Academic and Financial Partnerships: Creating a Comprehensive Engagement Plan for
Budget Implementation

Last updated November 16, 2016

Academic and Financial Partnerships: Creating a Comprehensive Engagement Plan for
Budget Implementation

Last updated November 16, 2016

Overview

Learn how to better focus your budgeting process to engage finance and academic leaders in the research, design, and implementation of a budget model. We will highlight phases of an academic leadership engagement plan for authentic collaboration. Following this webcast, you will be better prepared to:

  • Structure your budget timeline to allow for collaboration
  • Provide training and support for committee members and leadership
  • Build guiding principles to ensure the budget meets your strategic priorities
  • Use visual displays to build consensus and improve transparency
  • Create a continuous improvement feedback cycle for ongoing monitoring

This program is designed for financial and academic leaders who are considering a new or improved budget model within their department and/or institution.

Agenda

  • Preliminary Stage: Opening the Communication Channel
    • Understand the complexity and time required for implementing various budget models
    • Set an achievable timeline to engage with all campus groups
    • Surveys, interviews and data collection process
  • Research Phase: Provisions for Steering Committee
    • Incorporating training for committee member development
    • Establishing your guiding principles
    • Research framework for budget models
    • Conducting your current state assessment
  • Design Phase: Things to keep in mind
    • Simplifying and streamlining the process
    • Approaching challenges with charge-back models
    • Accounting for overhead
    • Creating iterative feedback loops
  • Implementation Phase: Ramp Up Engagement
    • Consider “hold harmless period”
    • Training unit and department finance leaders on new process
    • Meet with all unit heads to confirm understanding of new model
    • Post-implementation feedback and communication
  • Tips for a realistic engagement plan