Patrick Murray Identifying the Financial Contribution of Funded Projects

Aim,Scope & Objectives Aim Design & Implement an assessment tool to identify the Contribution of Funded Projects. Scope Funded Projects Best tool to utilise to determine the Contribution Objectives Project Managers, Finance & Management to be more knowledgeable with regards to Funded Project Finances Eliminate Projects that would not Contribute financially to the College

Justification Financial Value of Projects Current Knowledge Gap Need to Increase Non FLU Del Funding Static FLU Income Good Practice

Justification Cont Project Income £431K

Justification Cont Project Income £513K

Justification Cont Total Funded Project Income £439k 80% of Income comes from these 8 Projects 7 of the 8 Projects are Funded based on Costs Incurred 4 of the 7 Projects are not 100% Funded

Justification Financial Value of Projects Current Knowledge Gap Need to Increase Non FLU Del Funding Static FLU Income Good Practice

Research Methods Questionnaire – Issued to current Project Managers Focus Group – With current Project Managers Agresso – Provide current financial data on Funded Projects

PACE Participants

Findings

Options

Summary Master Spreadsheet

Specific Project Summary

Project Detail – Note 3

Project Detail – Note 4

Impact/Benefits Better Informed & Knowledgeable Opportunity for Corrective Action Reduction in Projects not Contributing Financially to the College Potential to adapt for Business Services Income Assist with Forecasting

Any Questions?

Your Presentation should include info on…. Aim / scope / objective of Management Project Justify it is as an area of investigation Identify how you completed your research, info and data used etc Identify GIS info used & maps! Your findings and available options Identify why you have chosen your preferred option Discuss resources required in terms of costs Identify cost benefits from completing the project Discuss implications and impact of the project on SERC Identify risks to SERC if project does not proceed, think ‘5 points to come away with’ and ‘so what’ in your presentation! Approx 5-10 slides – only 20mins long. Good luck