Monitoring the use of capital focuses on the operational side of the organisation’s activities over the period, and seeks to establish if:
- the investment capital has been drawn down
- the use of the investment capital is in accordance with the impact plan (and the planned use of capital if different), and is properly accounted for
- other inputs have been forthcoming as planned, and are being used and accounted for
Evaluation looks to the quality of operations, and seeks to verify that the activities are well-managed, and the organisation is proving it has the capacity, in terms of skills and resources, to carry out its impact plan effectively.