Expenditure Review Committee - (ERC) 6
Over the past two decades, OVPIT has constructively financed much of the growth of IT services to IU through the Expenditure Review Committee (ERC) process. ERC is an effective way of establishing pools of funds to invest in new strategic IT services that support the mission of Indiana University. ERC encourages each team within OVPIT to look at which of their services can be repositioned for greater efficiency, operated in a less costly way, or eliminated. The resulting pool of ERC funds returned will then be reallocated to fund strategic OVPIT offerings that go through the DivLead process of submission, evaluation/discussion, and recommendation to the CIO for approval and subsequent funding. As we enter our third decade at UITS, a new ERC, ERC6, will allow us to adapt to new demands and enable the university to continue its mission of education and research.
The guiding principles of ERC6 are as follows:
- ERC is an exercise that focuses on both effectiveness and efficiency. ERC is effective in that it challenges each unit to continually evaluate their services and invest funds into activities that yield the highest return while reducing/shedding services that no longer add value. It is efficient in that it encourages each unit to minimize the resources required to provide the offered service. Both speak to the prudent use of university resources.
- Good management behavior underlies ERC6 and is critical to OVPIT being successful in its mission. Attempts to “game the system” are counter-productive to our success. Practices that benefit the division at the expense of OVPIT as a whole will be detrimental to our progress.
- Administrative departments that support OVPIT will look for ways to eliminate or simplify low-value added activities in an effort to be better stewards of their own budgets. Administrative departments evaluating the ROI of its own activities fit well within the spirit of ERC.
See the links below for additional informaiton and resources related to ERC6.