Academic Program Portfolio Review
A Working Course on Evaluating Majors and Programs Using Demand, Mission Fit, Cost, Outcomes, and Strategic Relevance

Course Overview

Academic program review is often framed as a financial exercise conducted when an institution is already under pressure. Yet a thoughtful portfolio review can do much more than identify programs to reduce or close. It can help an institution understand where its academic strengths lie, where student interest is changing, how resources are being used, and which programs offer the greatest opportunities for growth, collaboration, and renewed investment.

Academic Program Portfolio Review is a four-week working course designed to help institutional leaders develop a balanced, transparent, and mission-centered approach to evaluating their academic programs. Participants will learn how to assess majors and programs across five interconnected areas: market demand, mission fit, cost and resource use, student outcomes, and strategic relevance.

The course combines six concise asynchronous video modules with live instruction, open advising sessions, worksheets, templates, case studies, and practical scoring tools. Rather than relying on a single financial measure or an overly complicated data model, participants will build an evaluation framework appropriate to the size, mission, structure, and available resources of their own institution.

Throughout the course, participants will apply the framework to their current academic portfolio. By the conclusion of the program, each participant or institutional team will have the foundation for a portfolio action plan that identifies programs for investment, improvement, redesign, consolidation, monitoring, or further review.

The goal is not to produce a simplistic ranking of programs. It is to support better institutional decisions by bringing financial realities, academic quality, student demand, institutional identity, and future opportunity into the same conversation.

Who Should Enroll in This Course?

This course is designed for higher education leaders who are responsible for evaluating, supporting, planning, or making decisions about academic programs.
It will be particularly valuable for:

Provosts, academic vice presidents, and chief academic officers
Academic deans, associate deans, and division chairs
Department chairs and program directors
Institutional research and institutional effectiveness professionals
Enrollment management and admissions leaders
Finance and academic operations leaders
Accreditation, assessment, and program-review professionals
Faculty leaders participating in academic planning or shared governance
Presidents and cabinet members at small or specialized institutions
Cross-functional institutional teams preparing to undertake a portfolio review

The course is appropriate for institutions beginning a portfolio review as well as those seeking to improve an existing process. Participants do not need access to a large institutional research office or sophisticated financial modeling system. The course emphasizes practical approaches that can be adapted to the data, staff capacity, and governance structures already available.

Institutions are encouraged to enroll a small team when portfolio decisions involve multiple areas of responsibility. A team might include representatives from academic affairs, enrollment management, finance, institutional research, and faculty governance. Participating together can help institutions establish shared definitions, improve trust in the process, and develop a more comprehensive understanding of each program.

What Participants Will Learn

By the end of the course, participants will be prepared to:

Establish the purpose, scope, and guiding principles of an academic portfolio review
Determine which programs, credentials, or academic units should be included
Identify useful internal and external data without allowing the process to become overwhelmed by data collection
Evaluate market demand and patterns of student interest
Assess the relationship between individual programs and institutional mission
Develop a clearer understanding of instructional cost, resource use, and financial contribution
Examine student learning, retention, completion, and post-graduate outcomes
Identify each program’s strategic relevance and potential for future development
Build a weighted scoring framework appropriate to their institution
Interpret quantitative findings alongside academic and institutional context
Distinguish between programs requiring investment, redesign, consolidation, monitoring, or further analysis
Engage faculty and institutional stakeholders through transparent, shared processes
Translate the review into a practical portfolio action plan

Course Format

The course begins October 1, 2026, and is designed to be completed within four weeks.

Participants will receive:
Six asynchronous video lessons of approximately 30 minutes each
A live course introduction
Two open live advising sessions
Worksheets and guided exercises for each module
Program-review templates
Sample data frameworks
Institutional case studies
A customizable portfolio scoring tool
Guidance for stakeholder engagement and shared governance
Support in developing a final portfolio action plan
One 30-minute individual review session

The asynchronous format allows participants to complete each module according to their own schedules while applying the exercises directly to their institutions. The live sessions provide opportunities to discuss questions, test assumptions, receive feedback, and learn from the approaches of other participating institutions.

