Program management Flashcards
When reviewing expense, which function of management focus on this?
control
what is the budget type for reviewing financial report?
operating budget
what managerial function forms the structure of authority?
organizing
Operating budget
Purpose: Focuses on major capital expenditures, such as the acquisition of new equipment, facilities, or long-term investments.
Components: Identifies and allocates resources for significant capital projects.
Planning
Involves setting objectives, identifying strategies, and determining the actions needed to achieve organizational goals. Planning provides a roadmap for the organization’s future.
Organizing
Focuses on arranging resources, tasks, and people to implement the plans effectively. Organizing includes creating a structure that facilitates goal attainment.
Leading
Involves guiding, influencing, and motivating individuals or teams to achieve organizational goals. Leadership encompasses communication, motivation, and the facilitation of teamwork.
Controlling
Entails monitoring, evaluating, and adjusting activities to ensure that organizational objectives are met. Controlling involves measuring performance against standards and taking corrective actions when necessary.
Why are goals and objectives important to each stakeholder?
so that duplication of efforts is minimized
- you also need to determine what they need from you
cost-benefit analysis
quantifies tangible and “soft” outcomes into a monetary number
cost-effectiveness analysis
measures program outcomes in similar units across programs (ex. life-years saved) rather than trying to quantify the outcome in dollars
Cost-utility analysis
measures outcomes by using a standardized morbidity or mortality measure, often a metric called a quality-adjusted life-year
