This week’s assignment is the second part of a three-part Course Project which requires you to develop a financial plan for a department within an institution of higher education. Continue using the “Develop a Financial Plan” Word template which you downloaded and saved in Week 4 to complete the Course Project. The Course Project is based on the following scenario:
A new president has been selected to run your university. His first initiative is to impose a new strategic direction that focuses on three key priorities:
· Increasing student engagement
· Integrating information technology into programs and services
· Developing measurable learning outcomes
This has the potential to change a number of operations, priorities, and the allocation of resources in your department.
For Part 2 you will consider how your department should reallocate resources to meet the new initiatives you have identified, how these initiatives should be funded, and how a change in operations should be assessed given the new priorities.
Complete “Part 2: Resource Allocation” and save the document
**I have attached part 1 for review to complete this assignment***
Assignment length: 3 pages
PART 2: Resource Allocation *****ASSIGNMENT BELOW****
Consider how your department should reallocate resources to meet the new initiatives you have identified, how these initiatives should be funded, and how a change in operations should be assessed given the new priorities. Please answer the below questions in paragraph form
How should your department determine genuine needs and priorities?
What you will do with resources should you get a windfall?
What cuts will you make should you have a major budget cut?
Identify two competing priorities. What criteria would you use in assessing priority? How would you ensure equitability and fairness?
How would you creatively find resources and funding or reallocate resources? What new funding sources would you consider, and why?
How would you communicate your priority budget needs persuasively to upper management?
How will you assess your effectiveness as a department given the new priorities? How would you measure success?
How will you evaluate the effectiveness of the department’s proposals?
Part 2: Length: 3 pages
I have attached this assignment in word a document
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more