Part 1 of 4: Basic Structure and Money Flow
Responsibility Centered Management (RCM) is a budgeting model that has been in existence for decades but more recently has become the preferred budgeting approach for an increasing number of universities. Whether it is because RCM represents a change of significant consequence or because those who use it become vocal advocates, the move to the RCM model often results in deans and other administrators immediately seeking advice and information on its strengths and weaknesses, how it works, how their school might be treated when it is implemented, etc. Addressing these and related questions represents the impetus for this four-part series.