Responsibility Centred Management
In 2014/15, Trent University introduced a new approach to budget planning called Responsibility Centred Management (RCM). It aims to improve financial sustainability by emphasizing the University’s strengths in teaching, research and services; and by supporting and encouraging selected opportunities and innovations. The following discussion provides an overview of RCM and the way it works, explaining the opportunities and benefits of RCM for the University and its various operational units. The implementation of RCM will be a gradual process which will take a number of years to complete. It will be implemented in a way that is sensitive to our fiscal realities and the complexities that arise as we attempt to achieve a sustainable budget in the long term.