Developing Process Definition for Financial and Physical Resource Management Process in Government Domain

2016-06-10
Gökalp, Ebru
Demirors, Onur
Public Financial and Physical Resource Management (PFPRM) is becoming a core competency critical to a government organization's competitive advantage. Recent studies have shown that organizations with established PFPRM are able to generate millions of dollars in additional savings and have a distinct competitive advantage. Our literature review showed that there is also a lack of a guideline for process capability determination and improvement of PFPRM. On the other hand, after observing benefits in software organizations, The ISO/IEC 15504 is used as a baseline to generate capability/maturity models for different specific domains/sectors. Accordingly, the same approach is utilized in the government domain, and process definition of PFPRM based on the requirements of ISO/IEC 15504 is developed. Therefore, PFPRM can be assessed based on ISO/IEC 15504 to be consistently applied, managed, and controlled across governmental agencies. A case study, including the assessment of an organization's PFPRM capability level is performed. The assessment results are used to develop a road-map for implementing process improvement in the study. The initial findings show the applicability and adequacy of the proposed approach.
Citation Formats
E. Gökalp and O. Demirors, “Developing Process Definition for Financial and Physical Resource Management Process in Government Domain,” Dublin, IRELAND, 2016, vol. 609, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/31521.