Benchmarking for Sustainability Video Resource

Secure Your Institution's Future: A Program Economics Session for Higher Ed Leaders

Benchmarking your program economics is critical!

It is the only way to understand how your program and course economics compare to your peers. With external comparisons, you can identify which academic areas are highly efficient, and where there is opportunity for improvement. Gray DI has been growing our benchmarking database for a number of years and we are excited to share with you some of the hidden insights we have uncovered.
 
Learn how to:
  • Optimize resource allocation to manage costs
  • Develop data-informed strategies to improve revenue generation
  • Position your institution for long-term sustainability in a challenging higher education environment.

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Stop Cutting Programs: A Smarter Approach to Cost Reduction in Higher Education

Facing financial challenges? You’re not alone. Many institutions are struggling to increase revenue and reduce costs, and traditional cost-cutting measures like program cuts often do more harm than good. These cuts fail to consider the complex web of revenue generators and resources within an institution. By gaining a deep understanding of program economics, colleges and universities can identify hidden opportunities for growth, optimize faculty workload, and make strategic adjustments that ensure long-term financial sustainability.

What Does it Really Mean to Cut a Program?

When financial pressures rise, colleges and universities often consider cutting academic programs to balance budgets—but is this truly effective? Cutting a program can seem like an easy solution, yet the financial impact is complex, with potential enrollment and revenue losses that may outweigh the savings. Explore the nuanced economics of program cuts, using a real-world example to reveal how revenue, costs, and contribution margins intersect. Discover why a data-informed approach to evaluating program economics is crucial for making strategic, sustainable budget decisions.

Benchmarking for Financial Vitality in Higher Education: Beyond Cost-Cutting

Meeting the financial and educational demands of higher education today requires a careful balance of efficiency and quality. Benchmarking data enables institutions to make informed decisions that optimize costs, foster growth, and ensure student success. By analyzing cost per student credit hour, identifying growth opportunities, and implementing targeted cost reductions, higher education leaders can position their institutions for a sustainable future, supporting both fiscal health and educational excellence.

Maximize Your Faculty Resources

Discover how thoughtful faculty allocation can unlock greater efficiency and elevate student success. By comparing Contemporary University’s current faculty distribution with industry benchmarks, we uncover ways to redeploy full-time faculty across course levels, optimizing cost-per-student-credit-hour and boosting outcomes. Discover how benchmarking data can drive strategic, student-centered resource planning for impactful results.

Uncovering Hidden Economic Opportunities: Cost per SCH

Is your institution maximizing resources, or are hidden inefficiencies draining your budget? Discover how optimizing cost per student credit hour (SCH) can unlock major savings. Through a case study of Contemporary University—a fictional institution with over 13,000 students—this guide outlines four steps to reveal financial efficiencies, from benchmarking against peers to optimizing course scheduling. Learn how Gray DI’s PES Economics and Outcomes software can help improve resource allocation and drive long-term sustainability, showing how small adjustments can lead to substantial impacts on financial health.

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Benchmarking Program Economics: Improve Efficiencies in a Challenging Higher Education Environment

Amid rising costs and declining enrollments, institutions find that benchmarking program economics is a fiscal lifeline.This strategy uncovers cost-saving opportunities, optimizes resource allocation, and reveals hidden cost drivers. By comparing your program and course economics to peer institutions, you can identify efficiency opportunities and ensure strategic resource use for growth and sustainability. Discover how a data-informed approach, accessible to all key stakeholders, transforms resource management and empowers institutions to thrive.

Have questions or just want to connect? Reach out to info@www.graydi.us/