Date: Thursday 11 March 2021
Time: 2.00 - 3.00pm
As society adjusts to the new post-COVID reality, HEIs face the challenges of shifting student demand for academic areas, new delivery channels, changing government funding policy and a renewed focus on quality and value. Responding to these challenges demands the ability to understand the financial (revenue and margin) and non-financial (strategic context, quality, societal purpose etc) outcomes from all academic activities. From a financial point of view the key challenge is how best to apportion the fixed and variable costs that are necessary for university operations, but are not easily attributed to individual teaching or research activities, which is needed to provide a true view of the total financial performance of each programme and research activity. Financials outcomes are however only one lens and measuring the value courses bring within the university overarching strategic and societal contexts are also key.
Using both historic approaches from Higher Education and current cross-industry leading commercial practice KPMG have developed a new methodology to give a detailed data-led view of the portfolio across the whole institution and a clear link to both financial and non-financial success. This enables informed decision making on not only what is taught but how and by whom to whom. It can also form the foundation on a new business as usual approach to portfolio planning and budgeting across the entire estate.
Joining instructions will be send a little nearer the time.
Tagged : Procurement
Type : Training
Please contact info@hepa.ac.uk for more information