I recently interviewed around 50 individuals at several higher education institutions across Australia to better understand what academics and administrators really need to support both their day-to-day as well as big picture decision making. I learned that academics want to be involved in the financial management of their institutions to ensure they are sustainable. This […]
READ MOREProfessor William Massy of Stanford University recently interviewed around 50 individuals at several higher education institutions across Australia to better understand what academics and administrators really need to support both their day-to-day as well as big picture decision making. He learned that academics want to be involved in the financial management of their institutions to […]
READ MOREThe following is a simple example of the type of data that is normally hidden, not purposefully, but rather because it’s simply not captured for easy reporting and analysis. This is from our demonstration model, so it consists of dummy data but is representative of how a university would actually operate. The Power BI report below […]
READ MOREA common issue faced by universities around the globe is improving the retention of existing students. How much should be invested in retaining students? At what point is more money being spent than is being gained by retaining the student? Retention is a hot topic and universities spend a lot of time and effort in […]
READ MOREUniversities are constantly jugging resources – research often brings the rankings and brand while teaching brings the bulk of the predictable revenue. Things will get tougher in Australia under a proposed new CGS funding regime that includes a 2.5% efficiency dividend (which will erode the base funding going forward) and the potential for 7.5% of […]
READ MOREIt is not uncommon for schools to receive pressure to address their low enrollment courses (units). They are told that they shouldn’t be running courses with fewer than, say, ten students in them. There is a myriad of reasons why any individual course should be maintained due to the academic benefits it brings to the […]
READ MOREWe want to provide a series of articles explaining how you can actually use the outputs of the models to manage your universities. This article was written by Michelle Brooke and looks at the Whale Chart for courses as a starting point for analysis. Every university will teach courses (subjects) that contribute positively to the […]
READ MOREThe Problem How can a university allocate its resources, and especially its unrestricted funds, to best serve the academic mission while ensuring financial sustainability? Academic and financial officers find resource allocation difficult and time consuming because universities are extremely complex and highly decentralized organizations, which are driven by mission-based values rather than a financial bottom […]
READ MOREBill Gates recently presented at the National Association of College and University Business Officers (NACUBO) Annual Meeting, where he spoke about America’s greatest asset being the Higher Education system. There were a number of key points that came out of his speech and Q&A session. Dramatic changes are coming to colleges, it’s no longer good […]
READ MOREIn Flanders the recently formed coalition government has decided to cut the higher education budget by 5% and has given the universities two options to absorb this cut: reduce your operating budget by a same percentage or increase student fees to recoup the cut. The latter would effectively mean more than doubling fees from €600 […]
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