PSU
About
Educational Excellence
Theme 6

Economic Sustainability

Choose a Goal.

Maintain and enhance overall financial strength

Goal 1

Maintain and enhance overall financial strength
Maintain comprehensive and effective risk management, internal audit and assurance framework

Goal 2

Maintain comprehensive and effective risk management, internal audit and assurance framework
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Goal 1: Sustain PSU alignment to national and international quality standards of higher education

Objectives

6.1.1 To strive to grow through increasing student numbers and income

KPIs

S 8.1 Total operating expenditure per student

P.S.8.1 Operating surplus as percentage (%) of turnover

P.S.8.2 Increase in total revenue per staff FTE year-on-year

P.S.8.3 Academic staff expenses to total operating expenses

P.S.8.4 Increase Return on Capital Employed (ROCE)

See Initiatives
6.1.2 To continually review financial management systems and enhance efficiency

NTP 2020 Strategic Objective
Ministry of Education SO 7
Develop creative financing methods and improve the educational system’s financial efficiency

NCAAA Standards
8.1, 8.2

Goal 2: Provide professional development opportunities for academic and administrative leaders

Objectives

6.2.1 To diversify revenue sources to decrease reliance on tuition fees institutional expansion and development

KPIs

P.S.8.7 Income from sources other than tuition

See Initiatives
6.2.2 To manage risks to ensure continued sustainability

KPIs

P.S.8.8 Proportion of identified risks that have been mitigated

See Initiatives

NTP 2020 Strategic Objective
Ministry of Education SO 7
Develop creative financing methods and improve the educational system’s financial efficiency
Ministry of Education SO 8
Increase private sector participation in the education sector

NCAAA Standards
8