261889
Descrição
Mapa Mental por Shahid Musthafa, atualizado more than 1 year ago
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Criado por Shahid Musthafa
aproximadamente 11 anos atrás
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A: Value for Money
- the performance measurement of a
Non for profit organisations can be
accessed through its achievement of
the Value for money criterion .This can
be achieved by maximizing the three
"E's"
- E
- Economy
- Using the least cost
option to provide a
requirement
- Using the least cost
option to provide a
requirement
- Economy
- E
- Efficiency
- Maximising the
ratio of output to
input
- Maximising the
ratio of output to
input
- Efficiency
- E
- Effectiveness
- The extent to which
objectives are
achieved.
- The extent to which
objectives are
achieved.
- Effectiveness
- E
- Since profit is not available as a performance
measure in a non-profit-making organisation, other
performance measures need to be considered.
- The value for money principle should ensure that the
service is provided for minimum cost, or that the maximum
benefit is achieved by the users of the service for the sum
of money provided to fund the service organisation.
- The value for money principle should ensure that the
service is provided for minimum cost, or that the maximum
benefit is achieved by the users of the service for the sum
of money provided to fund the service organisation.
- CASE 1
- By purchasing a cheap
component for a
system, we may
achieve economy
- by producing an output at
an increased level due to
the reduced cost involved,
we have achieved
efficiency
- but if the quality is poor
then the effectiveness
objective is not achieved.
- but if the quality is poor
then the effectiveness
objective is not achieved.
- by producing an output at
an increased level due to
the reduced cost involved,
we have achieved
efficiency
- By purchasing a cheap
component for a
system, we may
achieve economy
- TESTING EFFECTIVENESS OF
VALUE FOR MONEY
- Comparing the Actual
performance with the non
financial targets and
financial targets
- By conducting surveys and
questionare with the
audience of the services
offered
- Appointing regulators or
experts to monitor
performance
- Comparing the Actual
performance with the non
financial targets and
financial targets
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