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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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.

Evaluating Program Economics: A Data-Informed Approach to Strategic Decision-Making in Higher Education

Facing unprecedented financial and demographic challenges, colleges and universities must adopt strategic financial management practices to thrive. Program economics offers a data-informed approach to understanding the revenue and costs associated with individual programs, enabling institutions to make informed decisions. This methodology not only supports financial sustainability but also aligns academic offerings with market demands, helping to attract and retain students in a competitive landscape. Embracing this student-centric approach can provide a crucial advantage in ensuring institutional success.

Academic Program Economic Analysis Can Yield Surprising Finds

Think you know which academic programs are high revenue contributors for your college? An economic analysis will reveal the truth. Don’t risk your institutions financial health on guesses or outdated rules of thumb. Learn how to ensure data-informed outcomes.

Is Your Academic Program Portfolio Missing Economic Analysis?

Having internal and external data is critical when evaluating your academic programs. If your institution looks at external market data for your academic programs, you are halfway there. But to complete a sound program evaluation, you also need to look inward at program economics and academic outcomes.

Use Your Margins to Support Your Mission

Money remains crucially important to not-for-profits, but in a very different way than for for-profits. For universities, it’s a means for mission attainment, whereas it is the overriding objective in business firms. One barrier to the adoption of academic resourcing models is the concern that doing so will “turn the university into a business.” The case against this proposition is very strong, but its demonstration requires considerable explanation.

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