Monday, December 11, 2017

This is how you measure the viability of academic programs - KARLI GRANT, eCampus News

One of the most frequent questions I hear when visiting colleges and universities is, “What about a tool for measuring the viability of our academic programs?” Institutions are seeking greater insight into the true value of programs beyond traditional metrics or accounting methods, especially as budgets continue to shrink and regulatory accountability for student outcomes increases. This is difficult to achieve through traditional higher education accounting, in which revenues, program needs, and student success initiatives are often opaque to each other and treated as discrete functions. To gain greater insight into program and institutional ROI, more institutions are looking at the way businesses use activity-based costing to determine the bottom line value of products and services. The goal is to tie the cost of these discrete functions to the big picture of operational and student success. https://www.ecampusnews.com/campus-administration/viability-academic-programs/