Optimize the acquisition and allocation of human, technological, financial and physical resources.
Background
Our plan for significant and strategic growth, as outlined in our NYSUNY 2020 proposal, has been addressed directly in these priorities and in our Road Map strategic plan. Growth has its challenges and benefits; if done well it can make us better, but if done poorly it can cause hard-to-repair damage.
Our goal under NYSUNY 2020 was to grow by 2,000 students, or approximately 13 percent — but this did not necessarily mean that all areas of the University had to grow at the same pace. During this time of growth, we thought wisely about each expenditure and investment of time, money and other resources. At times, we needed to add support staff faster in some areas and more slowly in others. Simultaneously, we had to maximize our use of technology to achieve gains in efficiency. Thus, the allocation of new human, technological, financial and physical resources (people, information technology, money and space) was distributed carefully and strategically. The implementation plans prepared by the divisions and the execution of those plans carefully considered the need to use and distribute these resources in an optimum manner.
Moving forward, Binghamton University must continue to work to maximize the acquisition of new resources, including money, space and partnerships. We must be diligent as we recruit and obtain these resources, and we must then manage them well, since the external competition for these scarce resources is high. These resources include state support through the SUNY allocation process; direct, legislative state support; tuition revenue; federal appropriations; research revenues; funds generated by housing and dining services; philanthropic support; and other revenue opportunities through the Binghamton University Foundation. Vice presidents, deans and departments that own these resources must use them wisely to meet goals they have set and to enable their areas and the University as a whole to achieve the established Strategic Priorities.
Goals & Metrics
Goal: Binghamton University has the financial resources necessary to achieve the University's goals
Metric
Revenue per Annual Average Full Time Equivalent (AAFTE) Student
What/How
Calculated as (State Support + Tuition)/AAFTE Student
Why
Measures level of adequate level of financial resources to achieve the mission
Target
$10,500 by 2020
Metric
% of Alumni Giving
What/How
% of Undergraduate Alumni Giving
Why
Measures level of alumni commitment
Target
10% by 2020
Goal: Binghamton has faculty and staff resources that ensure a premier educational experience
Metric
Student / Tenure Track Faculty Ratio
What/How
Full Time Equivalent (FTE) Student/ Full Time Equivalent (FTE) Tenure Track Faculty
Why
Measures quality of instruction and student satisfaction
Target
25 by 2020
Metric
Student / Faculty Ratio
What/How
Full Time Equivalent (FTE) Student/ Full Time Equivalent (FTE) Faculty
Why
Measures quality of instruction and student satisfaction
Target
18 by 2020
Metric
Faculty Attrition Rates
What/How
Calculates the % of faculty that have left the University, excluding retirements
Why
Measures job satisfaction and the University's ability to retain faculty. Since a healthy organization needs some turnover, the target is an optimum, not a maximum.
Target
4.00%
Metric
Staff Attrition Rates
What/How
Calculates the % of staff that have left the University, excluding retirements
Why
Measures job satisfaction and the University's ability to retain staff. Since a healthy organization needs some turnover, the target is an optimum, not a maximum.
Target
5.00%
Goal: Binghamton has the technological resources of a premier public university
Metric
Faculty/staff satisfaction
What/How
Annual survey to measure student/ faculty/staff satisfaction with technological services
Why
Assures that the campus continues to meet the technological needs of the campus community
Target
90.00%
Metric
Student satisfaction
What/How
Annual survey to measure student/ faculty/staff satisfaction with technological services
Why
Assures that the campus continues to meet the technological needs of the campus community
Target
90.00%
Goal: Binghamton University has the physical infrastructure of a premier public university
Metric
Facilities Condition Index
What/How
FCI = Immediate Renewal (Repair) / Current Cost of Replacement
Why
Life cycle modeling which identifies capital investment needs
Target
7% by 2020