Frequently Asked Questions
- Why is GW undertaking a budget model redesign process?
GW is updating its budget model to better meet the university's needs and priorities. The new model aims to support GW's educational and research mission, improve planning and investment and encourage collaboration.
- What is a budget model?
A budget model is a framework for managing the allocation of the university’s resources and prioritizing investments towards university goals.
- Are other universities making these types of changes?
Universities nationwide are evaluating their current budget models and adjusting their resource allocation strategies to better align financial decisions with strategic priorities and increase predictability.
- Who is involved in decision making throughout this process?
University leaders, including the President, Provost and Chief Financial Officer, are leading the development of an enhanced budget model for GW with input from Deans, Faculty, Administrative Leaders and Staff.
- Which GW stakeholders have been engaged throughout this process?
University leaders, including Deans, faculty, division leaders, and staff, have been engaged. Throughout the Spring semester there will be opportunities for the campus community to provide feedback and learn more about the budget redesign.
- What is the purpose of guiding principles?
Guiding principles are core values that guide the university's budgeting practices.
- How were the guiding principles decided on?
The guiding principles were developed with input from university stakeholders to reflect GW’s values. For more information on the guiding principles, please see them here.
- What does “One GW” mean and how will the redesigned budget model incorporate a “One GW” approach?
"One GW" means making decisions that align with the university’s mission and emphasize intentional, strategic collaboration.
- How can I track what’s going on with the budget redesign?
Please continue monitoring the budget model website and looking out for announcements about community conversations.
- How can I contribute or get involved in assisting the university with this effort?
The budget model website features a feedback function where you can share your thoughts here. All campus community members are encouraged to provide input. We will actively monitor submissions and incorporate feedback into the redesign process as important themes emerge.