STRATEGIC PERFORMANCE BASED BUDGETING OF FACULTY OF SOCIAL SCIENCES AND HUMANITIES, MAHIDOL UNIVERSITY

Abstract

This research aims to study 1) the level of budget management that focuses on performance in accordance with the strategy according to the  seven  financial standards (7 hurdles); 2)  to compare opinions on budget management focused on performance according to the strategic goals  within personnel with different factors on the  seven financial standards (7 hurdles); and 3) to present guidelines for developing performance-focused budget management in alignment with the strategy of the Faculty of Social Sciences and Humanities at Mahidol University, based on the seven financial standards (7 hurdles). This is a mixed-method research project using questionnaires administered to the entire faculty population and in-depth interviews with a purposive sample group from the same faculty.

The research findings indicate that the level of budget management, with a focus on performance aligned with the strategy of the Faculty of Social Sciences and Humanities at Mahidol University, is at a high level. Personal factors, including gender, educational level, job category, and age, do not have a significant impact on performance-focused budget management within the faculty. For the development of performance-focused budget management in alignment with the faculty's strategy, the following guidelines are proposed: 1) In the budget planning aspect, conduct a SWOT analysis to identify strengths, weaknesses, opportunities, and threats. 2) In the area of setting goals and cost calculations, develop alternative evaluation methods that reduce costs while maintaining similar results. 3) In the procurement and contracting system, create a procurement and contracting practices manual. 4) In financial management and budget control, explore additional budget sources. 5) In asset management, implement a continuous maintenance and upkeep plan. 6) In financial reporting and operational results, disseminate financial information to staff. 7) In internal auditing, develop efficient and secure information system access.