Christine M Keller, PhD Executive Director & CEO

Transcript:Christine M Keller, PhD Executive Director & CEO:
Christine M Keller, PhD Executive Director & CEO Association for Institutional Research ckeller@airweb.org 2017 APLU Annual Meeting @AIR4Data @AIR4Data A Perfect Marriage, Data and Money: Leveraging Institutional Data for the Allocation of Critical Financial Resources Without data, you're just another person with an opinion Association for Institutional Research (AIR) Worldwide association of higher education professionals 4000+ members ... so that higher education institutions effectively use institutional research - data, information, and analysis for decision support - in a rapidly changing environment. AIR exists … 2016 Survey Collaborations between IR & the Business Office In what types of work does institutional research collaborate with their institution’s business office? How often do representatives from IR and the Business Office meet? IR Use of Finance Data in Past Year Source: AIR Survey, Collaborations between IR and the Business Offices, 2016 How often IR meets with Business Office Source: AIR Survey, Collaborations between IR and the Business Offices, 2016 KPI development/monitoring Finance & Budget modeling Performance-based funding Cost/Benefit analyses Economic impact studies Salary equity studies Net price calculators Student borrowing/debt studies Financial aid modeling Capital expenditure analyses ~35% ~25% ~15% ~6% Areas of Collaboration Institutional Research & Business Office Source: AIR Survey, Collaborations between IR and the Business Offices, 2016 Areas of Collaboration in Past Year & Meeting Frequency Source: AIR Survey, Collaborations between IR and the Business Offices, 2016 Analyze impact of student retention on institution’s financial health Combine financial data with enrollment reporting Create program viability measures Study effect of budgeting decisions on student outcomes How should institutional research and business offices collaborate? Examine cost/benefit of potential new revenue streams Develop institutional performance indicators Source: AIR Survey, Collaborations between IR and the Business Offices, 2016 Example: University of Washington - Bothell Introduction of RCM budgeting IR role Develop tools to show connections among functional areas Training deans, chairs Meet bi-weekly with finance Goal: move from comfort with tools to using what-if scenarios for planning Learn more: https://events.educause.edu/enterprise-it-summit/2018