SOMs are facing revenue stream challenges, including greater competition for grant funding, limited ability to increase tuition, and decreases in state appropriations. This has led SOM executives to evaluate the distribution and use of their limited resources and embrace more disciplined, data-driven approaches to optimize the financing of academic activities.
Moving from a negotiation-based and subjective approach to a defined methodology can yield significant benefits and ensure that resources are aligned with the SOM’s academic priorities. This session examines case studies from the development of resource allocation models at the University of Kansas and the University of Nebraska. The presentation will also discuss industry trends, implementation outcomes, and success factors.