Value-Based Enterprise Management in Government 2 Credits
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Public sector organizations at all levels and of all types are facing intense pressure to do more with less. Federal, national, provincial, state, county, municipal, and local governments in almost all the countries in the world are feeling some sort of fiscal squeeze. Pressures on governments around the world are forcing them to adopt “performance management”? – focus on accountability for outputs and outcomes rather than cries for higher inputs (i.e., more budget funding and employees).
Value-based management strongly leverages seamlessly integrated multiple enterprise performance management (EPM) methods such as balanced scorecards, strategy maps, budgets, activity-based cost management (ABC/M), forecasts, and resource capacity planning. Are these fashionable fads or relevant solutions? EPM methods have been hailed as the new salvation for aligning an organization’s resources with its strategy to drive individual action. How widely accepted is the concept in government or in business?
The message to the government is: better, faster, cheaper – hold the line on taxes but don’t let service slip. The imperative on governments for improved cost and yield management, planning, and budgeting can be met by enhancing cost accounting information. Fact-based data, robust analytics, accurate forecasts, and trade-offs (what-if scenarios) are essential for strategy formulation, privatization and outsourcing studies, fee-based cost recovery systems, and competitive bidding.
Key Topics Covered in this CPE Business Management Course:
Join this webinar to discover how Value-Based Enterprise Management can revolutionize government organizations, optimize resources, and drive strategic action for better, faster, and more cost-effective public services.
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Gary Cokins is an internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina at www.garycokins.com . Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA with honors from Northwestern University’s Kellogg School of Management in 1974.Gary began his career as a strategic planner with FMC’s Link-Belt Division and then served as Financial Controller and Operations Manager.
In 1981 Gary began his management consulting career first with Deloitte consulting, and then in 1988 with KPMG consulting. In 1992 Gary headed the National Cost Management Consulting Services for Electronic Data Systems (EDS) now part of HP. From 1997 until 2013 Gary was a Principal Consultant with SAS, a leading provider of business analytics software.
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We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
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