Competencies relate to identifying future needs for the institution and developing resource allocation plans to meet those needs. Strategic, operational, and financial planning; budget development and management; and financial analysis to support decision making related to optimal use of available resources are key areas of concern. Competencies include:
- Projecting the need for and obtaining resources to carry out initiative
- Budget models and techniques, e.g., types of budgets—zero-based budgets; responsibility center budgeting
- Multiple-year forecasting/simulation techniques/financial planning
- Master planning, e.g., the relationship of the master plan to the institutional vision, mission, and objectives
- Budget document as a communications tool, e.g., publishing the budget internally and/or externally—annual report
- Operating versus capital budgets
- Capital project planning, e.g., feasibility study; selecting and managing project team; financial modeling; programming
- Budget development, management, and oversight
- Identifying internal and external funding sources