Page 182 - PARAMETER E

Part 4- Income Generating Projects

5.6. Awards System
5.6.1. The academic faculty member who is given assignment shall neither be entitled to a
proportionate reduction in teaching load nor given equivalent teaching load (ETL).
5.6.2. In recognition of his/her service to the program, a distinguished service award shall be
given to PM who has contributed to the growth and development of the program for the
production year.
5.6.3. An incentive in the form of cash shall be given to project managers who have exceeded
their target yield/income for the production year.

5.7. Monitoring and Evaluation
5.7.1. An effective monitoring, evaluation, and control system shall be developed in order to
ensure smooth operation and implementation of projects.
5.7.2. Aside from good record keeping, this shall include timely submission of reports and
periodic monitoring and evaluation.
5.7.3. Consolidated project/statement including inventory of stocks shall be prepared and
submitted by the project manager to the head of the office. The frequency of submission
depends on the nature of the project.
5.7.4. Monthly reconciliation of data on income and expenses shall be done by the project
manager with the accounting office.
5.7.5. Marketing of produce shall be done at designated place or at the project site but with
corresponding sales invoice.
5.7.6. Project Manager or his/her duly designated representative shall remit daily collection to
the Cashier’s Office. He shall also prepare monthly statement of sales and expenses.
5.7.7. A regular meeting of the project manager and project laborers with the head of the office
shall be conducted.
5.7.8. The President, Vice President and the head of the office shall regularly visit the different
projects/offices.
5.7.9. A performance evaluation of the program shall be conducted at each production year,
which could be done inside or outside the university.
5.7.10. During the annual performance review of the program, project analyst or critics shall be
invited to make an honest evaluation of the program.

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IFSU Code