The term “plan management” refers to creating and organizing funding options for a group or organisation, usually with the approval of senior management. In the most general sense, this means the preparation and coordination of a budget. The budgeting process occurs before the initiation of any planning activity and is normally done by the governing body or committee responsible for budgeting. It is also used in the procurement of needed resources that may not be budgeted for at the time of acquisition.
The term “NDIS plan management in SA” can apply to more than just the budget. For example, service providers create and maintain plans for training, development, inventory, operation, financial planning, property management, and many other activities. Often, service providers engage in plan management activities to help their client organisations achieve certain efficiency and quality levels. Other examples of plan managers include investment management professionals, venture capitalists, and consultants.
Service providers have several objectives when it comes to working through a management plan meeting. They may want to gather more information about their funding options and obtain more funding for their organisation. The providers may also want to change how they do business or gain access to new funding sources. In either case, this type of planning meeting is usually beneficial to the service providers.
Several goals are met by NDIS plan management in SA meetings. First, it helps service providers to meet their obligations to pay their bills. This generally takes the form of paying invoices on time, reducing collection calls, preventing fraud and other related delinquencies and in some cases, even stopping bill collectors from calling the organisation. Some plan managers advise the participants regarding their debt management practices, how to improve financial management, what documentation they should use and other strategies that will enhance their ability to pay their bills.
Second, a management plan meeting provides support to organisations. Participants learn how to manage their resources best. Some participants receive information about how to utilize their funding better to pay their bills on time. Others learn about new opportunities that could help them expand their business. Third, a management plan meeting provides education to participant organisations. It includes information on how their current funding processes work, what changes need to be made and how other institutions and third parties manage their funding.