Evaluation of financial management, policy, procedure and practices of ICDDRB

Abstract

Internship program is actually endorsed as mandatory with a view to familiarize student with the modern corporate world.. As a student of BBA, I had the opportunity to do my internship in finance department of Icddr, b. ICDDR,B is widely known as a nonprofit organization that has contributed in many aspects of Bangladesh by conceding lifesaving solution. Icddr,b is divided into six divisions; Clinical Sciences Division (CSD), Laboratory Sciences Division (LSD), Public Health Sciences Division(PHSD), Health Systems and Infectious Diseases Division, and Executive Director division. Clinical Sciences Division conducts clinical studies of diarrhoeal illnesses, respiratory infections, nutrition, and child development. Laboratory Sciences Division houses a range of laboratories. Public Health Sciences Division provides the infrastructure needed to test vaccines, determine drug resistance in disease-causing organisms, and explore the causes, distribution, control, and consequences of specific problems such as hepatitis E, arsenic contamination, and HIV/AIDS. and tuberculosis. Health Systems and Infectious Diseases Division works to improve healthcare services in developing countries and reduce the impact that infectious diseases have on the poor. The Executive Director’s Division provides support to all the Centre’s scientific divisions, non-scientific and interfaces with the donor community. Information Sciences Division (ISD) ensures that information flows into and out of the Centre efficiently. To run a project Proposal can be made in two ways; restricted and unrestricted. Unrestricted proposal is sent by PI (principal Investigator) and restricted proposal is sent to PI by the donor. After making proposal, proposal is sent to Research Administration (RA). RA makes an agreement and opens a grant number and sends one copy of agreement to finance department and another copy to PI. Finance department opens several budget codes and allocates the task to different units. At present icddr, b is facing a financial crisis. Core donors have decreased their donation over the years. The main reasons are poor performance, internal policy and Global recession. To solve the crisis, new system has been setup and it is expected that these system will reduce the cost and increase efficiency. But it is also perceived that the new system would create some problems like knowledge sharing, communication gap etc. I believe that this system will match the need of time but it requires some adjustment. However, I believe icddr, b is a good choice to do my internship as I am a finance graduate and I worked in the budget and costing unit of finance department of icddr, b. so, I was able to utilize my work with my study and could relate my study with the practical world.