Annual Performance Report 2012
Print- Management Processes
- Cost Reduction and Budgetary Growth
Strategic Theme 6: Cost Reduction and Budgetary Growth
Establish a cost-reduction approach and a budgetary-growth target that maintains an effective and efficient use of financial resources.
Objectives
6.1 Use financial resources efficiently and effectively.
6.2 Achieve budgetary savings and expense growth in line with Board approved targets.
The Board recognizes the importance of continuing to identify opportunities to enhance its operational efficiency and control growth in its operational costs. Implementing these changes will help ensure that the strategic investments remain within a sustainable budgetary range and provide the appropriate level of support so that the Board continues to meet its mandates and builds the capabilities to improve the way it fulfills its mission.
Accomplishments
- Aligned the 2013 budget with strategic objectives.
- Identified areas for evaluation and instituted a cost-evaluation process.
Planned Activities
- Continue evaluating opportunities for cost containment and implement approved changes.
- Review and mitigate administrative redundancies.
Last update: May 17, 2013
