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planning, programming, budgeting (H6, M2)<br />A budgetary system evaluating expenditure programmes in their entirety by taking into account the total effects of them, using COST BENEFIT ANALYSIS. This system, introduced into the US Department of Defense in the early 1960s, was extended to other US Departments in 1965.<br /><em>See also:</em> cost-effectiveness analysis <br /><em>Reference</em><br />Harberger, A.C. (1982) Project Evaluation: Collected Papers, London: Macmillan.
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off-the-job training (J2)<br />Formal training, usually away from the premises of one's employer, which takes the form of lectures, tutorials and practical sessions. A switch to this type of training has been necessary because of the haphazard nature of much ON-THE-JOB TRAINING and the increasing amount of technical knowledge required for many occupations.<br /> See also: general training
real wages (J3)<br />1 Money wages adjusted for inflation. Real wages can only increase if money wages rise faster than inflation.<br /> 2 The amount of goods and serv1ces a money wage can purchase.
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