The institution has a strategic financial management approach to developing digital infrastructure for the online and blended programmes.
Purpose
The purpose of this practice is to ensure that sufficient financial resources are allocated for different stages of the development of online and blended programmes. Sound financial management is vital to the success of such an initiative because of the considerable investment in digital infrastructure including the high cost of hardware and software as well as development of online materials. Effective and efficient management of resources are required to assure the continuous running of the online and blended learning programmes without jeopardising the attainment of other institutional strategic goals. Rigorous financial management helps ensure that the implementation of digital education is financially viable and that the necessary spending has been taken into account in the current and future institutional budget strategies.
Outcome
The outcome of employing this practice is to effectively manage the allocation of sufficient financial resources to support the provision of online and blended education.