Interested in a Custom Session?

We would be happy to develop an Academic Program Portfolio Review course specifically for your institution either online or in-person on your campus and in extended or accelerated timeframes. Contact us at info@chalkandcompass.org to set up a complimentary consultation.

Academic Program Portfolio Review - Individual
$775.00

Academic Program Portfolio Review is a four-week working course that helps institutional leaders evaluate programs through five interconnected areas: market demand, mission fit, cost, student outcomes, and strategic relevance.

Through six asynchronous modules, live advising, case studies, templates, and scoring tools, participants will create an evaluation framework suited to their institution. The course culminates in a portfolio action plan identifying opportunities for investment, improvement, redesign, consolidation, or further review to support decisions that balance financial realities with academic quality, institutional identity, and future opportunity.

Course Format: The course includes six 30-minute video lesson modules (asynchronous), a live introduction, two open live advising sessions, worksheets, templates, case studies, scoring tools, and support in the creation of a final portfolio action plan.

Course Dates:
This course will launch on October 1 with the expectation of completion of all modules within 4 weeks.
Introduction session will take place October 1, 2026 1:00pm CT (also recorded).
Live advising sessions will take place:
October 15, 2026 1:00pm CT and October 29, 2026. (Additional individual advising at the time of your choice may also be arranged.)
One 30 minute individual review session at the time of your choice before November 15th.

Course Terms:
Course is refundable up to 14 days prior to start.

Academic Program Portfolio Review - Institutional Team (Up to 4 Members)
$1,575.00

Academic Program Portfolio Review is a four-week working course that helps institutional leaders evaluate programs through five interconnected areas: market demand, mission fit, cost, student outcomes, and strategic relevance.

Through six asynchronous modules, live advising, case studies, templates, and scoring tools, participants will create an evaluation framework suited to their institution. The course culminates in a portfolio action plan identifying opportunities for investment, improvement, redesign, consolidation, or further review to support decisions that balance financial realities with academic quality, institutional identity, and future opportunity.

Course Format: The course includes six 30-minute video lesson modules (asynchronous), a live introduction, two open live advising sessions, worksheets, templates, case studies, scoring tools, and support in the creation of a final portfolio action plan.

Course Dates:
This course will launch on October 1 with the expectation of completion of all modules within 4 weeks.
Introduction session will take place October 1, 2026 1:00pm CT (also recorded).
Live advising sessions will take place:
October 15, 2026 1:00pm CT and October 29, 2026. (Additional individual advising at the time of your choice may also be arranged.)
One 30 minute individual review session at the time of your choice before November 15th.

Course Terms:
Course is refundable up to 14 days prior to start.

Four-Week Session Plan

Live Introduction: Preparing for a Meaningful Portfolio Review

October 1, 2026 at 1:00 p.m. CT
Live online and recorded

The opening session introduces the course framework and helps participants establish a clear purpose for their review. Participants will consider what decisions the process is intended to inform, who should be involved, what data will be needed, and how the review can be communicated across the institution.

Topics will include:

  • Defining academic program portfolio review

  • Identifying the institutional questions the review should answer

  • Distinguishing strategic review from crisis-driven reduction

  • Establishing the scope and unit of analysis

  • Determining who should participate

  • Recognizing governance, communication, and trust considerations

  • Setting realistic expectations for the four-week process

  • Introducing the final portfolio action plan

Participants will leave the session with a course roadmap and a preliminary statement of purpose for their institutional review.

Week One: Establishing the Framework

Module 1: Defining the Portfolio and Building the Process

Before programs can be evaluated, institutions must decide exactly what is being reviewed and why. This module guides participants through the foundational decisions that shape a credible and useful portfolio process.

Topics will include:

  • Defining a program, major, concentration, certificate, or academic unit

  • Determining the appropriate level of analysis

  • Establishing the review period

  • Identifying institutional priorities and constraints

  • Selecting participants and decision-makers

  • Clarifying the relationship between analysis, recommendation, and final authority

  • Developing principles for transparency and shared governance

  • Creating a manageable project timeline

Participants will complete a portfolio inventory and draft a review charter identifying the purpose, scope, participants, timeline, and intended outcomes of the process.

