IX. Strategic Area 6: Institutional Resources

Objective 1: Maintain Financial Stability

Implement Financial plan reflecting PSY strategy

Diversify income streams

Actions by Initiatives

Implement Financial Plan Reflecting PSY Strategy

Deviation percentage (positive or negative) of expenditure and income from the budget (measured monthly, quarterly, per semester and annually)

Percentage of self- income of the institution to total income (KPI-I-14)

% of achievement for each source of income to budget

Actions by Initiatives

Enhance/Upgrade the Technological Solutions to Support Academic and Administrative Operations

• Develop and implement digital transformation to accelerate administrative operations performance.

• Maintain data and system security to ensure high performance.

• Improve the website presence by implementing search engine optimization best practices.

• Improve the quality and equipment of the lecture rooms and computer labs to ensure high quality of teaching and facilitate the interaction with students.

LEAD: DEPT. CHAIR

OTHERS: DEAN/MF

LEAD: MF

OTHERS: DEAN/DEPT. CHAIR

• Maintain the financial planning and management control system, with capabilities to perform budgetary and forecasting processes, financial delegations and risk management.

Diversify Income Stream

• Develop, implement, and evaluate Revenue diversification strategy.

Objective 2: Improve PSY Services (IT & Facilities and Equipment)

Enhance/upgrade the technological solutions to support academic and administrative operations

KPI-I-15 Average of beneficiaries’ satisfaction rate with technical services...) on a five-point scale in an annual survey in terms of: a. Suitability. b. Safety and confidentiality. c. Availability and ease of access. d. Maintenance and support services.

% of fulfillment of facilities and equipment of the needs for the department

LEAD: DEAN QA

OTHERS: DEAN/DEPT. CHAIRS /MIETS

Optimize the Use of Facilities and Equipment to Achieve Safe, Healthy, and Sustainable Campus

• Revise and update Master Campus Plan to ensure its alliance with PSY needs (including vacant land parcels) and to maintain compliance with Ministry of Education Bylaws.

• Annually review campus building and facilities to meet the emerging needs of academic and administrative units.

• Establish a smart campus deployment plan to maintain best practices in a sustainable and healthy campus infrastructure.

• Upgrade current campus facilities with the emerging needs of students.

• Annually review campus building and facilities to meet the emerging needs of academic and administrative units.

• Establish a smart campus deployment plan to maintain best practices in a sustainable and healthy campus infrastructure.

• Upgrade current campus facilities with the emerging needs of students.

Risk Management

The following table indicates the key risks associated with each strategic recommended area and a corresponding mitigation plan for every risk:

Topic Risk Mitigation Plan

Improve Institutional Infrastructure

Optimize the use of facilities and equipment to achieve safe, healthy, and sustainable campus

Average of beneficiaries’ satisfaction rate with facilities and equipment services on a five-point scale in an annual survey in terms of: a. cleaning services b. Safety and healthy campus c. access for disabled d. Maintenance and support services e. security f. restaurant, CDC, residence g. transportation

LEAD: DEAN QA – SES & PES

OTHERS: DEAN/DEPT. CHAIRS

Untenable financial demands for new technology commitments

Long-term benefits to the PSY should be clearly communicated before taking capital decisions

Prioritization and smart allocation of funds based on more lucrative opportunities Strong faculty and staff resistance to new solutions related to buildings and grounds on philosophical or other grounds