LibraryC2 Performance management2d Data-informed decision making
LTI-PM-016
Incorporate financial scenario-planning models into institutional budgeting processes
Two-year to four-yearappliesFour-year to two-yearwith adaptationFour-year to four-yearwith adaptation
Mechanism
Scenario models project what streamlined credit transfer does to tuition revenue, so the institution can plan for an early dip instead of abandoning the program when it arrives.
Preconditions
Financial planning templates and historical enrollment data.
Owner, by role
Vice President of Finance / Chief Financial Officer
Who can act
One institution alone
Effort
Medium, 6 months to first visible effect
Outcome metric
Transfer enrollment targets reconciled with budget projections
Failure modes
Financial models may be based on overly optimistic enrollment assumptions, leading to budget shortfalls.
Contra-indications
None stated
Related practices
- LTI-PM-009 Charge a joint finance working group including both chief financial officers