FINANCIAL PLANNING: NEEDS, ROLES, AND RELATIONSHIPS

Workshops on the needs, roles, and relationships involved in financial planning are summarized. Using a gaming simulation and role-playing technique, one workshop identified two categorites of concerns in the planning process: those of "management," or decision makers, and those of the "technicians." Management must be fair and equitable, whereas technicians may suffer from a credibility problem. The second workshop focused on four issues: (1) Who is responsible for various types of planning efforts? (2) What incentives exist for those people to undertake those efforts? (3) How can planners' credibility be improved? (4) How can a financial planning or strategic planning process be initiated? They concluded that more communication and interaction were needed among all involved and that neither type of planning usually takes place; precedent usually shapes what follows. They also concluded that the private sector has a vested interest in ensuring that adequate planning occurs and in initiating it. The third workshop concentrated on assuring that planning participants developed meaningful interpersonal relationships, the success of which is often gauged by the credibility of the products of the planning proceess and the environment and atmosphere in which decisions are reached. The fourth workshop, in trying to answer questions posed earlier, concluded that (1) the planning process should be from the bottom up; (2) common goals are necessary to integrate the financial, strategic, and transportation processing among all participants and governments; and (3) financial planning should be used to limit transportation planning realistically since financial resources are also limited.

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    • Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved. This paper appeared in TRB Special Report 208, Proceeding of the Conference on Evaluating Alternative Local Transportation Financing Techniques. Conference was conducted by TRB and sponsored by FHWA and UMTA, November 28-30, 1984, Denver, Colorado.
  • Corporate Authors:

    Transportation Research Board

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  • Authors:
    • Keck, Carol
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  • Publication Date: 1985

Media Info

  • Media Type: Digital/other
  • Pagination: p. 59
  • Monograph Title: PROCEEDINGS OF THE CONFERENCE ON EVALUATING ALTERNATIVE LOCAL TRANSPORTATION FINANCING TECHNIQUES
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    Open Access (libre)

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Filing Info

  • Accession Number: 00451158
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Nov 30 1985 12:00AM