Responsibility Center Management (RCM) is nearing the end of the pilot period (FY18-FY20), and the Budget Advisory Committee has endorsed the continued use of the model pending formal review in FY20. External unit reviews were conducted for four academic units and five administrative units during the 2018-19 cycle. Numerous IT initiatives progressed, including Workday Student, PowerFAIDS, and the implementation of cybersecurity enhancements. Stevens continues to have a healthy fiscal profile. Construction activities commenced for the new Student Housing/University Center project; finishing work was done on the Gateway Academic Center in time for opening for the Fall semester; a new Student Wellness Center was completed; substantial work was undertaken for the interim Student Center; and numerous other renovations and upgrades were made across campus.