What's the latest with Adaptive Planning (formerly known as Adaptive Insights), Workday Financials' budgeting tool?

As of July 20, all schools and units at UVA have submitted two scenarios of budget revisions with updated centrally provided assumptions for FY21 in Workday Adaptive Planning. Budgets are currently being prepared for EVP and executive review, and schools and units may be asked for revisions ahead of the August 10 deadline for submission of materials to the BOV. On September 11, the BOV will receive UVA's post-COVID revised budget.

This process has featured a lot of learning while doing, with support provided throughout the budget revision process from the Adaptive Insights team, FST training team, Provost Office, and the OFP&A team. As schools and units learned to use planning input sheets and reports, they grew their understanding of Adaptive functionalities and were enabled to plan and understand their budgets in greater detail.

This hands-on learning experience with the FY21 revised budget provides a great foundation for the FY22 Budget Development. The team looks forward to continuing to work with everyone this fall.

Visit the Adaptive Resource page on the FST website.