Trends in the Development of Machinery and Associated Technology ” TMT 2012 , Dubai , UAE , 10-12 September 2012 MANAGEMENT OF MONITORING AND EVALUATION ž OF LOCAL DEVELOPMENT
This paper presents the results of the research of current management practice for monitoring and evaluation of local development strategy. We started from the analysis of the situation in local government units of Bosnia and Herzegovina and we focused on the application of modern scientific methods of strategic management. The aim of this research was based to create management methodology which implementation will improve management process of local development. The results show that the application of appropriate methodologies at the stages of planning, design and implementation, using qualitative and quantitative criteria of efficiency and effectiveness could enhance the strategic planning process, which will result in increased levels of efficacy parameters.