Welcome to this course on Financial Sustainability.
This course consists of four main learning modules which are highlighted below. Each module is like a short course which takes approximately an hour to complete. Each module is made up of several smaller lessons, so you are able to come and go as your schedule allows.
This module sets the foundation for effective financial sustainability practices by answering 3 key questions: (1) What is financial sustainability, (2) How can Protected Areas achieve financial sustainability, and (3) What are the key elements of financial sustainability.
Module I. PA FINANCIAL ANALYSIS
This module focuses on the process of sound financial analysis, importance of understanding the revenue dynamics and its implications for conservation, Activity-Based Costing, and the importance of financial information management.
Module II. REVENUE AND COST-EFFICIENCY
This module focuses on financial options available for a protected area to close its financial gap, screening and selection of financial mechanisms, promising income strategies for the Carpathian System, and cost saving strategies.
Module III. FORMULATION OF THE PA BUSINESS PLAN
This module focuses on the nature, utility, and components of financial plans, key characteristics of sound business plans, and how to facilitate the advancement of financial sustainability from a system level perspective.
Module IV.HIGH-LEVERAGE COMMUNICATION AND PERSUASION STRATEGIES
This module focuses on the importance of effective information and communication activities to better convey conservation needs. It explores the importance of sound arguments to effectively influence policymaking, obtain resources, and attain sustainable conservation results and the role of Sector Analysis Scenario (SSA) to develop sound economic and financial arguments. Finally, the role of communications strategies within the process of improving public policies and increasing funding for protected areas is discussed.