Benefits of Strategic and Long-Range Planning

Scenario modeling and long-range planning tools help colleges and universities develop financial plans aligned to five- and 10-year strategic plans and flexibility to model new projects or economic impacts.

In this new article, Kerry Romine, Director of Strategy and Planning at the University of North Texas (UNT) System, shares six strategies gained through the use of long-range planning tools:

• Cohesive Financial Planning
• Process-Driven Review of Investments
• Ability to Stress Test
• Planning Beyond the Annual Budget
• Focus on Long-Term Fiscal Health
• What-If Analysis Guides Decision-Making