State of the Industry

State of the Industry

“…universities need to reform themselves to meet economic, competitive, technological, and political challenges of the 21st century….”

– Professor William F. Massy

THE PROBLEM

  • Reduced state/government funding and ever-rising tuitions
  • Increased competition from new online learning technologies
  • Value and quality of higher education in doubt/questioned
  • Shortfall of graduates to jobs amid growing student population
  • Issues of accessibility to and affordability of education
  • Complexity of higher education institutions obscures “bottom line”
  • Value-based missions and “bottom line”-thinking seem in conflict
  • Traditional university cost models too bulky to build and maintain

RELATED RESOURCES

BOOK

RE-ENGINEERING THE UNIVERSITY

Professor William F. Massy

WHITE PAPER

GUIDE TO MAKING ACTIVITY-BASED COSTING MEANINGFUL AND PRACTICAL

Maria Anguiano

ANNUAL REPORT

THE STATE OF HIGHER EDUCATION IN 2017

WHITE PAPER ADDENDUM

COLLEGE COST MANAGEMENT MODEL

Johnson County Community College

THE SOLUTION

Unlike traditional cost models which are too manually intensive to build and maintain on an enduring basis, our custom cost models are built to support and evolve with the unique business of each college or university.

We extract the large amount of data now commonly available in university systems and link data from major datasets (i.e. finance, human resources, timetables, facilities, student management, research activity and others) via a series of algorithms.

Our technology and analysis provide a complete, transparent view into institutional costs and profitability—and associated implications—at all levels of operations. As a result, decision-makers gain a competitive edge for financial sustainability.