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Research Paper | Education Management | Philippines | Volume 6 Issue 10, October 2017 | Rating: 5.1 / 10
Operation Management of Income Generating Projects: A Case of Nueva Ecija University of Science and Technology
Abstract: The study focused on the operation management of income generating projects at Nueva Ecija University of Science and Technology. It specifically described the core business functions, namely organizational management, marketing, production/technical, and financial aspects. This study used the descriptive survey method, utilizing both quantitative and qualitative descriptions of data. Interviews, questionnaires, and observations were used to determine the existing income-generating projects on each campus and the operation management of the university's IGP. Statistical methods used were frequency, percentage, and weighted mean. The respondents who gave their time and effort for this study were six IGP officials. The study revealed that the President has overall control of the management of the IGP of the university with the help of the IGP Committee. In terms of pricing, the cost plus method was used, which was set by the IGP officials. The majority of the IGP's sources of income came from leasehold of stalls and space like canteens, KIOSKS, and other facilities of the university like gymnasiums, audio-visual rooms, sound systems, auditoriums, training center halls, and training center rooms. In terms of technical/production manpower, the university is the primary provider. The supply officer was in charge of the mechanism for procuring materials and disposing of supplies. Capitalization is essential for souvenir products and RTW/Garment from a financial standpoint. Financial statements are generated on a semi-annual basis, and collection reports are issued on a monthly basis, using cash from a separate trust fund for funding IGP projects. The university's most profitable IGP is rents and leaseholds. It is strongly recommended that the University consider discussing financial reports on IGP projects at each campus during their year-end meetings in order to be transparent and encourage other faculty and staff to support the IGP projects. Finally, the research must be reproduced in order to confirm the findings and offer more exact descriptions and assessments of various existing IGP initiatives on each campus, which will be used as inputs in the planning and decision-making of the IGP head and officials.
Keywords: Operation management, Income generating projects, financial statements, Nueva Ecija University of Science and Technology
Edition: Volume 6 Issue 10, October 2017,
Pages: 2158 - 2168