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Objectives

Budget Redesign Objectives

  • Develop a set of guiding principles to facilitate the development of a new budget model that optimally aligns with Tulane’s goals, culture, and growth objectives
  • Assess alternative resource allocation approaches used across higher education
  • Select a baseline budget model that best aligns with the guiding principles developed and institutional goals
  • Identify revenue and cost allocation methodologies that create desired incentives and incorporate them into a Tulane-customized, redesigned budget model
  • Facilitate communication, constituency engagement, and stakeholder education surrounding the new model and its relevant budget process and operational implications
  • Serve as public campus “champions” and provide internal ad hoc support and guidance throughout the assessment to overcome barriers, build stakeholder buy-in, and help ensure successful results

Operational Review Objectives

  • Provide knowledge and perspective on Tulane’s organization, culture, and operational strengths and challenges
  • Develop an agreed-upon assessment framework for evaluating and prioritizing identified opportunities, including evaluation criteria and relative importance of those criteria
  • Deliver feedback on identified improvement opportunities, including relative “scoring” of evaluation criteria
  • Make recommendations to President Fitts on the opportunities which should be developed into full business cases
  • For opportunities being built into business cases, oversee progress of Working Groups and provide feedback on developed materials
  • Serve as public campus “champions” and provide internal ad hoc support and guidance throughout the assessment to overcome barriers, build stakeholder buy-in, and help ensure successful results