Planning cycle
Planning at the University of Oxford
The aim of this section is to provide an overview of the annual planning and resource allocation cycle process; outlining the principles, rationale, objectives and structure of the cycle; and describing the content and timetable of the planning and resource allocation round.
The University's planning framework has been established to fulfil three related sets of objectives:
- Long term strategic planning - whereby corporate objectives are set over a five year time horizon; academic strategy is underpinned by supporting financial, HR, and estates strategies, and strategies for support services. Local strategic planning (divisions, departments and colleges) complements central corporate planning. Plans are subject to a major review once every three years, and are updated as necessary each year.
- Operational planning and budgeting - this has a one year time horizon, setting plans and budgets for the forthcoming year. Operational plans are produced annually and are expected to inform the performance management process.
- Performance management - delivery of plans and budgets are reviewed twice within each year, using appropriate management information and performance indicators; conclusions from in-year performance management can also inform the following year's operational plans, and long term strategic planning review.