Phases and timeline
Below is a general timeline for project completion. Note that the commencement of the transition to a fully implemented budget model will begin in March 2027.
University community consultations, presentations and discussions will be woven into every phase of development.
|
Phase |
Action |
Timing |
|
Phase 1 |
Explore alternative budget model approaches and make a recommendation to senior leadership |
Completed |
|
Phase 2 |
Finalize governance and implementation structure and populate committees |
Completed July 2025 |
|
Phase 3 |
Design the conceptual model for the recommended approach |
July 2025-Nov. 2025 |
|
Phase 4 |
Model results and develop a transition |
Nov. 2025 -March 2027 |
|
Phase 5 |
Develop tools, improve data quality, complete training and education |
Sept. 2025-March 2027 |
|
Phase 6 |
Model implementation, training and shadow budget |
March 2027 |