WESTPORT ELECTRIC CORPORATION
Submitted To, Prof. Vivek Patil
Submitted By, Mangesh Dongare
WHAT IS THE CASE ALL ABOUT ?
This case is of Westport Electric Corporation where the Budget department facing problem regarding the
“Evaluation of Budget on Perfomance”
PROBLEM
There are two major problem for which the management ask to prepare proposal
Legal Staff Budget Management Training Budget
LITTLE INSIGHT OF PROBLEM
Legal Staff Budgeting problem :- The Legal department is inefficient and
getting budget approval easily
Why this was Happening?:- Mr Hoover not getting enough time not have
knowledge to evaluate performance&
In this year again legal department is asking for 30% increase in there budget
FLAWS
There is flaw or loop hole in Evaluation system particularly with the legal staff budget
LITTLE INSIGHT OF PROBLEM
Management Training Budgeting :- The problem is that which activity needs
training?What training?
How the effectivity of training will be calculated?How ROI will be calculated on training?
simply
“Training Programs were ineffective”
Why this was Happening? Fear of employees to report inefficiency of
training to top management.
The score is added in the KRA (Key result area) sheet of employee.
No system in place to understand which department in organization need training
No proper selection of Vendor ?
FLAWS
No presence of feedback platform to understand the effectivity of training.
No internal tool to evaluate the efficiency of training
No coordination of department heads regarding “Who needs training”
SOLUTION
For both problem we think there is need to adopt the technique of the Zero based budgeting.
So the each departments will be alloted with the budgets according to the activities plan & there ultimate effect on profit, objective or mission.
So the each department will understand there responsibility & there will be activities which are oriented towards the Goal & Profit
LEGAL DEPARTMENT
To root out the inefficiency Second opinion on the internal activity(how
much time the certain process will take if it outsourced)
Multitasking will improve the speed & output
Benchmarking:-Internal & External. So that processes & system will be improved
Each monthly review or may be Quarterwise review
MANAGEMENT TRAINING
Zero based budgeting – so the each activity/training will be justified then the budget is asked
Freedom for giving feedback on training.
MANAGEMENT TRAINING
Designing training program or in taking decision of training the divisional head should be involved
Inside the organization the internal tool should be developed or to training com it is asked to prepare to tool which will calculate accurate training impact
Proper training vendor evaluation with help of divisional managers
Top Related