually for five years after project completion. PC-V assesses:
Impact assessment identifies lessons learned, institutional strengths, and improvement areas to strengthen long-term value and sustainability of public investments. Independent evaluations may be conducted for major projects to enhance credibility and institutional learning. By institutionalizing post-completion performance tracking, the policy shifts focus from input-output monitoring to sustained impact tracking.