Resource Allocation, Management and Planning (RAMP)
In support of Western Kentucky University’s Strategic Plan, Climbing to Greater Heights 2018-2028, President Timothy Caboni initiated an inclusive and iterative process that led to the development of a new budget model. A key component of “Our Hill” in WKU’s strategic plan requires the university to implement a budget model that is sustainable, supports institutional priorities that ensure student success, and rewards strategic performance across the enterprise. The fiscal year (FY) 2023 budget marked WKU’s full transition to the Resource Allocation, Management and Planning (RAMP) budget model. RAMP is an incentive-based, all-funds approach that uses the principles of responsibility-centered management (RCM) and is a financial management philosophy that supports decentralized decision-making. It is designed to be nimble and invests in strategic priorities, rewards performance, empowers deans, and enhances academic entrepreneurship.
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