ERIC Number: ED381111
Record Type: Non-Journal
Publication Date: 1995
Reference Count: N/A
Cost Reduction and Value of Money.
Kedney, Bob; Davies, Trefor
Coombe Lodge Report, v24 n6 1995
This report is designed to assist newly independent colleges in the United Kingdom to examine expenditures objectively and critically in order to promote the most effective use of all funds and resources. Chapter 1 looks at: the rationale for cost reduction; the importance of scanning the operating environment as part of developing an overall strategy; traditional approaches to resource management; cost citing versus cost reduction; total absorption, marginal, and opportunity costing; and the management of expenditure. Chapter 2 describes a six stage approach to savings involving project initiation, activity analysis, option assessment, option selection, consultation and negotiation, and implementation. Chapter 3 examines opportunity analysis and selection and uses an example to illustrate cost cutting in the context of careful examination of resources and priorities and the development of a management approach that identifies key tasks, key players, and critical benchmarks. Chapter 4 discusses ways to manage an institution that facilitates and sustains the type of economic change described here. An appendix contains a checklist for evaluating cost reduction processes and options. (Contains 39 references.) (JB)
Descriptors: Administrative Change, Budgeting, Budgets, Change Agents, Change Strategies, College Administration, Costs, Educational Finance, Environmental Scanning, Expenditures, Finance Reform, Financial Needs, Financial Problems, Fiscal Capacity, Foreign Countries, Higher Education, Organizational Change, Planning, Retrenchment, School Accounting, Strategic Planning
The Staff College, Coombe Lodge, Blagdon, Bristol BS18 6RG, England, United Kingdom (9.50 British pounds).
Publication Type: Collected Works - Serials
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: Staff Coll., Bristol (England).
Identifiers - Location: United Kingdom