Academic Resource Planning
Dimensions of program excellence
The Academic Resource Planning group was charged with:
- Developing analytic tools to evaluate (new and existing) academic program cost and demand, including, but not limited to, data on program-level revenues and expenses.
- Recommending processes and structures for utilizing these performance metrics to drive resource allocation (and re-allocation) to better align academic programs with market demand within an Responsibility-Centered Management (RCM) framework.
This group was tasked with identifying evaluative metrics for gauging program quality at the program level. Financial performance is a key component of this effort, and involves a quantitative effort to extrapolate the logic of RCM at the college level down to the level of the academic department and, where possible, program (major).
The higher education industry and the demand for specific programs is rapidly changing, due to a variety of external factors (increasing automation, new providers and modes of delivery, burgeoning regulation, changing public opinions about the industry). Continually monitoring and seeking to improve program demand, program quality, and program financial sustainability is essential to maintaining Drexel's value proposition and vitality as as educational institution. Greater transparency and consensus about how these assessments are made only strengthen this effort.