The need to focus on both short- and long-term financial sustainability is more important than ever. To efficiently plan and deliver academic programs, colleges and universities must understand the cost of instruction for those programs. Typically, cost is budgeted and analyzed for each academic department. Academic programs, however, typically have students that take courses from multiple departments. How can we get a clearer idea of the cost to support academic programs in addition to academic departments?
In an era of finite resources, institutions must make tough decisions about financial sustainability. To make the best possible, data-informed decisions, institutional leaders want information about the cost of academic programs, enabling break-even analysis, and modeling for enrollment changes.
This service allows institutions, in collaboration with an Ad Astra consultant, to analyze the instructional cost for each program, understand break-even enrollment/tuition levels, and share these insights with campus stakeholders.
Understand required enrollment/tuition levels for each academic program and the impact of enrollment fragmentation
A summary of Ad Astra recommendations based on the instructional cost analyses
Intervention plan, including software and/or process re-engineering, to implement cost-management recommendations in alignment with institutional goals, existing processes, and constituent interviews
Written and oral presentation of findings and recommendations
A compilation of instructional cost analyses, reports, and collateral to aid in implementation
Did you know that we can easily add Cohort Enrollment Health to this service to better make data-informed decisions to manage the academic enterprise? To learn more about how data-informed decisions can enhance your institutional planning and academic schedules, contact us today to start a conversation.
Using the Course Schedule to Strategically
Manage Financial Sustainability
Many institutions are grappling with how to sustain academic excellence in a time of constrained resources. Since academic decisions drive most of the costs and revenue at an institution, course and academic program data are essential for leaders to make strategic decisions about the future. This webinar provides actionable short- and long-term strategies for using the course schedule and academic program data to manage efficiencies while improving student success.