Demonstrates broad understanding of principles of financial
management and marketing expertise necessary to ensure appropriate funding levels.
Prepares, justifies, and/or administers the budget for the program area.
Uses cost-benefit thinking to set priorities. Monitors expenditures in support of programs and policies. Identifies cost-effective
approaches. Manages procurement and contracting.
Ideas for Developing this Competency:
- Prepare a return on investment plan for a program in your organization.
- Attend a budget meeting.
- Attend seminars sponsored by investment firms.
- Develop a budget justification for a new project at work or in your community.
- Identify ways to save costs on a work or community project.
Then help implement the change.
- Watch videos and view television programs on financial management issues.
- Read the Wall Street Journal and other publications
that give you a better
understanding of financial management.
- Join an investment club.
- Watch a budget appropriation hearing and identify key information presented.
- Serve as a treasurer for an
- Complete a detail at the Washington
Office or state budget office.
- Use the MIS data to strategize and
- Schedule a financial advisor to
discuss budgeting and financial planning at your local office.