Module 2: Evaluating Demand and Student Interest

Enrollment totals alone do not provide a complete picture of program demand. This module helps participants examine the full progression from prospective student interest to enrollment, persistence, and completion.

Topics will include:

  • Distinguishing external market demand from internal student demand

  • Reviewing inquiries, applications, admission, deposits, enrollment, and yield

  • Examining declared majors, course enrollment, and student migration between programs

  • Identifying short-term fluctuations and longer-term trends

  • Understanding program demand within specialized or mission-driven institutions

  • Evaluating regional, national, and occupational indicators

  • Recognizing emerging fields and interdisciplinary opportunities

  • Understanding the limitations of labor-market data

  • Avoiding decisions based on a single year or metric

Participants will build a demand profile for selected programs and identify where additional context or data may be needed.

Week Two: Mission, Cost, and Institutional Capacity

Module 3: Assessing Mission Fit and Academic Contribution

Some programs contribute to an institution in ways that are not fully visible through enrollment or revenue. This module helps participants identify and document those contributions without allowing mission to become an undefined exemption from meaningful evaluation.

Topics will include:

  • Defining mission fit in measurable and discussable terms

  • Connecting programs to institutional history, identity, and public purpose

  • Recognizing contributions to general education and other programs

  • Evaluating interdisciplinary and service-course relationships

  • Considering accreditation or curricular dependencies

  • Assessing contributions to institutional reputation and community engagement

  • Identifying programs that distinguish the institution from competitors

  • Balancing legacy, identity, and future relevance

  • Creating a mission-fit rubric

Participants will translate broad mission statements into specific evaluation criteria and assess how programs contribute to the institution beyond their number of majors.

Module 4: Understanding Cost, Capacity, and Resource Use

Program cost is often one of the most difficult and contentious elements of portfolio review. This module introduces a practical approach to understanding financial and operational realities without reducing academic value to a single revenue calculation.

Topics will include:

  • Distinguishing direct, indirect, fixed, and variable costs

  • Understanding instructional cost

  • Reviewing faculty workload and course-delivery patterns

  • Examining class size, section fill, and curricular complexity

  • Considering specialized space, equipment, technology, and accreditation requirements

  • Identifying cross-subsidization among programs

  • Evaluating program capacity and opportunities for more efficient delivery

  • Recognizing the limitations of contribution-margin calculations

  • Asking productive questions when financial data are incomplete

  • Connecting resource decisions to academic quality

Participants will complete a resource profile and identify the primary cost drivers, capacity constraints, and opportunities associated with selected programs.

Open Live Advising Session One

October 15, 2026 at 1:00 p.m. CT

This open advising session will focus on questions arising from Modules 1–4. Participants may bring draft criteria, data challenges, portfolio inventories, program examples, or questions about adapting the framework to their institutions.

Discussion may include:

  • Refining the scope of a review

  • Selecting appropriate indicators

  • Working with incomplete or inconsistent data

  • Comparing programs of different sizes and types

  • Defining mission contribution

  • Interpreting instructional cost

  • Addressing faculty and governance concerns

  • Building an achievable institutional process

Week Three: Outcomes and Strategic Relevance

Module 5: Evaluating Student and Program Outcomes

A healthy program should create meaningful educational value for students, but outcomes must be interpreted in relation to the program’s purpose and the students it serves. This module helps participants develop a multidimensional approach to evaluating program success.

Topics will include:

  • Reviewing retention, persistence, and completion

  • Examining time to degree and curricular barriers

  • Assessing student learning

  • Considering licensure, certification, or professional preparation

  • Evaluating employment and post-graduate pathways

  • Recognizing graduate study, creative practice, entrepreneurship, and public contribution

  • Using alumni and student experience data

  • Identifying equity gaps within program outcomes

  • Accounting for small cohorts and incomplete data

  • Connecting program outcomes to improvement planning

Participants will create an outcomes profile that combines available quantitative measures with appropriate qualitative evidence.

