Program Cost Tracker Discover academic program costs, revenues, and ROI
Make data-informed resource allocation decisions with a complete picture of program costs
Understanding the true cost of educating students is a complex challenge for higher education leaders. Complicated faculty- and course-sharing arrangements often obscure the financial reality of individual academic programs, making true program ROI difficult to capture.
Hanover’s Program Cost Tracker cuts through this complexity, providing an interactive view of your institution’s specific costs, revenues, and margins. Through a proprietary cost methodology that accounts for your unique cost-sharing model, we unlock the data-driven insights you need to optimize resource allocation, program sustainability, and enrollment strategies.
Transform program cost insights into strategic opportunities
Uncover
Gain clarity on true academic program costs, no matter how intricate your institution’s resource-sharing setup is.
Evaluate
Assess and compare key metrics across programs, departments, and schools to identify both risk areas and opportunities for strategic investment.
Align
Foster institutional buy-in and alignment by sharing clear and transparent metrics with decision-makers, from department chairs to senior leadership.
Optimize
Use objective, evidence-based insights to make difficult decisions regarding program sustainability, resource allocation, and enrollment strategies.
How it works: Program Cost Tracker
Integrate Your Data
Hanover’s experts guide you through collection of the data necessary to capture your unique structure and goals.
Apply Custom Methodology
We apply a proprietary cost methodology, developed by higher education practitioners with hands-on expertise, to reflect the true resource sharing dynamics of your institution.
Visualize & Analyze
Through an interactive dashboard, access and export Snapshot Views for high-level overviews, Comparison Views to spot patterns, and Course Cost Views for granular analysis.
Trusted to drive smarter financial decisions at leading colleges and universities
Turning Financial Insight into Strategic Impact: How UVA Leveraged Program Cost Tracking with Hanover Research
“In partnership with Hanover Research, the University of Virginia School of Education and Human Development (EHD) conducted a comprehensive academic program review to assess viability and financial health. Together, UVA EHD and Hanover conducted a landscape analysis, reviewed teaching activity, and performed a granular cost analysis. This work advanced a long-running need for objective data to inform faculty hiring plans. Hanover’s Program Cost Tracker delivers insights institutions will need to navigate enrollment challenges and reduced federal funding — and to make data-informed decisions about resource allocation.”
—Justin Thompson, Senior Associate Dean and Chief Operating Officer, University of Virginia School of Education and Human Development
Make decisions with confidence, not guesswork
Hanover Research provides high quality, custom research and analytics through a cost-effective model that helps clients in the corporate, education, and healthcare sectors make informed decisions, identify and seize opportunities, and heighten their effectiveness.
Flexible
Ongoing research agenda adapts with your organization’s needs
Expert
200+ analysts with advanced research expertise
Efficient
Annual, fixed-fee model delivers shared costs and benefits
Dedicated
Exclusive account and research teams ensure strategic partnership