Reducing of Integrated Financial Management Information Systems’ Project Risk: The Case of Turkey

Abstract

Financial management information systems are management information systems that enable public managers to manage decision and control processes based on data and serve o provide transparent information to the public. These systems have been included in financial management reform processes of around 200 countries in the world. Because of their importance, international organizations like the World Bank have supported these reforms. The total cost of projects funded by the World Bank has reached approximately 6.5 billion dollars. During the realization of these projects, failure risks have been observed due to many reasons such as insufficient infrastructure, planning, capacity, leadership or institutional resistance. In this study, it has been attempted to explain the ways and means that help to controll the risks commonly encountered in the World. For this purpose, the findings of Turkey implementation have been used. Thus, examples of good practices that will be helfull for curbing risks for ongoing and incomplete projects throughout the world have been shared. Project manager opinions and satisfaction of users of financial information systems in Turkey have shown that the measures taken by the administration have a positive effect on managing the risks that cause failures.