Activity-Based Costing (ABC) for Academic Resource Management

Activity-Based Costing (ABC) for Academic Resource Management

December 5 - 7, 2018 | New Orleans, LA

 

Register

Be better equipped to determine the fully loaded costs of your academic resource planning decisions.

Activity Based Costing (ABC) analysis is a decision support tool for academic resource management and related financial decisions.  During this 1.5 day event, you will take an in-depth look at how the model improves decisions on program size, teaching methods, faculty workload, space utilization, staffing and enrollment decisions down to the course level.  Through these applications you will gain an in-depth understanding of data and analysis that can inform decisions about program investment and disinvestment, and the launching of new programs. You will learn:

  • How to conduct an activity analysis and incorporate indirect costs into your cost model
  • Ways to determine the economic impact of course redesign
  • How enrollment mix can influence the costs
  • Effects of unsponsored research and other non-time tabled activities on course and program margin
  • How to build excitement and responsibility for data on your campus
  • How to configure and scale your own ABC model

During the event, you will select a focus area for introducing ABC and learn strategies for piloting your own program back on your campus.

 

Optional Half-Day Workshop: A Budgeting Tool for Improved Academic Resource Management | December 5, 2018

This optional workshop prior to the main conference on Wednesday afternoon is facilitated by Bill Massy, author of the critically acclaimed book, Reengineering the University.  You will work with teams to simulate an analytical approach to budgeting using a beta tool in Excel.  This tool can improve the normally difficult and chaotic process of resource allocation by providing a new level of objectivity and analysis to support constructive budgeting discussions on your campus. Copies of the tool, with operating instructions and descriptive material, will be supplied for take-home use.

 

Get Everyone on the Same Page - Bring Your Team!

This training is designed for teams of academic program leaders, and the financial analysts, business officers, and institutional researchers who wish to support them in the early stages of building a cost model for new and existing programs.

Tiered pricing is available for teams - see registration row below for details.

 

Bonus Webcast Recording Included with Your Registration

This recording will provide you detailed information on the components of the activity-based costing model and how it works and includes an ABC sample teaching tool in Excel that you can adapt to create an ABC model of your own. This is not a prerequisite for the conference, but may be helpful in laying the foundation of ABC.

Two Back to Back Events - Find the Right Level of Training for You

You’ll get the most value from this program if you are further along in the process and ready for advanced levels of analysis.  If you are just beginning the process of program cost analysis, consider attending Measuring Academic Program Cost and Demand for Improved Resource Allocation.

If you have questions about these programs or which would best fit your needs, please reach out to Grace Royal to help determine which program is best for you.

CPE Credits Available

Recommended CPE Credits:

  • 15.5 for conference + workshop
  • 12.0 for main conference only
  • 3.5 for half-day workshop

Program Field of Study: Specialized Knowledge and Applications

Delivery Method: Group-Live

Prerequisites: None

Program Level: Basic

 

Agenda

Wednesday, December 5, 2018

1:00 to 4:00 p.m.

 

Optional Half-Day Workshop: A Budgeting Tool for Improved Academic Resource Management

This optional workshop following the main conference on Wednesday afternoon is facilitated by Bill Massy, author of the critically acclaimed book, Reengineering the University.  You will work with teams to simulate an analytical approach to budgeting using a beta tool in Excel.  This tool can improve the normally difficult and chaotic process of resource allocation by providing a new level of objectivity and analysis to support constructive budgeting discussions on your campus. Copies of the tool, with operating instructions and descriptive material, will be supplied for take-home use.

 


 

Main Conference: Thursday, December 6, 2018

8:00 a.m. to 5:00 p.m.

 

Introductions and Opening Remarks: Call to Action

This opening session will provide an opportunity for you to meet the instructors and share your current challenges that are calling you to action. You will also preview the framework for the event and receive guidance on how you can get the most from the experience.

 


 

Examples of How ABC Informs Academic Resource Allocation Decisions

This session provides an overview of the model and explains why the data are so important for academic resource management. Our expert will illustrate these points using scenarios based on real institutions that have adopted ABC.

