Planning and Budgeting for Activities Beyond Core Financials at NAIT

Northern Alberta Institute of Technology (NAIT) offers credit and noncredit programs and apprenticeships. Student enrollment in these classes fluctuates annually, and in the 2014–15 school year, there were:

  • 26,000 students enrolled in credit programs
  • 35,800 individuals registered for noncredit programs
  • 13,800 apprenticeship seats offered
  • more than 21,000 registrants for corporate-based training

One of the institution’s differentiating factors is its student-to-faculty ratio; enrollment plays a large part in the planning and budgeting for programs, classes and staffing. In an effort to better manage its finances, NAIT partnered with Huron to face decreased funding at both the national and province levels.

To prepare for the coming school year, the institution has used Excel to track student enrollment and look for trends. From there, the administration determines which classes students will take and which programs they’ll enroll in. NAIT then staffs the appropriate number of instructors to support the anticipated student demand.

Taking into account NAIT’s business processes and pain points, Huron provided integrated planning and budgeting solutions which included capacity planning in order to help NAIT better anticipate student demand.  The technology pushes boundaries by providing insight into any type of planning, including:

  • course demand
  • course capacity
  • integration with the core business plan

To learn more about NAIT’s integrated planning and budgeting solution, attend our session at HEUG Alliance 2017:

Time

Session

Speakers

Tue, 2/28/2017 at 08:30 AM - 09:30 AM

 

Session #3893: Going Beyond Fiscal Budgeting: A Case Study for Using Hyperion Planning for Program/Course Planning

 

Ida Quamina, Director, Huron

Matt Cain, Manager, Huron

Anita Chalmers, Manager, Financial Planning - Northern Alberta Institute of Technology

 

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