Adding Cost and Benchmarking to Your Program Review
Enhance program quality, align needs with priorities, and ensure consistency with the college's mission through program review. Evaluate qualitative and quantitative data to improve academic programs. Learn why benchmarking costs is crucial and discover sources for national benchmarks. Explore the Cost and Productivity Project for valuable benchmarks at the discipline level. Understand how the project works for data verification and confidentiality assurance.
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Presentation Transcript
Adding Cost and Benchmarking to Your Program Review Michelle Taylor| Senior Research Analyst National Higher Education Benchmarking Institute
Program Review The primary goals of program review are to: Enhance the resources and quality of academic programs by assessing programs strengths and challenges Align academic program needs and campus priorities with the planning and budgeting process and Ensure that program priorities are consistent with the college s mission and strategic plan
Qualitative and Quantitative Data Number of Faculty (Full Time; Part Time; Total) Student Credit Hours by Faculty Type Enrollment by Faculty Type Faculty Name by Type Average Class Size, Completion, and Attrition Course Completion, Success and Attrition by Distance Learning v Face-to-Face Number of Degrees/Certificates Awarded Number of Graduates Transferring Number of Graduates Working in Related Field Expenditures and Revenues Cost per Credit Hour
Why Benchmark Costs? Understanding of costs instructional Align resources and ensure academic quality and fiscal soundness Strategic management decisions Accountability (Trustees, Taxpayers, Accreditors)
Sources of Benchmarks Four sources of national benchmarks provided by the Benchmarking Institute
Cost & Productivity Project Provides presidents, chief academic officers, deans and institutional researchers with benchmarks at the discipline level Instructional costs (salaries and benefits) Faculty workload Class size
How Cost & Productivity Project Works Data verification: logical errors, outlier checks Voluntary project: colleges provide only available data Confidentiality assured
Benchmarks for Planning Cost Per Credit Hour
Benchmarks for Planning Type of Faculty National 61% 61% Institution Institution National 55% 53% 47% 45% 39% 39% Math, General Dev Math Full-time Part-time Full-time Part-time
Benchmarks for Planning Student Faculty Ratio Institution 45 National 36 32 28 Math, General Dev Math
Cost per Credit Hour 51.38 Registered Nursing XYZ College and Peer Institutions A $612 B $402 C $356 D $202 E $188 XYZ $172 F $114 $- $100 $200 $300 $400 $500 $600 $700
Learn More about Benchmarking and Best Practices JCCC.edu/Benchmark
Keep up with the Benchmarking Institute and all of our projects by joining us on LinkedIn and following us on Twitter. @EdBenchmark Join the National Higher Education Benchmarking Institute Group
Michelle Taylor Senior Research Analyst | National Higher Education Benchmarking Institute Johnson County Community College|12345 College Blvd. | Overland Park, KS 66210 Phone: 913-469-8500 Ext. 3831| michelletaylor@jccc.edu http://www.nccbp.org/ https://costandproductivity.org/ http://maximizingresources.org/ http://workforceproject.org/
