Description: Business Environment and Cost of Doing Business

Business Environment and Cost of Doing Business

The objective of the Pakistan Infrastructure Implementation Capacity Assessment (PIICA) study was to identify and ascertain the extent to which certain complex and dysfunctional business processes in fact contribute to the overall delays caused in...

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Bibliographic Details
Main Authors:	Hussain, Abid Abrar, Mir, Aized H., Durrani, Amer Z., Zaidi, Hasan A.
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNT ACCOUNTANTS ACCOUNTING ACCOUNTING DOCUMENTS ACCOUNTING METHODS ACCOUNTING PRACTICES ACCOUNTING RECORDS ACCOUNTING SYSTEMS ACCOUNTS ACQUISITION ACQUISITIONS ARBITRATION AUDITING AUDITING STANDARDS AUDITORS AUDITS BALANCE SHEET BENEFICIARIES BEST PRACTICES BID BID DOCUMENTS BIDS BILLS BOND BONDS BUSINESS ADMINISTRATION BUSINESS ENTITIES BUSINESS ENTITY BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS BUSINESS GROWTH BUSINESS NEEDS BUSINESS PROCESSES BUSINESS REGISTRATION BUSINESS REGISTRATIONS CAPABILITIES CAPACITY BUILDING CASH BALANCE CASH BALANCES CASH FLOW CASH FLOWS CASH INFLOWS CASH OUTFLOWS CERTIFICATE COLLATERAL COMMUNICATIONS TECHNOLOGY COMPETITIVE BIDDING COMPETITIVENESS CONTRACTORS COST OVERRUNS CREDIBILITY CURRENCY CURRENT LAWS CUSTOMS DEVELOPMENT BANK DEVELOPMENT FINANCE DOCUMENT MANAGEMENT DOMAIN ELECTRICITY ENTRY BARRIERS EQUIPMENT EXCHANGE COMMISSION EXPENDITURE EXPENDITURES EXPORTERS FINANCES GLOBAL ECONOMY GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT REGULATIONS GRAPHICAL REPRESENTATION HOLDING HUMAN RESOURCE HUMAN RESOURCES ICAP ICT IMPLEMENTING AGENCIES INCOME TAX INSPECTION INSTITUTION INSTITUTIONAL CAPACITIES INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRIES INTERFACE INTERFACES INTERNAL AUDIT INTERNAL BUSINESS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL STANDARDS ISLAMIC BANK JOINT VENTURES LEGAL ISSUES LETTER OF CREDIT LEVIES LICENSE LICENSES LIFE INSURANCE LIMITED LIABILITY LOCAL GOVERNMENT MANAGEMENT SOFTWARE MANAGEMENT SYSTEMS MARKETING OPERATING ENVIRONMENT OPPORTUNITY COST OPPORTUNITY COSTS ORGANIZATIONAL SYSTEMS ORIGINAL CONTRACT OVERHEAD OVERHEAD COST PAYROLL PAYROLL RECORDS PC PENSIONS PERFORMANCE BOND PILOT PROJECT PORTFOLIO PRIVATE SECTORS PROCUREMENT PROCUREMENT PROCESSES PROCUREMENTS PROJECT MANAGEMENT PRUDENTIAL REGULATIONS PUBLIC DISCLOSURE QUALITY CONTROL QUALITY OF PRODUCTS QUALITY OF WORK QUALITY STANDARDS R&D REGISTRY REGISTRY SYSTEM REGULATORY AUTHORITY REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY SYSTEM REPORTING REPORTING SYSTEMS RESULT RESULTS RETENTION RETENTIONS RETURNS SALES SECURITIES SETTLEMENT STANDARD CONTRACT STANDARD FORMAT STANDARD FORMATS STANDARDIZATION STATE BANK TAX TAX DEDUCTION TAX INCENTIVES TECHNICAL ASSISTANCE TECHNICAL SKILLS TELECOM TELECOMMUNICATION TELEPHONE TRAINING COURSES TRANSACTION TRANSACTION COSTS TURNOVER VERIFICATION VERIFICATIONS WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/2007/11/9382808/business-environment-cost-doing-business http://hdl.handle.net/10986/19611

Description
Summary:	The objective of the Pakistan Infrastructure Implementation Capacity Assessment (PIICA) study was to identify and ascertain the extent to which certain complex and dysfunctional business processes in fact contribute to the overall delays caused in completion of infrastructure projects. The primary focus was to understand and document the business processes relating to the life cycle of infrastructure projects, especially processes that involve an interface with external agencies. The study was further extended to assess the resultant impact of the delays caused on overall capacity, efficiency, and costs of the project. The study identifies areas that contain business processes and which relative to other processes in the life cycle of a project are disproportionate, or a cause of significant time delays in completion of such projects. Such disproportionate business processes that are unpredictable and vary greatly from the planned time or inputs are areas that can be the focus for selective and further analysis, process re-engineering and recommendations. Such areas can be targeted to improve the overall business and regulatory environment applicable to players and stakeholders relevant to infrastructure projects. The study identifies that corruption in the overall environment exists which over time has become embedded and is accepted as necessary, if a project is to be successfully won and then executed with minimum hindrances from the government. These practices cannot be called business processes but are an integral and unavoidable reality of the current business environment. The PIICA study highlights: (i) the business processes and relative time and effort required at different steps during a project life cycle, under normal or prevailing business environment in the country; (ii) the business processes and relative time and effort required at different steps during a project life cycle, under normal or prevailing business environment in the country; and (iii) the defined and undefined procedures that exist, many of which are not stated in contract documents, neither in project plans nor subjected to risk analysis and risk mitigation at the outset. These appear to render the best of project time lines and budgeted plans as mere estimates.

Business Environment and Cost of Doing Business

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