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
