INTERNATIONAL FINANCE CORPORATION





DESIGN IMPROVEMENT














Prepared for:


International Finance Corporation Headquarters


April 25, 2004







Project # 00-001


April 25, 2004


International Finance Corporation
2121 Pennsylvania Avenue, NW
Washington, DC 20433
USA


Attention : Mr. Bernard Pasquier, CEO


INTERNATIONAL FINANCE CORPORATION


DESIGN IMPROVEMENT


I have completed a 7 week project on IFC’s capability to support an earlier design process. This project was approved on March 12, 2004. In agreement to the original proposal dated March 6, 2004, the project was performed.


This report includes all research, surveys and interviews involved in the project. IFC’s capability to support an earlier design process is based on a series of studies and observations. As a result, I have concluded that they have great capability to support an earlier design process by making a few adjustments to their work system.


Thank you for allowing me to complete this project. I look forward in performing future studies to observe the gradual development and improvement of the company.


Sincerely,








Student





TABLE OF CONTENTS





PAGE


LIST OF ILLUSTRATIONS ……..…………..……………………………........... 1


EXECUTIVE SUMMARY ………………………...……………………………… 4


INTRODUCTION …………………………………………………………………. 5


Project Description ………………………………………………………….. 5


Study Methods …...…………………………………………………………. 5


Report Format …............................................................................................. 5





Article Research and Documentation…………………………….. 6


Analysis for Tests Conducted………………..……………………….…….. 6


Interview with CEO……………...…..……………………………….…….. 6


Survey of Faculty.………………...……..…………………………….…….. 7


Personal Analysis….……………...……..…………………………….…….. 8


conclusion and recommendations………………………………….. 9


Conclusions…..….………………....………………………………….…….. 9


Recommendations.….……………...………………………………….…….. 9


Work citeD……………………………………………………………………. 14


LIST OF ILLUSTRATIONS


Figures


1. Member Locations.….……………...………………………………….…….. 6


2. Survey Results…...….……………...………………………………….…….. 7








APPENDICES





a. CEO Interview Questions…………………………………..………………...…… 10


B. Survey Questions....…………………………………..…………………………… 11


C. IFC History…… ....…………………………………..………………………..….. 12











EXECUTIVE SUMMARY


International Finance Corporation (IFC) promotes economic development in several member countries by providing loans and equity financing for private sector investment. The IFC is part of the World Bank group. The IFC was intrigued when Shaun Bush proposed to investigate the company potential to support early design processes. This study lasted for a period of seven weeks.


Bush conducted a total of two tests in which the company did fairly well. However, some areas were in need of improvement. Under the early design stage, the company needs to improve in areas including: minimizing their requirements, expanding employment and increasing office hours.


Bush suggests that (1) minimizing certain requirements would allow more to be done, with the work quality maintained. (2 & 3) Expanding employment and office hours permits the work to be completed at a faster pace while still being efficient. This will allow for more projects to be accomplished, and it will increase business productivity. With IFC’s supervision and with the use of these guidelines the company will be able to expand to new opportunities.





















INTRODUCTION





Bush conducted a study on IFC’s ability when it came to early design stages. This introduction describes the project, study methods used, and format for this report.


PROJECT DESCRIPTION








In order for IFC to become more efficient and successful as a company, they must upgrade their methods and system procedures every few years. IFC has an overall great system of procedure, but needs to improve in a couple areas if they truly wish to continue to succeed. By making these few changes the company will be able to compete with other companies at its full potential. Parts that were studied within the early design stage included submission of applicant, design criteria specification and requirements.


STUDY METHODS








The purpose of this project was to solve problems within IFC’s early design stage.


The studies and tests made were as follows:


· Company Research


· Interview with CEO


· Survey of faculty


· Personal Analysis


REPORT FORMAT








This report is comprised of three main sections:


1. Article Research and Documentation: an analysis made for all tests conducted.


2. Studies and Tests: evaluation and comparison of faculty and CEO response.



3. Conclusion and Recommendations








ARTICLE RESEARCH AND DOCUMENTATION



The company known as International Finance Corporation (IFC) promotes sustainable private sector investment when developing countries in an effort to reduce poverty. Its headquarters lies in Washington, DC. It was “made in 1956 and is the biggest source for loans and equity financing in private sector projects all around the world(IFC 2004, What We Do).” The company has 176 member countries, which determine its policies and approve all investments made. IFC is led by a group of representatives selected by its member countries. The company’s focal point is to promote economic development by encouraging the growth of productive enterprise and efficient capital markets.


FIGURE 1 Member Locations


“IFC finances projects in all types of industries and sectors, for example: manufacturing, infrastructure, tourism, health and education, and