Reference no: EM132135327
Assignment: Course Project: Develop a Financial Plan (Part 3/3)
Part 3: Collaboration and Implementation
This week's assignment is the third part of a three-part Course Project which requires you to develop a financial plan for a department within an institution of higher education. 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.
Consider the process of planning and collaboration needed to implement your department's initiatives, and consider the impact of your department's new operations on other departments.
Continue using the Word template you saved from the previous 2 weeks to complete the Course Project. Complete "Part 3: Collaboration and Implementation" this week.
Assignment length: 3 pages
Assignment below
PART 3: Collaboration and Implementation
Examine the process of planning and collaboration needed to implement your department's initiatives, and assess the impact of your department's new operations on other departments.
Collaboration:
Describe how you will need to collaborate and consult with colleagues within and across departments.
What kind of strategic partnerships will you develop to ensure a more competitive and financially sound department? What resources and support would you seek from these partnerships?
Planning
Briefly describe the strategies anticipated for implementing your department's proposals, considering the budget cycle, factors that affect the budget process, and the structure of financial management.
What are some challenges and opportunities in the process of planning and management?
What options exist within the department and institution if you are faced with unanticipated and unbudgeted major expense?
Impact on other departments:
Describe the potential impact of your department's proposals on other programs, departments, faculty, and staff. Describe your plan to address any anticipated impact.