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THRUST 4: FINANCIAL SUSTAINABILITY
COST SAVING AND FINANCIAL MANAGEMENT
PERFORMANCE TARGET
NO. REFERENCE
INDICATOR 2021 2022 2023 2024 2025
Percentage of
operational
expenditure
26 (OPEX) for MyRA 2% 2% 2% 2% 2%
Research &
Development
(R&D)
OPERATIONAL DEFINITION
Percentage of OPEX related to R&D, including:
➢ Post-doctoral students/Research Officer/ Research Fellow/ Research Assistant and other
research administrators (lecturers are not considered)
➢ Purchase of research equipment
208
➢Development of research laboratory
ACTION PLAN SCHOOLS/ DEPARTMENTS
INVOLVED
• Appoint Research Officer/Research Assistant for research
grant Research & Innovation
Management Centre and
Schools
MONITORING MECHANISM
• Research & Innovation Management Centre
