Persistent inflation rates, rising material and utility costs, wage pressures, and deferred maintenance are increasing overall operational costs in higher ed. Institutions need to rethink their budget models to achieve long-term financial sustainability.
Most models tend to be either centralized or decentralized, and while neither model is perfect, and higher ed leaders are increasingly adopting hybrid models that utilize the best of both worlds. The right budget models help institutions respond to immediate pressures and proactively prepare for future financial challenges.
Download this report to review three ways business executives should focus their redesign efforts to have the most impactful budget model elements and align their model to their strategic goals.
