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OD: Responsibility Center Management: How Innovations Have Changed the Nature of RCM

Recorded on: Thursday, October 10, 2013 1:00 PM ET

Overview

Colleges and universities are facing a new era of constrained resources, with cutbacks in state and federal funding, limited growth in tuition revenue, decreased research funding, and increased financial aid to students.
 
In the search for a solution, many universities are revisiting the way they structure their budgets.  Universities want to optimize decision-making, design better incentives, and ensure efficiency and effectiveness.  This search has led many institutions Responsibility Center Management (RCM).  However, today’s RCM models are not the same as those implemented in decades past.  
 
Today’s RCM models still offer increased transparency and clarified roles and responsibilities between local and central units, but in addition to those characteristics, dozens of innovations have occurred to free RCM models of the limitations that have fueled anti-RCM rhetoric for years.
 
This webcast will focus on the innovations and trends that have emerged in contemporary RCM models and how your institution can benefit from them. Interested in learning more? Purchase a copy of the latest NACUBO publication: Responsibility Center Management: A Guide to Balancing Academic Entrepreneurship and Fiscal Responsibility.

What you will learn

  • Gain a stronger understanding of the “truths” and “myths” of RCM
  • Learn how institutions have modified their RCM models to address historical limitations
  • Explore a number of RCM innovations from that past 5-years
  • Identify if a contemporary RCM model would be beneficial in optimizing your institution’s approach to resource management, allocation and planning

Meet the Presenters

  • John R. Curry, Managing Director, Huron Education
  • Aimee S. Heeter, Associate Vice Provost and Director of Budget, Planning and Development, Indiana University
  • Amir Rahnamay-Azar, Carnegie Mellon, Vice President for Finance and Chief Financial Officer

Who Should Participate

  • Chief Financial Officers
  • Associate Vice Presidents
  • Controllers
  • Budget Directors
  • Unit Business Managers

Course Information

  • Length: 120 minutes

Fees

Member Site Registration Fee: $189.00
Non-Member Site Registration Fee: $219.00

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  • Windows XP/Vista/7
  • Windows Media Player 10,11 or 12
  • Adobe Acrobat Reader 7.0 or later
  • Flash Player 10.x

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CPE Information

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.