Activity Based Costing Presentation at NACUBO 2016 Montreal

“Using Activity Based Costing to Identify the Cost to Deliver IT Services” will be presented by the University of Illinois at Chicago and WTC Consulting, Inc. during the NACUBO 2016 Annual Meeting on July 18, 8:30-9:45 a.m. in Concurrent Session IV.

What is the best way to determine the cost of IT, generate forecasts, and benchmark against peers?  These questions drove an activity-based costing project by the University of Illinois at Chicago (UIC) and WTC Consulting, which identified 190 Basic Products and Service Elements (BPSE™) in the university’s central IT department.  The elements formed a transparent picture of IT roles, activities, and costs, creating the basis for a new rate and funding strategy that yielded a bundled common services model.  Hear the project leaders describe cost drivers, methodology, rate philosophies, campus engagement, and implementation challenges.  The panel will also address using results to allocate IT costs, evaluating outsourcing targets, identifying cost-cutting goals, and more.

Learning Objectives:

● Learn different rate and funding philosophies that work in higher education.

● Discover that not all metrics for comparison are created equal.

● Find out which decision-making structure builds buy-in from the start.

For more information on WTC Consulting, Inc. visit us in Booth #918 at NACUBO 2016, or visit our website and our blog

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