Institutions embarking on strategic initiatives to launch new academic units or programs must be equipped with data-driven projections for these investments. Understanding the prospective student market, operational and capital costs, and accreditation requirements are key to planning for the implementation of these new offerings. In many cases, these feasibility studies can help serve as an advocacy document to Boards of Trustees or funding authorities to provide accurate forecasts for the investment needed to support high-quality programming in new fields.
OUR APPROACH:
Using data-driven methods such as market and competitive research, statistical modeling, and enrollment forecasting, institutions, academic units, and individual programs can identify the right opportunities for growth. Our feasibility study process often includes surveys of potential students and employers to ensure institutions have a strong and clear perception of program strengths and risks.
OUR FEASIBILITY STUDIES INCLUDE:
- Forecasting and Projections for New Academic Programs
- Feasibility Studies for the Launch of Full Academic Units (e.g., Law Schools)
- Enrollment Forecasts
- Operational Cost and Capital Investment Models
- Financial Projections
- Accreditation Support
