Budget Model Review Timeline
Below is a description of the Budget Transformation Initiative phases and corresponding timeline.
Phase I: Discovery and Planning
September 2025-January 2026
- Establish charge for framework development.
- Launch Phase I core team and working groups for academics, research, engagement, operational excellence, and additional financial considerations, including athletics and philanthropy.
- Initial recommendations to President Linton by early December.
- Recommended path forward established by mid-January to move into design and implementation.
Phase II: Design and Validation
February-July, 2026
- Stand up governance groups and establish appropriate working groups as required.
- Develop design of budget allocation-dependent elements.
- Testing and validation of initial strategies, optimize as needed.
- Allocations issued in May with appropriate wraparound training.
- Design, testing and validation of additional budget framework elements.
Phase III: Comprehensive Training and Launch
August-November, 2026
- Develop and deploy comprehensive training.
- Begin development of transformation in Anaplan and other enabling software.
- Establish reporting tools for transparency and accountability.
Phase IV: Measurement and Optimization
December 2026 and Beyond
- Governance teams to review baseline reports of FY27 impacts.
- Review FY28 expectations and adjust as necessary.
- Build out additional steps as necessary.