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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit 6 Lessons Learned

Unit 6 Lessons Learned

Q Introduction Students are expected to reflect on what they have learned about public budgeting and finance from their textbook each unit, including “take-aways” that will be useful in their future careers. Directions Students are expected to reflect on at least TWO lessons that they have learned from their readings in the textbook (Lee, Johnson, and Joyce) this unit and write 1-2 short paragraphs for each lesson learned. Comments should focus on the implications for public budgeting and finance based upon topics they have found especially relevant. 1) Add Title page and Reference page 2) Double-spaced, Times New Roman 12 font 3) Make sure to add citations and references formatted according to APA style. 4) DO NOT use direct quotes. Instead paraphrase and properly cite summarized information. Due Dates: 11:59 p.m. Sunday CT.

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In this module, we learned about budget execution. The four main budget execution subsystems: tax administration, cash management, procurement, and risk management, were important to learn more about it. All of these four items are incredibly important to a budget, and it makes sense that if you don't have one, the budget won't work. Contract aggregation, which is intended to discourage small businesses from bidding for contracts, makes it possible for Boeing to be at the forefront in securing these contracts. The benefit of government contract consolidation is to reduce the administrative costs of tender management and procurement costs.