VUT_Report 2018_Finale

VAAL UNIVERSITY OF TECHNOLOGY
ANNUAL REPORT 2018
• The review of progress on projects at operational level; and
• Escalation of issues that require Senior Management involvement
2.5 Performance Evaluation
Performance evaluation analyses is conducted to determine
why there is under-performance or what the factors were that
allowed good performance in a particular area. Where targets
have not been met, the reasons for this are examined and corrective
action are recommended.
2.6 Performance Review
Performance reviews is a key element of the monitoring and
evaluation process. Successful strategy management and execution
requires effective strategy review meetings.
Quarterly performance reviews occur at Senior Management
level to monitor progress of the University from a strategic level,
making sure that the objectives are on track. These meeting are
focused on:
• The review performance of key indicators; and
• Taking actions and adapt the plans when necessary.
2.7 Performance Reporting
Performance reports include reporting through the following
external accountability documents:
• The Annual Report on performance against the Annual
Performance Plan; and
• The Mid-Year Report on the Annual Performance Plan.
Evidence to support the status is also reviewed at these stages.
In addition, quarterly reports are also prepared for internal
reporting purposes. The Final performance report is audited by
the University external auditors and finally published in the VUT
Annual Report.
3. Relationship between plan and budget
VUT management attempts to ensure that VUT remains
financially sustainable. The annual budget process is considered a
significant event with vast implications on the continuity of
business of the institution. The budget process is a fair and
robust exercise supporting the goals of the University and the
objectives of each Faculty and Department.
VUT’s Budget Committee’s role is to oversee the appropriate
allocation within the available resources subject to elements
such as proper budget planning, applying budget parameters
and the Reporting Regulations for Public Higher Institutions.
The Budget Committee ensures that the core business of
teaching, learning and research improve through the budget
provision. In arriving at the final budget, the Committee considered
the following:
• The Minister’s approval of the revised VUT Enrolment Plan
(2017-2019);
• Requirements relating to salary improvements;
• Direct academic intervention and support for the academic
plan in terms of the need to address the issues raised by
the Higher Education Quality Committee;
• Direct academic intervention and support for the academic
plan in terms of the need to address the issues raised by
the Curriculum Development with regards to the HEQSF
alignment project;
• The projection in terms of the subsidy, based on the Medium
Term Expenditure Framework (MTEF) as well as the
current funding framework; and
The audited Higher Education Management Information System
(HEMIS) data for 2017, subject to the provisions in the current
phase of the Department’s funding migration strategy.
4. 2018 Annual Performance Report
VUT has identified seven Key Performance Indicators (KPIs) to
monitor progress and success in the realisation of our Strategic
Goals. Significant progress has been made with the implementation
of the Annual Performance Plan (APP), with special reference
to teaching and learning alignment of the PQM to the HEQSF
criteria.
Data provided in this report were audited by Ngubane & Co.
However, it must be noted that data for higher education
institutions (HEIs), HEMIS staff and students are subject to a
few potential standard minor amendments before auditing and
reporting to the Department of Higher Education and Training
(DHET), and to a further audit by external auditors Ngubane &
Co. in June. As a result, the final report to DHET in July 2018 may
contain slightly different figures on staff and students due to the
fluctuating nature of these indicators. The research output units
indicated was audited by the external auditors Ngubane & Co.,
but not yet DHET approved, therefore the final research output
report might have slightly different figures.
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