Page 62 - UNAM Strategic Plan (REVIEWED) 2019-2024

10. BUDGET

The strategic budget will be done on a year-on-year basis for the period 2022 to 2024.

For the first year (2022), the budget is now costed at N$63.6 million while the remaining

two years is to be determined months prior. The current figures reflected under the
years 2023 and 2024 are indicative (suggestive). To develop and implement the

envisioned programmes, projects and plans, the University will continue focusing on
income diversification and commercialisation of own assets.

11. MONITORING AND EVALUATION OF THE STRATEGY

Monitoring and evaluation will enable us to improve performance and ensure

the achievement of results by investigating ways we can progress towards the
attainment of the strategy. Our aim in this regard is to improve current and future

management of outputs, outcomes and impact towards the realisation of becoming
a “sustainable international hub of excellence in higher education, training, research

and innovation by 2030”.

For the purpose of leveraging synergies and achieving breakthrough results, both
vertical and horizontal, alignment to strategy will be ensured. UNAM Council retains

oversight responsibility and the Vice Chancellor shall overall be accountable for the

implementation of the strategy.

The institutional plan will be cascaded to three- year divisional business plans, which
will, in turn, be cascaded to one-year faculty and directorate management plans.

Personal scorecards will be developed for all individual staff members in the
institution. To cement this, individual performance will be managed through

supervisors and their direct reportees signing individual performance scorecards. To
curtail red tape and bureaucracy, the PVCs will account for the execution of action

programmes by units within their arcs of operation. Golden threads and alignment

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