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FMD Pro certification
The Challenge: Need for increased accountability for financial outcomes
It is widely acknowledged and accepted that financial accountability of development and humanitarian relief organisations is critical to sustaining support for aid funding, especially as aid flows are diversifying to new actors. The non-financial managers who lead an organisation’s field/community-based activities (project managers, technical extension agents and general managers) are critical to improving financial accountability and performance.
Nevertheless, while the need and demand for capacity building in financial management is high, existing alternatives for professional development are fragmented, vary in quality, and are not scalable. As a result, development and relief workers lack accessible, appropriate training; development organisations are unable to manage the career development of their staff, donor agencies struggle to find partner organisations with the capacity to implement projects, and project outcomes suffer from sub-optimal outcomes and impact.
The Solution: FMD Pro: An openly accessible and scalable standard
The Financial Management for the Development Professional (FMD Pro) initiative seeks to improve the impact of development and humanitarian organisations by creating a professional financial management certification for programme and project professionals in the sector. FMD Pro initiative objectives include:
- An FMD Pro certification qualification that is accessible to learners and training providers based on an open-source Creative Commons license;
- At least 5000 people certified in the first three years;
- A global network of FMD Pro training providers leading training events in over 70 countries around the world, including face-to-face workshops and blended on-line learning events. FMD Pro is the second in a series of professional certifications that includes Project Management and will expand to include People Management, Monitoring and Evaluation, and more. Together these certifications comprise the DPro Suite, a credentialed, career development path for professionals working in the sector.
The Project Leadership: diverse expertise and stakeholder engagement
The FMD Pro Advisory Group serves as the Project Lead for FMD Pro and includes:
LINGOs is the facilitator of the Working Group and the project manager for the initiative. LINGOs was the convener and architect of the highly successful PMD Pro certification upon which FMD Pro is modelled which as has already certified 10,000 professionals in over 80 countries.
Mango (Management Accounting for NGOs) is the lead subject matter expert for the FMD Pro and has agreed to share its proven and tested content on financial management which had been used to train over 18,000 NGO professionals globally.
InsideNGO is the liaison between the initiative and the Chief Financial Officer community of over 300 organizations. InsideNGO has over 25 years experience serving the financial and grants management community.
Send us your feedback
What do you think of this initiative? Which financial management skills for programme staff do you think FMD Pro should cover? We'd love to hear your views. Please email Tim Boyes-Watson with your ideas.