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OD: Responsibility Center Management: The Process Necessary to Complete a Successful Implementation

Recorded on: Tuesday, November 12, 2013 1:00 PM ET

Overview

Many colleges and universities are studying Responsibility Center Management (RCM) as part of their effort to bring more entrepreneurship, accountability, efficiency and effectiveness into their budgeting process. RCM has existed for more than 30 years, but the model is getting new attention as institutions face 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.

The RCM model has evolved over the years, changing to adapt to the needs and structure of developing business models in higher education. Today’s RCM models still offer revenue incentives, increased transparency and clarified roles and responsibilities between local and central units,. 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 upcoming webcast will offer attendees a deep-dive into the implementation of the RCM model. Participants will learn what is required of your institution and its business offices, and how to anticipate possible impacts on your institution.
Interested in learning more?  
Consider watching the on-demand webcast, Responsibility Center Management: How Innovations Have Changes the Nature of RCM which focused on the innovations and trends that have emerged in contemporary RCM models and how your institution can benefit from them. Or purchase a copy of Responsibility Center Management: A Guide to Balancing Academic Entrepreneurship and Fiscal Responsibility in either print or eBook format.

What You Will Learn

  • The issues, constituencies, and processes you will need to address in implementing an RCM model.
  • The importance of developing basic principles to govern RCM development and execution.
  • How RCM models can be customized to meet the unique needs of a particular institution.
  • Ways to responsibly manage expectations during an RCM implementation.
  • The change management process required at your institution to make an RCM model as effective as possible.

Meet the Presenters

  • Guilbert L. Brown, Assistant Vice President, Budget and Planning and Chief Budget Officer, George Mason University
  • John R. Curry, Managing Director, Huron Education
  • John Gilliom, associate dean for strategy, finance and administration, College of Arts and Sciences; professor of political science, Ohio University.

Who Should Participate?

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

Course Information

  •  Length: 120 minutes

Fees

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

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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.