Gray DI’s Curricular Efficiency Workshop uses data on course-level revenue, cost, margin, and instructional workloads collected in the Economics and Outcomes application to identify high-cost, low-margin, or redundant courses. In a facilitated workshop, faculty and administrators review the course data and use their judgment to identify efficiencies in courses and sections offered. The data may also be used continuously to inform budgets and course schedules.
Sample Workshop Agenda
- Present workshop objectives
- Share program economics approach and findings
- Option: Facilitate Exercises: Assign Breakout groups to “Find $500,000 annual savings.” Assign actual cost reduction to departments, using PES+ Economics, after the workshop
- Option: Identify and agree on practical opportunities to increase curricular efficiency and reduce cost
- Wrap-up: Agree on next steps to achieve efficiencies
Key Workshop Benefits
- Enables data-informed decision-making – avoids cuts that reduce margins
- Reduces cost
- Can include large-group discussion and small breakout groups
- Builds consensus among key stakeholders
- Accelerates implementation by months–or years
- Educates decision-makers for improved budgeting in future years
Additional Services
Pricing Services
Fine-tune your pricing strategies with Value Proposition and Pricing services. Identify a wide range of features–not just price–that your students may seek (e.g., experiential learning). Test each feature and price level to determine how they affect market share, enrollment, net tuition, and margins. Develop strategies that maximize enrollment and margin.
Location Services
Identify prime markets and neighborhoods for new campuses or marketing initiatives. Rank hundreds of markets on student demand, competition, and job opportunities for the specific programs you offer. Use Gray heat maps that estimate potential enrollment by zip code to find the best neighborhoods for a new campus or marketing program.
Program Profiles
Ensure successful program launches with our Program Profiles. The Profiles dive into student demand, job postings, competition, and accreditation. We predict future enrollment and provide benchmark financials so you know program costs and benefits. Get the information your Board will need to approve a new program–and that you will need to ensure its success.