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Toolkit for Building a Tiered Financial Contingency Plan
This toolkit will help business leaders formulate or update their financial contingency plans with tactics applicable during the COVID-19 crisis and beyond.
Mistakes in COVID-19 strategy
COVID-19 Administrative Cost Containment Playbook
The compendium is a picklist to help executives evaluate and choose the cost containment tactics best suited for their institutions.
Hiring a process improvement professional
Consider hiring a process improvement coordinator to lead the efforts. Explore example job summaries, responsibilities, qualifications, and more.
The Time is Right to Prioritize Administrative Efficiency
To help institutions quickly surface and size meaningful savings opportunities, EAB is launching the Financial Sustainability Collaborative for Administrative and Organizational Effectiveness. Our innovative collaborative model convenes a cohort of institutions to tackle the complex terrain of administrative efficiency and effectiveness together.
8 principles for successful budget model redesigns
EAB has identified eight principles most important to budget remodel success. We recommend that all institutions changing models abide by the principles outlined below–regardless of current model, desired new model, or current point in the change process.
Adapting university office spaces to support flexible work arrangements
Many higher education institutions are embracing more permanent flexible work spaces for administrative and professional services employees. Campus leaders must therefore begin rethinking their office space strategy.
5 Lessons from the Inaugural Financial Sustainability Collaborative
In Spring 2020, we brought together the inaugural cohort of the Financial Sustainability Collaborative (FSC). Thirty institutions gathered monthly and followed a four-month, EAB-created curriculum to confidentially discuss the myriad challenges associated with budgetary and financial perspectives within the academic enterprise.
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Reinventing Higher Ed in the Shadow of COVID-19
Higher Education is reeling from the financial and business model shocks that have been delivered by the coronavirus pandemic. As institutional leaders grapple with addressing the short-term operating issues necessary to keep running, longer-term questions of strategy and viability are taking on increasing urgency.
The Essential Guide to Cost Containment Strategies for Higher Education
As colleges and universities struggle to set budgets for the upcoming fiscal year because of the uncertainty caused by COVID-19, many are looking for concrete guidance on how to reduce operating costs.
