A nonprofit organization utilizes performance measurement for a number of reasons: to assist with budgeting, to convince stakeholders that the nonprofit is effective, and to improve the overall management of resources. Additionally, performance measurement is integral to a nonprofit’s decision-making process during strategic planning. Evaluation is a sound financial management practice to plan budgets, determine if various programs are working effectively or not, and determine if the resources are being mismanaged or managed appropriately.
In this discussion forum, address the following:
Discuss 3 to 5 well-justified reasons that support evaluation as a sound financial-management practice.
Analyze the public-policy implications of evaluation.
NOTE: Considerations you may need to address in your post include the needs and culture of the organization and the interest(s) of the grant maker.
