Monitoring and Evaluation Assessing the impacts and monitoring project results are necessary to understand if the programs reach intended beneficiaries, if resources are being spent efficiently, or if the program or project can be better designed to achieve the intended outcomes. Monitoring and evaluation provide direct feedback for policy makers and practitioners to design better and more efficient projects to yield better results. At the design and implementation stages, beneficiaries need to be included in monitoring the results whenever possible.  Basic questions and key considerations in project monitoring and evaluation  Designing Project Monitoring and Evaluation: Example of the Caracas Slum-Upgrading Project Three main factors have led to very poor living conditions in the barrios of the Metropolitan Area of Caracas: (i) lack of adequately defined property rights; (ii) absence of proper mechanisms to resolve the problem of providing local public goods; and (iii) lack of credit to facilitate housing construction. The combination of these factors has led to very poor living conditions in the barrios of the MAC. The project targeted two separate agglomerations of barrios in Caracas. Together these two agglomerations contain 12 distinct barrios and a population of 184,000.  Caracas slum upgrading project indicators
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