Performance Based Budgeting in Higher Education

More states across the country are switching to performance-based budgeting as a funding method for public universities. By mid-2018, 36 states had already approved or enacted a performance-based funding plan for their respective schools. During a time when resources are limited, and the cost-benefit analysis of higher education is in question, there’s a need for better budgeting…

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Predictive Analytics in Higher Education: Getting ROI traction with your student and constituent management systems

The importance of higher education to our world and future well-being cannot be overstated. However, like healthcare, it is a complex environment with multiple often competing priorities. Institutions are mission-driven and manage a diverse set of objectives such as enrollment growth, academic achievement, efficient operations, thriving athletics, reputation management, and the essential development of constituents…

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Pros and Cons of Zero Based Budgeting in Higher Education

Current economic challenges have caused authorities to reconsider their funding policies. Governments are now considering the use of various budget approaches to ensure there is transparency, accountability, and efficiency in the utilization of public resources. One of the budgeting approaches lauded for its ability to address all of these concerns is zero-based budgeting. What is…

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Planning for Higher Ed Professionals: How to Better Plan for Faculty with Multiple Roles

In almost all Higher Education institutions, especially more research-focused schools, faculty almost always wear multiple “hats”. Their responsibilities can be spread across teaching activities, research, administration, and other value-added roles like a physician at a university hospital. This creates a unique planning challenge, as administrators are increasingly tasked with a better understanding of how their…

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How I learned to love budgeting (and you can too)

Written By: Beth Walkley, Adaptive Insights Originally posted June 27, 2019 Between decreasing government appropriations, fluctuating enrollments, increasing pressure for tuition increases and rising costs of salaries and benefits, many higher education institutions are feeling the pinch. While this is nothing new for Ramapo College of New Jersey, as the chief budget officer I see…

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