How the impact on faculty can make or break your identified savings initiatives

Topics: Administration and Finance, Cost Savings

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John Workman John Workman, Practice Manager

Across the past several years, institutions have faced state funding cuts, declines in giving and research funding, and increased tuition dependence. The resulting internal and external pressure to shore up costs and operations led some university leaders to work with external consultants to conduct extensive efficiency audits.

To help colleges and universities learn from these initiatives—both successes to emulate and mistakes to avoid—we analyzed consultant engagements and resulting cost-reduction initiatives at 21 distinct institutions.