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Analytics in public sector decision making. (The Bookshelf).(Book Review)
Tools for Decision Making: A Practical Guide for Local Government
Published by Congressional Quarterly Press
(866) 427-7737
www.cqpressbookstore.com
2002; 252 pages, $29.95
Public managers and finance professionals are often pressed for time and resources. As a consequence, they often make decisions based on their own intuition, the availability of information, and political palatability. While this rather haphazard approach to decision making may have been considered adequate in the past, the complexity of government operations and mandates for increased accountability to stakeholders now demands otherwise. Today's climate necessitates the use of analytic techniques to make informed decisions about a host of challenges facing public managers.
Tools for Decision Making: A Practical Guide for Local Government describes a number of analytic techniques for tackling common public sector issues. Techniques of particular interest to finance professionals include using performance standards, making investment calculations, identifying full program costs and go-away costs for privatization decisions, and life-cycle costing, among others. Unlike other publications that address this topic, Ammon's book intentionally leaves out abstract, impractical, or mathematically complicated equations.
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Source: HighBeam Research, Analytics in public sector decision making. (The Bookshelf).(Book...