Documenting the Growth of Responsibility Center Management Budget Models in Public Higher Education
Robert Kelchen
OCTOBER 25, 2024
As most of higher education is concerned about their financial position, a growing number of colleges are trying to encourage academic units to generate additional revenues and cut back on expenses. One popular way of doing this is through responsibility center management (RCM) budget models, which base a portion of a unit’s budget on their ability to effectively generate and use resources. [1] Both universities that I have worked at (Seton Hall and Tennessee) have adopted variations of RCM budg
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