The Financial Resources Management Department (FRMD) leads, oversees and advises the governing bodies on the conceptualization and implementation of policies, strategies, plans, projects and approaches for the administration and delivery of finance, budget, accounts and procurement support services provided at ITU. The Department provides strategic guidance to colleagues throughout the organization on adapting Finance, Budget, Accounts and Procurement policies to Departments and Bureaux needs in a transparent and consistent manner. The FRMD also coordinates the use of all resources made available to the Union in an effective, efficient and transparent manner.
FRMD's Main Objectives
To ensure sound financial management of the Union, and to provide support and advice on financial and budgetary matters to senior management and members of the legislative and supervisory bodies consistent with the ITU Financial Regulations and Rules. The department monitors the costs of products and services of the Union, accounting procedures and cost accounting standards and exercises efficient and sound budget control.
To provide periodical financial information to management, various organs of the Union and outside organizations. The Department effectively manages and monitors all ITU accounts; coordinates and consults with the Bureaux and Departments of the Union to provide expert advice on accounting practices. It manages ITU's financial investments, improves cash management and ensures effective financial management systems across the Union.
To ensure purchase of goods and services, through full and open competition by promoting transparency in the award of contracts and providing leadership and guidance to departments in all matters of competitive sourcing. The Department also participates in developing advance acquisition strategies, identifying organizational policy, process, or procedural impediments to competition and recommends corrective actions.
To represent the ITU in inter-organizational meetings and committees related to procurement, finance and budget issues.