Innovation Task Force

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May 13 and 15

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• The Innovation Task Force has identified and is forecasting $64.7M.

• Identified dollars become available to spend once initiatives are implemented and savings/new revenues are realized.

• We presently have $22M (of the $64.7M identified) in the current FY14 fiscal year university budget. This is the recurring annual amount achieved so far.Identified Available to Spend

(FY14 Budget)

$-

$10

$20

$30

$40

$50

$60

$70

$ in Millions

ITF Funded Investments(Since Inception through FY14)

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Faculty- Educa-tion and Re-search; 31

Re-search & Sup-port; 9

GTAs; 8

Advising; 14

Other; 1

Total ITF FundedHeadcount = 63 Faculty (Teaching)

14 faculty from CCAS

Total Research & Support 15 faculty from CCAS attributed to research 2 faculty positions attributed to new Institutes 3 positions to support new Institutes 2 positions attributed to technology transfer 4 positions to support High-Performance Computing Research start-up & support for CCAS, SMHS, Milken Institute of Public Health, and SEASAcademic Programs

14 advisors (11 to CCAS, 3 ESIA) & Degree Audit Software 8 Graduate Teaching Assistants in CCAS 1 new Program Director

Phase VIII Innovative Ideas

1. Improve Efficiency of Marketing

2. Furniture Reuse Program

3. Student eBooks

4. Self-Service Parking Garage System

5. Reduced Cost of Travel for Training and Conferences

6. Reduce Food Costs

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Improve Efficiency of Marketing

Reduce marketing spend through more collaborative,

centralized and focused spending.

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~$500,000 Benefit/Year

Helps create standardization across the institution ● Leverages our scale in rigorous negotiations

Furniture Reuse Program

Reduce spending on office furniture through a reuse

program. Average annual spends to be

reduced in this manner.

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$300,000 Benefit/Year

Creates an accessible institution-wide system for locating usable spare office furniture ● Serves to strengthen the university emphasis on

sustainability

Student eBooks

Implement an e-Book program that would

allow students to download certain class

text material in electronic format.

Benefits accrue directly to students. No

centralized benefit.

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$250,000 Benefit/Year for Students

Lowers the cost of textbook material for students ● Simplifies the process of ordering and retrieving text material ● Enhances the learning

experience through the use of text material on interactive devices

Self-Service Parking Garage System

Add self service payment kiosks to

certain parking garages.

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~$220,000 Benefit/Year

Eliminates cash handling in garages ● Can allow garages to stay open longer ●

Reduce Cost of Travel for Training & Conferences

Reduce travel costs related to training by

increasing the percentage of training

attended locally. Improve iBuy use to

track exceptions; negotiate preferred

rates and online use for professional credential

requirements Page 9

~$200,000 Benefit/Year

● Modest percentage reduction creates large reinvestment benefit

Reduce Food Costs

Reduce food costs through strengthened policy enforcement,

attention to purchase quantities through

preferred vendors with menu and pricing

controls

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Eliminates waste from over-purchasing

~$200,000 Benefit/Year