How to smooth a budget model transition and win stakeholder buy-in

When it comes down to it, the most powerful factors in the success (or failure) of a budget model transition are people. This includes those who are included directly in the effort, and how those who are indirect stakeholders are swung to your cause.

Executives who focus energy on these people early and throughout the process will enjoy a greater chance of rolling out a well-considered—and well-received—new budget model. The ideas presented here can guide senior finance executives shaping their budget model efforts, other members of the finance team seeking to understand when and where their expertise comes into play, and partners from the academy whose participation is also vital to a successful project.

Who you should include in budget model design decisions to maximize buy-in

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This resource is part of the Build a New Budget Model that Advances Your Institution’s Strategic Goals Roadmap. Access the Roadmap for stepwise guidance with additional tools and research.