Resource Management Model
Iowa State University (ISU) began the process of transforming its budget process in May 2005. The Resource Management Model (RMM) was formally adopted in January 2007 and implementation is expected July 1, 2008. Information Systems Development is one of the major components in the university RMM implementation processes. The goal of this element is to enhance and modify administrative systems to generate data, transactions and reports to support decision-making and functioning of the RMM. The key milestones are:
- Enhance existing financial systems to report receipt and disbursement of funds to Resource Responsibility Centers and Administrative Support Centers
- Enhance existing budget system to capture revenue projections and expenses at the appropriate level of detail
- Enhance existing financial system to analyze budget to actual revenues and expenses
- Develop programs to support calculation of revenue and expense distributions
The ITS team supporting this project is made up of members from the Financial Systems, Student Systems, Employees & Facilities Systems and Data Warehouse teams of the University Information Systems.
Roadmap
The project plan for the RMM Implementation project identifies specific tasks and timelines required to meet the University's implementation requirements.
Benefits
- Supporting Iowa State University strategic direction to better align revenues with performance and responsibilities, be more dynamic and responsive to a changing economic environment, and bring more transparency to the budgeting process.
- Development of new databases and information systems and the enhancement of existing databases and information systems.
- The Data Warehouse Project was determined essential to the successful implementation of the RMM and lays the foundation for an enterprise-wide data warehouse.
- Systems needed to facilitate the allocation of expense pools and the distributions of revenue to the Resource Responsibility Center are: (1) Tuition Revenue Distribution; (2) IDC Revenue Distribution; (3) Allocation of Expense; and (4) Revenue and Expense Projections.
Leadership
- The Executive Vice President and Provost has directed the Vice Provost for IT and CIO to ensure the support of this institutional priority.
- Departments having the responsibility as data stewards and business process owners have provided requirements to the four UIS teams named above.
Investments
- Reallocation of existing resources having responsibility for the systems identified.
- ITS contribution of machine and resources beyond the budgeted amounts by the sponsoring business processes owners.
Key Links
Contact
- Diane Beckman, Director, University Iinformation Systems, IT Services
