lect11b - Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall...

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Unformatted text preview: Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall 2006 slide 1 Lecture 11 BUDGETING OVERVIEW What are the purposes of budgeting systems? What is program budgeting? What can it accomplish? What are the potential pitfalls of instituting such a system? What strategy was used to implement it at the MBTA? What happened? A cautionary tale about organizational change. Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall 2006 slide 2 Lecture 11 Purposes of Budgeting Control Efficiency Resource Allocation/Planning Team-Building Public Education and Accountability Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall 2006 slide 3 Lecture 11 Program Budgeting Program budgeting is a decision-making process that helps an organization consider how different budget options would affect its performance Program budgeting focuses on the efficiency and resource allocation functions of budgeting. It can contribute to control and team-building as well. Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall 2006 slide 4 Lecture 11 Program Budgetings Benefits Compared to conventional incremental budgeting, program budgeting promises:-- more reasoned decisions-- probing of the organizations base budget-- logical connections between budgeting and other key management processes-- improved capacity to explain and defend budget choices-- improved team-building Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall 2006 slide 5 Lecture 11 Program Budgeting in Perspective Mission Statement Goals/Objectives Programs Activities Impacts/Results Strategic Planning Program Building Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall 2006 slide 6 Lecture 11 Program Budgeting Data Demand or Workload-- e.g. number of engine overhauls, staffing needs Inputs, Resources, or Expenditure Objects-- e.g. personnel, materials, equipment Outputs or Products-- e.g., passenger miles of service, buses preventively maintained Outcomes or Impacts-- e.g., single-occupant vehicle trips averted Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall 2006 slide 7 Lecture 11...
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lect11b - Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall...

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