The up to date system, set for launch subsequent month, will determine potential slippages in order that prices and timelines stay inside accredited limits, folks conscious of the event stated. It can additionally seize undertaking begin and tender award dates in contrast with the board approval date recorded beforehand. Moreover, undertaking completion date shall be derived based mostly on the beginning date.
The On-line Computerised Monitoring System (OCMS) of the ministry of statistics and programme implementation (MoSPI), which facilitates undertaking monitoring by the Prime Minister’s Workplace, cupboard secretariat and authorities think-tank NITI Aayog, tracks central infrastructure tasks price ₹150 crore and above. The OCMS portal releases month-to-month and quarterly stories on the standing of central infrastructure tasks throughout sectors and states. These stories embody particulars on accomplished, added, deleted and ongoing tasks. On the monetary aspect, it offers info on unique and anticipated prices, enabling monitoring of price overruns or extra expenditures.
As a part of the revamp, OCMS will combine with the India Funding Grid (IIG)-Challenge Monitoring Group (PMG) portal by API (software programming interfaces) to make sure single entry of a specific information level and uniformity throughout definitions and calculations.
The hassle shall be intently coordinated with the Division for Promotion of Trade and Inside Commerce (DPIIT) and Division of Financial Affairs (DEA), the supply stated.
