Charge to Revenue Re-Engineering Task Force
NYU has embarked upon a very important effort to re-engineer its administration so that better service can be provided to faculty, administrators, staff and students on a highly cost effective basis. This endeavor addresses not only the needs of the University to achieve more of its ever-growing aspirations for academic excellence, but also the desire by society that the academy be more responsive to societal concerns about cost escalations.
While the primary charge to the other four task forces in this re-engineering effort is to focus on improved processes that usually lead to reduced costs, the Revenue Re-Engineering Task Force will focus primarily on the income generating capacity of NYU. Previous NYU efforts that focused on revenue included the "W" Committee, which originated the "Spring in New York" program and helped to foster the more recent "Winter Session" intensive mini semester. Thus, efforts to create new revenue sources have proven successful, and the Revenue Re-Engineering Task Force is charged to explore all reasonable opportunities to increase net revenue for the University.
More specifically, the Revenue Re-Engineering Task Force will:
- Review NYU's current revenue sources including tuition, fees, endowment, gifts, sponsored research, government appropriations, campus services, royalties and other support, and compare them to peer schools as a percent of total operating budget.
- Identify reasons for categorical income differences between NYU and its peer schools in enough detail to suggest methods by which NYU may increase both its net revenue and proportional share of revenue from a given source.
- Assess if NYU's tuition revenue is adequately balanced by semester and special academic session throughout the entire school year. If tuition revenue is not well balanced, suggest ways to improve the situation.
- Determine whether NYU facilities - public space, academic facilities, sports facilities, retail rental properties, parking, and faculty and student housing - are optimized to produce both user satisfaction and revenue during the year.
- Evaluate NYU's intellectual property policies to determine if they create adequate incentives for both faculty members and the University. Determine if there is adequate communication of these policies and whether or not the working environment is conducive to optimizing the development of faculty inventions.
- Identify any reasonable source of additional or alternate revenue for the University. This could include an assessment of the appropriateness of existing fees and pricing, improved use of real estate assets, creation of new billable services or saleable products, and so forth.
The Revenue Re-Engineering Task Force has issued its final report. A link to the report is provided below. The Task Force values your feedback, and welcomes comments. Please use the Feedback button to fill out the form. Comments will be accepted through August 15, 2009.