Day 2:
On the second day of the workshop, participants were given more data and information by top management of the university. The Vice Chancellor, Dato' Sri Pro Ir Dr Sahol Hamid Abu Bakar gave his keynote address and vision. Income generation by public universities is a global trend. For Universiti Teknologi MARA, that extra income can be used for some very good projects, such as to finance the "Mengubah Destini Anak Bangsa - MDAB". The workshop focuses not only on income generation, more importantly it also promotes cost savings among members. In his speech, the VC highlighted the need to target a minimum cost saving of at least 30% by the year 2015. Cost saving measures include cost monitoring for university expenditures such as emolument (i.e allowances, overtime, claims and part-time salary); overhead & utilities (i.e. electricity, water, telephone, internet and wastages); process-related costs (i.e. printing, theft, beauracracy, waiting time) and resource-related cost (i.e. truance, absenteeism, fraud, idle time, low productivity).
On the second day of the workshop, participants were given more data and information by top management of the university. The Vice Chancellor, Dato' Sri Pro Ir Dr Sahol Hamid Abu Bakar gave his keynote address and vision. Income generation by public universities is a global trend. For Universiti Teknologi MARA, that extra income can be used for some very good projects, such as to finance the "Mengubah Destini Anak Bangsa - MDAB". The workshop focuses not only on income generation, more importantly it also promotes cost savings among members. In his speech, the VC highlighted the need to target a minimum cost saving of at least 30% by the year 2015. Cost saving measures include cost monitoring for university expenditures such as emolument (i.e allowances, overtime, claims and part-time salary); overhead & utilities (i.e. electricity, water, telephone, internet and wastages); process-related costs (i.e. printing, theft, beauracracy, waiting time) and resource-related cost (i.e. truance, absenteeism, fraud, idle time, low productivity).
