Tue. Jan 25th, 2022

Developing educational research measures is indeed a must for the very reason that these measures are used to check just how effective educational research has been, in terms of performance, quality, and its present state against the goals and objectives of the academic institution involved. This thereby requires the creation and development of KPIs or key performance indicators. By definition, KPIs are quantifiable measures that take note of a company’s present state in relation to the goals and objectives it wants to achieve. These KPIs are then plotted onto a balanced scorecard, a managerial tool that has gained a lot of ground in just about any field in the corporate world. Even the government and hospitals have found a lot of use in balanced scorecards and KPIs. Such use can also be found in the academe, which is why a lot of schools and colleges today are now making use of KPIs to check if they are still operating on the right track.

In the field of educational research, the KPIs to be used should be as complete as needed. This is to ensure that the upper management of the academic institution will be able to utilize them to the maximum benefit. There are actually 4 perspectives that can be used in developing the educational research scorecard, in general. These 4 perspectives should be used as a guide when you are in the process of creating the KPIs that you are going to plot on the scorecard. These perspectives are: external stakeholders, internal stakeholders, business and finance, and growth and innovation.

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One important thing to remember about the creation of KPIs is that not all of data gathered by your team would create great KPIs at all. There are some KPIs that might seem useful but do not really serve any purpose whatsoever. Therefore, you need to choose the KPIs that would make a great addition to the scorecard. To guide you through, you should choose the KPIs that are recent and target-oriented, and they should be based on rates and volume and balanced all throughout. By balanced, we mean that you should have both leading metrics AND lagging metrics. But for guiding purposes, the KPIs that you use could be classified into three: revenue, access, and success.

How large the academic institution is can also be a factor as to which KPIs to use. The larger the institution, the more students it caters, then the more demanding your KPIs and metrics will have to be. There can also be special cases when the classifications used would well exceed the three mentioned above. Other classifications can include transfer rate, student success, volume transfer, volume completion, student access, enrollment yield, online course success, course/program success, basic skills, revenue factors, productivity indicators, and so many more. These KPIs do have their very own purpose as to how they are generally used. But you still need to bear in mind that these can be modified or customized to fit the very nature of your school or college. The bottom line here is that the more customized your educational research measures are, the better they would fulfill their purpose.

By rahul