the bank's system for project monitoring, classification, and evaluation of the implementation experience has now been in effect for several years. the purpose of this report (re-247) is to inform the board of executive directors on the status of 3 principal instruments of the bank's project monitoring and evaluation activities (i.e. project performance monitoring review, mid-term evaluation and project completion report). this is part of ove's oversight responsibilities. it presents findings and conclusions reached by ove evaluations of three of the main components of the bank's project supervision system: the project performance monitoring review (ppmr), the mid-term evaluation (mte), and the project completion report (pcr). after a separate review of each of these tools, the findings and data are further analyzed to ascertain how the various components relate to one another and combine into a coherent and useful system.