ERIC Number: ED356732
Record Type: Non-Journal
Publication Date: 1992
Reference Count: N/A
Cost-Effective Control Systems for Colleges and Universities: A New Paradigm.
Hubbell, Loren Loomis; Dougherty, Jennifer Dowling
This report addresses the issue of maintaining adequate controls within a streamlined or restructured financial affairs environment at an institution of higher education. It presents a new paradigm for control structures designed to more effectively meet administrators' needs--both in terms of cost and risk management. The first section: (1) describes the principles of streamlining, (2) examines the definition of control and its interpretation in practice and suggests a new interpretation, and (3) outlines several examples of institutions currently redefining their operations under these principles. The second section explains commonly used, traditional financial control systems and their frequent contributions in creating bureaucratic conditions of dubious efficiency or effectiveness. The third section examines a theoretical framework for control systems that emphasizes controlling exposure to risk with a minimum of interference in the business process. The fourth section explores the application of this framework to a number of university processes and considers the implications of the suggested control structures on effectiveness, cost, and process management. The fifth section defines critical success factors and offers guidelines for implementing streamlined, risk-sensitive control structures. (GLR)
Descriptors: Change Strategies, College Administration, Colleges, Economic Change, Economic Impact, Finance Reform, Financial Exigency, Financial Problems, Fiscal Capacity, Higher Education, Money Management, Postsecondary Education, Retrenchment, Universities
National Association of College and University Business Officers, One Dupont Circle, Suite 500, Washington, DC 20036-1178 ($29 members, $44 nonmembers).
Publication Type: Guides - Non-Classroom; Reports - Descriptive
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: National Association of College and University Business Officers, Washington, DC.