82% of institutions surveyed indicate their budget cycle lasts more than 3 months
Budgets can be time consuming for employees across the institution. Cycle times depend on an institution’s particular circumstances and culture along with external timelines, such as timelines around publishing tuition rates or state funding decisions. Shorter cycles are better as long as they support the iterative priority-setting process of departments, schools, and the institution.
Download this eBook and learn:
- Top three reasons to avoid a lengthy budget cycle
- Recommended budget cycle length
- Four ways to reduce your budget cycle time