The resources on this page provide leaders with a framework to approach cost optimization, platform demonstrations and step-by-step guides to apply analyses, and best practice strategies to consider. If you have any questions, please reach out to your institution’s APS dedicated consultant.
COVID-19 has forced academic and financial leaders to make increasingly difficult decisions to sustainably support their institution, students, and instructional staff. Many leaders had previously made decisions to meet projected enrollment and budget. Due to the uncertainty of what the fall 2020 term and beyond will bring, leaders now must re-evaluate these decisions to not only meet unknown enrollment numbers, but also to respond to what is likely a significant budget shortfall.
By using Academic Performance Solutions (APS) data to inform these decisions, leaders can efficiently evaluate their current instructional resource use and reveal opportunities for enhanced efficiencies.
Watch the video below to learn about different ways to approach cost containment.
On-Demand Webinars
Assessing Optional and Non-Essential Academic Expenditures Pt. I
Learn analyses that every institution should consider to ensure their academic resources exclude non-essential academic expenditures.
Assessing Optional and Non-Essential Academic Expenditures Pt. II
We discuss analyses to help institutions assess optional and non-essential academic expenditures, with a focus on optimizing units' mix of instructors and workloads in response to changing student demand.
Assessing Optional and Non-Essential Academic Expenditures Pt. III
In particular, we discuss analyses to help institutions assess optional and non-essential academic expenditures, with a focus on using cost data to identify opportunities to improve efficiency,
Strategies for Revitalizing (and Rightsizing) the Program Portfolio
Learn how to launch annual reviews, provide program leaders with guidance to support improvement or growth.
Redesigning Courses for Virtual Fall Delivery
we kick off the Responding to COVID-19: Harnessing APS Data and EAB Best Practices webinar series with recommendations on how to prioritize courses for redesign
Opportunity Assessment: Uncover Cost Savings Opportunities at Your Institution
The APS Consulting team is creating customized Opportunity Assessments (OA) for Program Sponsors and Owners of interested partner institutions to support scenario planning. The OA follows the tiered approach, and includes customized analyses and highlights areas for potential cost reduction.
Interested in this resource? Connect with your institution’s APS dedicated consultant.
Resources
APS COVID-19 Cost Optimization Playbook
This playbook will help you leverage Academic Performance Solutions (APS) data to uncover potential areas for cost optimization to inform your institution’s COVID-19 planning strategy.
Tiered Approach to Cost Optimization in Light of COVID-19
Although the financial impacts of COVID-19 on the fall 2020 term are uncertain, one thing for certain is institutions are planning for multiple scenarios of what their campus could look like in the future. In every scenario, budget shortfalls are expected. Use this four-tiered framework to help identify cost optimization opportunities.
Support your campus through the pandemic
Get the insights to keep you up-to-date on higher education’s COVID-19 response.
