PROJECTS
Financial Sustainability Strategy for Open Polytechnic, New Zealand
The problem
New Zealand Open Polytechnic’s financial viability and sustainability were at risk in the long-term. The government-owned tertiary education institution had 40 loss-making programs that had low enrollment and threatened its financial sustainability.
How we helped
Castalia recommended terminating 8 programs where the loss in revenue was lower than the costs saved. To achieve this, we reviewed the cost structure of Open Polytechnic’s programs and courses. We assessed the factors that drive costs and identified programs that did not contribute sufficiently to the overhead and fixed costs. We reviewed the level of enrollment in programs and determined the revenue that could be lost if some programs were closed.
Impact
Open Polytechnic acted on Castalia’s advice to optimize its course selection and restructure courses. The 8 programs we recommended for closure are no longer offered at institution and the institution is financially sustainable.
The client
Our team
How can we help you?
How can we help you?
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
Sinclair House, 3 Glenside Crescent
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (0)1 85 64 10 22
3B Rue Taylor
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-121
Colombia
Thinking for a better world.
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia
Thinking for a better world.