Education

[Institution Name]Education

Part # 1

Evaluate alternative approaches to financial resource management

The alternate of financial resource management is the use of strictness in utilizing the capital inside an organisation. This will remove dangerous thread of shortage.

Understand the relationship between financial resource management and effectiveness

The relationship between the financial resource management and its effectiveness is FRM provides management method to manage the finance for any business or for an organisation work while its effectiveness provides various benefits such as cost reduction and effective monitoring.

Identify research issues that arise from financial resource management practice

The issues arise when we are going to practice the financial resource management within the organisation either it is the firm related to education or not are the collection of unauthorized data and shortage of current available finance.

Part A

Find one piece of research evidence that supports or challenges the claim that the management of resources directly affects learning effectiveness?

Office for Standards in education is the research that challenges this and claims that management of resources does not affect teaching and learning effectiveness.

Identify one question and one problem which arise in researching resource management?

One question arises in mind is that how resource management affects the working of departments within the organisation? And one problem arise is mind is that sometimes problem occurred when data collect to take decision related to resource is unauthentic.

Suggest one implication of delegated educational resource management?

The implication of delegated resource management is that it grabs attention of the world towards allocation of huge money for education, and authorities especially politicians perform check and balance to find the source of that extra money used in delegated finance resource management.

Evaluate one issue relating to financial resource management practice arising from Wilkins's model of 'Linking resources to learning' (Figure 1)?

This issue is “How strongly are resourcing decisions driven by an analysis of learning needs?”.

Part B

Comparison

These case studies available in Wilkins article show similar features. Each one of them explains the problems and effectiveness of schools before and after resource management. Each one of them shows a clear awareness of the priorities of education for schools. When we compare it with my own experiences, I get a clear face of priorities of my school related to my education and importance of resource management in education department effectiveness. However, another important thing I also noticed that delegated resource management is a technique that may create problem for school or education management.

Part 2

Part A

What is Resource and Financial Decision Making?

Effective decision making is not a one step process. It requires study and reasons to take a decision that can provide positive outcome for business or organisation especially in the case of education. Resource decision making and financial decision making are the parts of decision making in which we deals only with decisions that relates with resources and financial issues of an organization (Baker, et.al, 2002). In Resource decision making the management takes look of the resources that are available and what resources are required to provide effective outcome from ...