The College of Charleston ("CofC") engaged Kennedy & Company over an 18-month planning and change facilitation process to implement a hybridized Performance Based Budgeting (PBB) model that blends RCM and base budgeting elements. This model allows for academic units to financially benefit from credit hour growth or cost reductions (as in RCM) but maintains some central control (similar to a base budgeting model). The PBB went through its shadow year in FY24 and is currently active.
