Decision-Making Possibilities with Activity-Based Costing (Webcast Recording)


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What does it cost to offer a course, a service, or an entire degree to students? Understanding the true cost of what your institution offers through Activity-Based Costing (ABC) gives you real numbers to work with and allows you to make better decisions in the short and long-term.

During this webcast you will hear about the decisions that New York Institute of Technology was able to make both before and after implementing ABC, and we will help you to connect what they were able to do to your own institution. You will gain an understanding of how the ABC model works and how you can use it to support decisions in:

  • Capital planning
  • Academic program review
  • Strategic enrollment management

What You Will Get

For those new(er) to ABC, the live session in September will help you understand how Activity-Based Costing could support better decision-making on your campus.  In case you decide to pursue ABC after the webcast, we’ll also include a suite of resources with your registration to help you prepare for implementation:

  • Webcast recording that includes an Excel workbook demonstrating how the ABC model works  
  • Checklist to help you determine if you have the right data
  • Tip sheet of key considerations for different types of implementations, including “build” and “buy” solutions
  • 3 options for piloting ABC before pursuing a full implementation

Who Should Attend

This training is designed for senior academic administrators, financial officers, and institutional researchers interested in data-informed decision-making. Our live session will focus on what your possibilities are available through the ABC model. The additional resource packet included with your registration will give more of an overview and how-to for getting the model up and running at your campus.

Learning outcome

After participating in this webcast, you will be able to start conceptualizing how Activity-Based Costing (ABC) might work on your campus.


Before and After ABC

Before the ABC model, one institution used subjective approaches for facility planning decisions.  After ABC, they now have data to back up those decisions. Learn how you can reduce subjectivity in your decision making.


Cost Structure of Typical Staffing Decisions

You will follow three recruiting decisions and learn the cost/benefit structure of each one, including adding a new faculty line, a student advisor, and a staff line in an administrative unit.  You will learn how to trace the cost and impact of your staffing decisions.


How the ABC Mindset Can Work for You

Whether or not you decide to pursue this level of detail in your cost model, there’s a culture shift when this level of data is shared with academic leaders.  It involves more people in the conversations around factors within their control. You will learn how you can have more productive conversations on campus around the costs of educating students.


Mark C. Hampton, Executive Vice President for Strategy and Operations, Washington College

In his current role, 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.

Before joining Washington College in 2018, Hampton served as Vice President for Enrollment and Enterprise Analytics at the New York Institute of Technology (NYIT), where he developed tools for data-driven decision making and led the enrollment management, planning, assessment, accreditation, and institutional research activities of the Institute. Hampton previously served at Washington College as Vice President for Finance and Administration where he oversaw all finances, technology, facilities, human resources, and business operations. Prior to that, he served as Assistant Vice President for Budget and Financial Planning at the University of Virginia, where he directed the development and implementation of its Academic Division’s operating and capital budgets, and helped lead efforts to develop a new activity-based internal financial model.

Hampton holds a Doctor of Philosophy in Educational Leadership and Policy, a Master of Statistics in Mathematics, and a Bachelor of Arts in Mathematics from the University of Utah.