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Christine M Keller, Ph D Executive Director & CEO Association for Institutional Research

A Perfect Marriage, Data and Money: Leveraging Institutional Data for the Allocation of Critical Financial Resources. Christine M Keller, Ph D Executive Director & CEO Association for Institutional Research ckeller@airweb.org 2017 APLU Annual Meeting. @AIR4Data. @AIR4Data. Without data,

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Christine M Keller, Ph D Executive Director & CEO Association for Institutional Research

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  1. A Perfect Marriage, Data and Money: Leveraging Institutional Data for the Allocation of Critical Financial Resources Christine M Keller, PhD Executive Director & CEO Association for Institutional Research ckeller@airweb.org 2017 APLU Annual Meeting @AIR4Data @AIR4Data

  2. Without data, you're just another person with an opinion

  3. Association for Institutional Research (AIR) Worldwide association of higher education professionals 4000+ members

  4. AIR exists … ... so that higher education institutions effectively use institutional research - data, information, and analysis for decision support - in a rapidly changing environment.

  5. 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?

  6. IR Use of Finance Data in Past Year Source: AIR Survey, Collaborations between IR and the Business Offices, 2016

  7. How often IR meets with Business Office Source: AIR Survey, Collaborations between IR and the Business Offices, 2016

  8. 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% Areas of Collaboration Institutional Research & Business Office ~25% ~15% ~6% Source: AIR Survey, Collaborations between IR and the Business Offices, 2016

  9. Areas of Collaboration in Past Year & Meeting Frequency Source: AIR Survey, Collaborations between IR and the Business Offices, 2016

  10. How should institutional research and business offices collaborate? Study effect of budgeting decisions on student outcomes Create program viability measures Develop institutional performance indicators Examine cost/benefit of potential new revenue streams Analyze impact of student retention on institution’s financial health Combine financial data with enrollment reporting Source: AIR Survey, Collaborations between IR and the Business Offices, 2016

  11. 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

  12. Learn more: https://events.educause.edu/enterprise-it-summit/2018

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