Using Academic Program Cost Analysis to Improve the Efficiency of Your Department Webcast Recording

Last updated August 19, 2016

Course Length

1h 36m

Last Updated

August 19, 2016

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Using Academic Program Cost Analysis to Improve the Efficiency of Your Department Webcast Recording

Last updated August 19, 2016

Table of Contents

Detecting the Problem of Low Enrolled Courses and Programs
7:12 Closed lock icon
Analyzing the Problem Using the Appropriate Tools - Part 1
20:02 Closed lock icon
Analyzing the Problem Using the Appropriate Tools - Part 2
31:29 Closed lock icon
Communicating the Problem to Multiple Stakeholders and Constituencies
12:34 Closed lock icon
Implementing Solutions to the Problem and Measuring Their Success
25:41 Closed lock icon

Overview

Academic leaders are being called upon to improve the productivity of their operations, but many lack appropriate data and strategic analysis to increase output and reduce costs. Join us to learn how one institution used data-driven evidence to:

  • Determine differential cost per credit hour across a range of departments
  • Examine average revenue, costs, and contribution margin per program
  • Identify specific courses that present opportunities to improve net tuition revenue

Workbooks Included with Registration

During the webinar, you will see examples of spreadsheets to perform breakeven, contribution margin, and trend analysis to better understand the cost structure of your programs and departments. This analysis will help you calculate costs within your department to identify where inefficiencies exist and understand where to start remedying the situation. You will also receive spreadsheet examples of how to perform financial analysis of faculty retirement programs, and how to create a business model for new programs.

Who should attend?

This webcast will appeal to chief academic officers, deans, CFO’s, institutional research directors, school and college fiscal officers, and leaders at all levels who want to deploy faculty resources more efficiently and effectively.

Agenda

  • Detecting the problem of low enrolled courses and programs
    • Asking the right questions to clearly define the problem
    • Understanding the positive and negative aspects of program proliferation
  • Analyzing the problem using the appropriate tools
    • Microeconomic models – analyzing fixed and variable costs to measure the “breakeven point” in students or credit hours
    • Contribution margin analysis
  • Communicating the problem to multiple stakeholders and constituencies
    • Obtaining support you need from senior leadership to implement change
    • Sharing data in a meaningful and compelling way with a diverse audience
  • Implementing solutions to the problem and measuring their success
    • Case study from New York University
    • Retirement incentive programs – financial analysis
    • Pros and cons of using adjunct faculty to deliver courses
    • Deploying faculty into new programs – an online learning business model

Tagged In

Academic Program Planning Leading the Department/Division

$350

 

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Picture of Robert Allan Knight, B.A., M.B.A.

Robert Allan Knight, B.A., M.B.A.

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