University Scorecard with Ready-to-use Key Performance Indicators
To follow the progress of a University, the management team needs to dig out a dependable mechanism for obtaining a holistic view of the way the organization proceeds.
Some of the perspectives which can pay a prominent role in this area relate to aspects like 'Teaching', 'Financial', 'Research and Learning', and 'Internationalization and Diversity'.
Teaching can be evaluated from parameters such as 'Course Completion Index', 'Average Professor: Students ratio' and 'fraction at which higher degree enrolments rose'.
This is to have an overview of the teaching perspective at the university.Financial Perspective is for making available the required amount of monetary assistance and putting these to most useful inlets.
The indicators which can help are '% increase in contingency funds', 'Proportion of total Funds granted by Government which were received by the concerned university', 'Research Income: Operating Revenues' and 'Institutional processes and funding plans implemented'.
Research and learning efforts can be quantified using the KPIs like 'Global level research index', '% of web based courses offered', 'Acclamation Ratio' and '% of students that took part in academic enhancement activities'.
Internationalization and Diversity aspects of the University can be assessed from parameters like 'fraction of total students who are from nations other than the home country', 'Number of participations in International publications and presentations', '% of faculty and staff from diverse backgrounds' and 'International Conference Fraction'.
This perspective is required to take care that the efforts are not done in an isolated manner, rather in an integrated way with the global standards.
Why do business professionals choose ready-to-use KPIs?
Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
- Can a business professional research KPIs on his own?
- How do I avoid typical problems with KPIs?
- Is ready-to-use KPI applicable in my niche?
- Is KPIs' price affordable?
- Can KPIs can be easily integrated in any business environment?
- How can KPIs make the difference to the business?
What are the benefits of University Scorecard metric:
- There are plenty of KPIs related to students' admission and success rate. So, it's easy to measure how well students are doing.
- Financial perspective can offer a variety of KPIs such as cost per student or average expenses per personnel training.
- Faculty and personnel growth are among top indicators in the development and growth perspective.
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More ideas on using University Scorecard KPI
By applying BSC approach in university, one can pull together the various aspects involved in the task and do justice to all of those.
A university is a learning centre that aims at imparting quality education to those enrolled at the place. However, the areas that contribute in developing a conducive environment for attaining the pre-set objective are numerous that compels the management group to initiate a search for 'effective monitoring device'. The 1990s concept by Norton and Kaplan called BSC answered the prayers of those striving for a 'balanced growth' strategy.
This has several related and relevant indicators on it to enable the job of 'quantifying' the aspects involved. One just needs to collect a 'good enough' set of KPIs, assign those the achievable and realistic values and head on for having regular revisions.
By framing a university scorecard, it is possible to count the efforts and attempts being taken by the administration in improving the operations.
Saying it all, one can heave a sigh of relief after getting over with this job of constructing a university balanced scorecard. With solid values and numbers to support opinions and decisions, one surely intensifies his/her chances of succeeding, even in the area of university management.
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University Scorecard Estimation Balanced Scorecard Screenshots
Metrics for Education Estimation
This is the actual scorecard with University Scorecard Indicators and performance indicators.
The performance indicators include: teaching perspective, average professor: students ratio, % of top-school leavers enrolled in the university, % increase in higher degree courses, course completion index, financial perspective, funds allocated to the university: total funds granted by the government, % increase in contingency funds, research income: operating revenue, institutional processes and funding plans implemented, research and learning perspective, global level research index, % of web based courses offered, acclamation ratio, % of students that took part in academic enhancement activities, internationalization and diversity perspective, proportion of total students from foreign land, number of participations in international publications and presentations, % of faculty and staff from diverse backgrounds, international conference fraction.
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