INSTG020 lecture for UCL DIS students - Budget & Finance management

Budget & finance managementUCL DIS INSTG02023 February 2015Andrew PreaterAssistant Director, Library Academic Services

@preater

PRINCE2 Project Brief: what we could have done

1. 'cash rules it all' by Flickr user superk8 nyc, available at: https://www.flickr.com/photos/superk8/3065318503 (CC BY-NC-SA).2. Smith, C. (1994) C.R.E.A.M. New York City, NY: Loud Records.

What do we manage?

In a sentence:

Constant and variable capital

Marx, K. (1976) Capital volume 1. Reprint: London: Penguin, 1990.

Library Services budget

Why do we manage it?

• Authority to spend

• Planning

• Accountability and transparency

• Demonstrating value

1. Mo Money Mo Problem by Flickr user Gerard Stolk, available athttps://www.flickr.com/photos/gerardstolk/8750185081/ (CC BY-NC)2. Price, K. (1997) Mo' money mo' problems. New York City, NY: Bad Boy Records.

Challenges

• Complexity of large budgets

Challenges

• Complexity of large budgets

• Project and programme costs

Challenges

• Complexity of large budgets

• Project and programme costs

• Changing HE landscape

Challenges

• Complexity of large budgets

• Project and programme costs

• Changing HE landscape

• Your institution

Last word from Nelly

“Oh why do I live this way?

Hey, must be the money!”

Haynes, C.I. (2000) Ride wit me. New York City, NY: Universal Records.