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ERIC Number: ED457745
Record Type: RIE
Publication Date: 2001-Jun
Pages: 18
Abstractor: N/A
A Statistically Based Budget Allocation Process. AIR 2001 Annual Forum Paper.
Johnson, Gordon; Baum, Paul
With tighter budget allocations, funding for different university budgets items must be managed more judiciously. Subjective criteria are often used to allocate funds to colleges within a university, with the result that allocation decisions can be based on spending differences that are not statistically significant. A statistically based method of managing spending levels would avoid this problem. A control chart appears to be an appropriate statistical tool if modified to account for size differences among academic departments. This paper proposes a control chart modified in this manner. Such a control chart, modified depending on the level at which it was applied, reduces the impact of political pressures on the budget process since it provides an objective basis for allocating funds and establishing accountability. (Contains 10 references.) (Author/SLD)
Publication Type: Reports - Descriptive; Speeches/Meeting Papers
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
Note: Paper presented at the Annual Meeting of the Association for Institutional Research (41st, Long Beach, CA, June 3-6, 2001).