Budget Redesign Was Top of Mind at AASCU 2015
Huron manager Jaime Ontiveros and Northern Kentucky University's vice president and provost, Sue Ott Rowlands, presented lessons learned while partnering to implement a decentralized and incentive-based approach to resource allocation at Northern Kentucky. Speaking to a packed room, Ontiveros and Rowlands presented their findings at the American Association of State Colleges and Universities (AASCU) Academic Affairs Summer Meeting.
While there is no one-size-fits approach to redesigning an institution’s budget, Ontiveros found that through emphasizing Northern Kentucky’s commitment to its students’ success, the institution was better positioned to leverage their resource allocation model in a way that promotes specific, positive behaviors across campus.
While moving to an incentive-based model requires a litany of decisions regarding structure, scope and its algorithms, there were some lessons learned that could be applied in a variety of contexts:
- These engagements require high levels of stakeholder engagement
- Stakeholders will be eager to hear about models deployed at other institutions
- From day one, the conversations must be designed with implementation in mind
- Data analysis helps inform and narrow ultimate model selection
- Transparency and continuous communications are key factors in the change management process
If implemented successfully, budgets have the power to unify departments, translate strategic goals into management and operating plans and can optimize incentives with the potential to create win-win opportunities across the entire institution.Contact Us