Impact on Cost Savings

Riverside Community College

Were costs reduced as planned?

The team made four changes to the cost savings plan:

• In the plan, the assumption was made that the ratio of Type I faculty to Type II faculty would be 1:1. In reality, the ratio ended up approximately 2:1 mostly as a result of difficulties in scheduling training for Type II faculty. This resulted in an increase in cost of $9360.
• In the plan, $19,180 was estimated for faculty development and training. The actual amount spent for development and training was $9740, resulting in a decrease of $9440.
• The estimated cost for professional staff was $23,168 but the actual cost was $40,815 due to more staff hours, resulting in a cost increase of $17,647.
• Finally students are now required to hand in portfolios of materials, which are quickly reviewed by faculty teaching each section. This requires about five additional hours per section for a total increase in cost of $9150.

The net result is an increase in cost of $26,717, which translates to an increase in the final cost-per-student from $113 to $121. The actual savings was $85 or a reduction of 41% compared to the planned 45%.

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