Module 6: Assessing Strategic Relevance and Future Opportunity

Portfolio review should look forward as well as backward. This module helps participants determine how each program contributes to the institution’s future and where targeted investment, collaboration, or redesign may create new value.

Topics will include:

  • Defining strategic relevance

  • Connecting programs to institutional priorities

  • Identifying opportunities for enrollment growth

  • Evaluating curricular adaptability

  • Recognizing interdisciplinary partnerships

  • Considering new audiences, formats, and credentials

  • Assessing opportunities for external partnerships and funding

  • Identifying programs that support institutional reputation

  • Distinguishing temporary challenges from structural concerns

  • Balancing present performance with future potential

Participants will assess the future role of selected programs and identify possible opportunities for investment, redesign, partnership, or innovation.

Week Four: Scoring, Interpretation, and Action Planning

During the final week, participants will bring the five areas of analysis together:

  1. Demand and student interest

  2. Mission fit and academic contribution

  3. Cost and resource use

  4. Student and program outcomes

  5. Strategic relevance and future opportunity

Using the customizable scoring tool, participants will establish institutional weights, document evidence, compare results, and add the qualitative context needed to interpret each program fairly.

The scoring process is designed to organize institutional judgment—not replace it. Participants will consider where numerical results are helpful, where they may be misleading, and how program differences should be addressed.

Each program may then be placed within an initial action category, such as:

  • Invest: Programs positioned for growth or increased institutional support

  • Strengthen: Programs with clear value that require targeted improvement

  • Redesign: Programs that may benefit from curricular, structural, or delivery changes

  • Collaborate: Programs with opportunities for interdisciplinary or external partnership

  • Monitor: Programs requiring additional time, data, or defined performance goals

  • Consolidate: Programs that may be combined with related areas

  • Further Review: Programs requiring deeper academic, financial, or market analysis

  • Teach Out or Close: Programs for which continuation may no longer be sustainable or strategically appropriate

Participants will then begin their final portfolio action plan, identifying recommended actions, responsibilities, timelines, resource implications, governance steps, and measures of progress.

Open Live Advising Session Two

October 29, 2026 at 1:00 p.m. CT

The second advising session will focus on scoring, interpretation, and action planning. Participants may bring completed scoring tools, preliminary findings, difficult program cases, or draft recommendations for discussion.

Topics may include:

  • Weighting the five evaluation areas

  • Interpreting conflicting indicators

  • Addressing programs with high mission value but low enrollment

  • Identifying realistic opportunities for growth

  • Moving from scores to responsible recommendations

  • Communicating findings to faculty and senior leadership

  • Developing differentiated program strategies

  • Structuring the final portfolio action plan

  • Preparing for governance and implementation

Final Portfolio Action Plan

The course culminates in the creation of a practical Academic Program Portfolio Action Plan.

The plan will help participants document:

  • The purpose and scope of the portfolio review

  • The programs or academic units evaluated

  • The criteria, indicators, and evidence used

  • Institutional weights and scoring decisions

  • Important qualitative context

  • Each program’s strengths, vulnerabilities, and opportunities

  • Recommended action categories

  • Immediate and longer-term priorities

  • Individuals or groups responsible for next steps

  • Shared-governance and approval requirements

  • Resource and implementation considerations

  • Measures and timelines for monitoring progress

The final plan is intended to serve as a working institutional document. It can support cabinet discussions, strategic planning, accreditation, budgeting, program review, faculty governance, and future academic development.

Individual Review Session

Each participant or institutional team will receive one 30-minute individual session to review their emerging portfolio framework or action plan.

The session may be used to:

  • Review a completed scoring framework

  • Discuss a particularly complex program

  • Test preliminary recommendations

  • Strengthen the final action plan

  • Prepare findings for faculty, cabinet, or board discussion

  • Identify next steps for a broader institutional process

Individual sessions may be scheduled at a mutually convenient time and must take place before November 15, 2026.



Get In Touch

Interested in learning more?

Fill out this information form to receive a link to a recording of our information session and to be added to the waitlist for our September and future sessions.