 


 

Academic Resource Allocation Scenarios

You will be introduced to scenarios that will illustrate capital planning, staffing, and strategic enrollment decisions, among others that are relevant to what you share in the pre-conference survey. You will work with your peers on a series of real-life decision problem based on recent interviews with model users at eight universities in the United States and Australia.

 


 

Process Considerations for Piloting Your Own ABC Model

This session will guide you through the full cycle of ABC implementation including:

  • Data readiness and building a data culture on your campus
  • Overcoming data integrity and accessibility challenges
  • Organizational structures and talent development to support these initiatives
  • Timeline and planning for a pilot study
  • Building capacity and vendor selection

 


 

Q&A and Wrap-Up

 


 

Main Conference: Friday, December 7, 2018

8:00 a.m.to 12:00 p.m.

 

Day 1 Recap and Review

 


 

Developing your Strategy

We will use this time to address how ABC can be introduced to academic resource managers on your campus. What decisions and decision-makers might be targeted, for example, and how would the case for change be constructed. The objective is to help you develop a strategy for implementing the ideas of the workshop within your unique institutional context.

 


 

Prioritizing your Needs and Planning your Approach

During this time, our experts will be available to consult with you on the possibilities for piloting ABC at your institution. With their guidance, you will better define your strategies, goals, and a potential action plan. You will also have the opportunity to begin assessing your capacity for an ABC project.

 


 

Setting Goals and Action Planning

You will have an opportunity to present your project scope, share your goals, and get feedback from the group and the instructors to inform your action plan for when you return to campus.

 


 

Wrap-up and Final Q&A

December 5 - 7, 2018

New Orleans, LA

Conference Hotel:

Hyatt Regency New Orleans
601 Loyola Ave.
New Orleans, LA 70113
504.561.1234

Room Rate: $189 + tax
Room Block Dates: The nights of December 4, 5, and 6, 2018.
Rate Available Until: November 12, 2018.

Please book early - rooms are limited and subject to availability.

Reserve Your Room: Please call 504.561.1234 and indicate that you are with the Academic Impressions group to receive the group rate.

Speaker

MarkHampton

Mark C. Hampton

Executive Vice President for Strategy and Operations
Washington College

Mark provides high-level, analytically-based, and data-driven advice to advance strategy development and operational efficiency at all levels, and leads and oversees the finance, marketing and communications, facilities, human resources, and information technology divisions of the College.

Read Mark's full bio here.

BillMassy

Bill Massy

Consultant to Higher Education
Former CFO at Stanford

Dr. Massy, an emeritus professor and former officer of Stanford University, has been active as a teacher/researcher, consultant, and university administrator for more than forty years. He holds a Ph.D. in economics and MS in management from the Massachusetts Institute of Technology, and a BS from Yale University.

Read Bill's full bio here.

LeaPatterson

Lea Patterson

President and CEO
Pilbara

Lea’s recent initiatives with Pilbara include working closely with public, private, and community colleges in the United States on designing and implementing activity-based costing.

Read Lea's full bio here.

AnthonyPember

Anthony Pember

Senior Manager, Decision Analytics Service Line
Grant Thornton LLP

Anthony has worked with multiple universities in both the United States and Australia building cost models, performing critical data analysis, and advising clients in areas associated with their cost management and strategic resource alignment needs.

Read Anthony's full bio here.

Half-Day Workshop Only

$395 through Nov 16$495

Learn how ABC provides the inputs needed for scenario planning and how to make financially sustainable and mission-centered decisions.

Main Conference + Free Webcast Only

$1,395 through Nov 16$1,495.00

Be better equipped to implement a university-wide activity-based costing model on your campus.

Can't Attend? Buy the Conference Binder
$295

Purchase the conference binder, which includes all presentation slides, worksheets, action plans, and additional resources.

Note: Conference attendees do not need to purchase materials separately.

Questions About the Event?

Grace Royal
Program Manager, Academic Impressions

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