Administration and Management Flashcards
Cost-benefit analysis
Estimates the total monetary value, costs and benefits of a project.
Typically used for public projects like highways and other public facilities.
Analysis was conceived by Jules Dupuit in 1848
Cost-effectiveness Analysis
Method for selecting among competing projects when recourses are limited
Net Present Value
Calculates the net monetary value of a project, discounted to today’s present value.
Must know the years of the project’s lifespan, the quantified monetary benefits, the monetary costs and the interest rate.
Goals Achievement Matrix (GAM)
This is a comprehensive way to evaluate a project. Consists of a project evaluation matrix that includes competing projects in rows and the evaluation criteria in columns.
The matrix shows the anticipated attainment of a project’s goals and the assignment of accomplishing a goal to a group
Gantt Chart
Chart that focuses on the sequence of tasks necessary for project completion
Linear Programming
Project management method that attempts to find the optimum design solution for a project. Takes a set of decision variables within constraints and generates an optimum design solution
Program Evaluation and Review Technique (PERT)
Scheduling method that graphically illustrates the interrelationships of project tasks.
Good choice when precise time estimates are not available for project tasks.
Developed my the US Navy in the 1950s
1. ID specific activities and milestones
2. Determine proper sequence of the activities
3. Construct a network diagram
4. Determine the critical path
5. Update the PERT chart as the project progresses
Critical Path Method (CPM)
Project analysis tool that generates a “critical path” through the project tasks. Each task has a know amount of time to complete and can’t be completed before the previous one is completed.
Horizontal or Flat Organization
Few or no levels of management between management and staff level employees. Employees are less supervised and have increased involvement in the decision making process, they have a greater level of responsibility. Decision making is also more streamlined.
Disadvantage is employees can lack a clear sense of directive or job duties.
Vertical or Hierarchical Organization
Resembles a pyramid. Every employee is subordinate to someone else within the organization except the very top level. Employees have a clear sense of leadership and their level of responsibility on each task. Promotional opportunities for employees to move up.
Disadvantage is departments may not communicate well and costs can be higher because there is more management personnel.
Matrix Organization
Encourage interdisciplinary approaches to problem-solving. Can be difficult to manage and ineffective for large organizations. Both vertical and horizontal chains of command may form with fewer formal rules which can cause confusion
Strategic Planning
Used to guide an organization in determining its future.
Sets goals, objectives and policies to reach the objectives.
Short term: 5 or fewer years
Results Oriented Management and Accountability (ROMA)
Launched in 1993- Management practice that incorporates the use of outcomes or results into the administration, management and operation of community action agencies.
Benchmarks
performance data for comparative purposes
Impacts
Direct or indirect effects or consequences of achieving program goals