Feasibility Study Services for Higher Ed

Feasibility Studies

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.

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Feasibility Studies

Our work in this area includes:

Forecasting and Projections for New Academic Programs
Feasibility Studies for the Launch of Full Academic Units (e.g., Law Schools)
Enrollment Forecasting to Support New Unit Launches
Operational Cost and Capital Investment Modeling
Financial Modeling and Long-Term Projections
Accreditation Strategy and Support for New Academic Initiatives

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Law School Feasibility Study

University of Texas at El Paso

Kennedy & Company partnered with the University of Texas at El Paso (UTEP) to determine the feasibility of starting a law school. UTEP endeavored to comprehend the operational, accreditation, and financial elements pivotal to successfully establishing a new school. K&Co interviewed stakeholders from UTEP administration and faculty and local community leaders to understand the core mission for a future law school and chart essential resources and processes.