Business Planning Methodology to Support the Development of Strategic Academic Programs.

Abstract: Higher education institutions are often required to design and deliver a range of strategic academic programmes in order to remain competitive, support growth and ensure operations are financially sustainable. Such programmes may include the creation of new research centres and institutes as well as the installation of major new research facilities. These programmes offer significant academic benefits but can often carry commercial risk associated with the major levels of financial investment that may be needed. There is also the need to develop a compelling case to secure the necessary funding. Consequently, this paper provides details of a management framework based on a business planning methodology, which can be applied to support the development of strategic academic programmes. Adapted from the recognised MSP (Managing Successful Programmes) management process, the framework has been explored as part of a case study investigation of a medical research facility. The case study highlights a number of managerial insights across the people, process, technology and knowledge dimensions that are pertinent to the management of strategic academic programmes. The management framework can be adapted to the needs of other organisations involved in the business planning for such complex initiatives.