Model for Incentive-based Resource Allocation (MIRA)
The UND Model for Incentive-based Resource Allocation (MIRA) is a decentralized responsibility centered management approach to budget planning. MIRA assigns greater control over resource decisions to deans and directors. Revenue-generating areas are referred to as primary units with most of the institution’s revenues and support costs assigned to them. The model’s underlying premise is that the decentralized nature of the budget entrusts academic leaders with more control of financial resources, leading to more informed decision-making aligned with the One UND Strategic Plan.
Watch this short video to know more about MIRA.