Step 4.02 , Reporting
The purpose of the Reporting step is to communicate key results (e.g. conservation and socioeconomic benefits), provide updates on planned activities, and/or detail the financial status of the Water Fund. Reporting is a critical step in ensuring that all stakeholders remain engaged and that transparency in the ongoing operations of the Water Fund is maintained.
Key ideas related to reporting are outlined below:
How frequently should reporting occur?Reporting to relevant parties should be conducted at a frequency that is deemed appropriate by the project team and Board of Directors.
What are they key questions that should be answered to define reporting requirements?
At a minimum, defining reporting requirements will seek to address the following questions:
- What stakeholders should receive information on the water fund's key results?
- What are the key results that need to be communicated to those stakeholders?
- Through what means should those results be communicated?
- How often should results be communicated?