A significant amount of time and effort goes into the development of a new program for a college. Unfortunately, the financial aspects of the new program tend not to get as much attention. In today’s environment it is becoming more and more important to ensure any new programs not only break-even but contribute positively to […]
READ MOREThis September 3-4, we will be hosting our Pilbara Users’ Conference entitled “Preparing for Change: Data Driven Decision Making.” The two-day event was created in response to the changes taking place in Higher Education with multiple external factors putting pressure on existing business models, not just in Australia but internationally as well. We are now […]
READ MOREIn my last post I identified that 14% of presidents think their college will close or merge in the next five years. With over 4,000 degree-granting institutions in the US, this could potentially mean that more than 400 colleges are at risk of closure or merging. In this post, Andrew Faulkner and I dig into […]
READ MORESkip the Rapid Prototype and go straight to the Rapid Fully Functioning Model It’s a common situation around the globe for financial analysts working for Higher Education institutions. Some type of looming crisis, major project or big decision requires detailed financial analysis… or as has happened here in Australia, the Government now requires universities to […]
READ MOREThe Critical Course Metric you probably don’t know about Affordability and Financial Sustainability are primary concerns cited by Boards of Trustees of higher education institutions as stated in the latest AGB 2018 Trustee Index. Unfortunately at most institutions there can often be a huge disconnect between affordability (price/revenue) and sustainability (cost/margins). To determine if this is an issue at your institution, just ask this very simple […]
READ MOREIt can be if you know how to calculate the financial impact and develop mitigating strategies… here’s how: “Tuition Freeze” seems to be a headline that’s popping up more and more in higher education news sites in the US. A growing number of institutions are proposing a tuition freeze for 2019-2020, some have had a tuition freeze […]
READ MOREHow can Higher Ed manage fundamental changes to their traditional business model? I was reading this article by Ray Fleming at Microsoft and it got me thinking about the Third Place concept for Higher Ed and in particular, how would an institution investigate the feasibility of establishing or transitioning to a Third Place model. For […]
READ MOREWe were proud to sponsor and support the LH Martin Service Improvement and Innovation Conference down in Melbourne Oct 25 – 26. We were also pleased to assist Ray Fleming from Microsoft with his workshop, where we dug into ways data can support decision making, which we will go through later in this post. The […]
READ MOREOne of the major benefits of having a systemized approach to costing is that you can save an extraordinary amount of time developing reports for a wide range of stakeholders. As an example, our model wasn’t specifically designed to address the Government’s Cost of Teaching requirement but we have been able to create the required […]
READ MOREI’m going to take a different approach with this post today. Many of my posts have focused on the negative things occurring in the Higher Education sector, things like reduction in state and federal funding, more competition for students, reduction in endowments, the end of traditional education as we know it. All doom and gloom, […]
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