Quantrix for Higher Education

BME Solutions work with many University customers that use our products for business intelligence and data analysis.

Quantrix

For Higher Education

A core component of the planning solutions is the student population forecast which is, in turn, a driver of future staff resource requirements and many other aspects of the operational and financial plan. The student forecast module uses a cohort-based model which tracks each student cohort through academic years and the successive years of their course of study.

Customer Testimonials

Bath Spa University

We have found spreadsheets limiting and other products expensive or unable to deliver. Within a few days we developed a basic student planning model in Quantrix which far surpasses anything we have done before.

Education Corporate of America

We have not found any significant issues with any of the models, which is a paradigm shift from our previous spreadsheet based process. I’m really ecstatic with how well it went.

Office of Resource Planning

The National University of Singapore has used Quantrix to develop an integrated long term resource planning model covering all key aspects of university revenue, expenditure, student enrolment and staffing levels.

The student cohort model

Planning Models has partnered with BME Solutions to provide planning solutions for universities and higher education colleges using the software product, Quantrix Modeler. A core component of the planning solutions is the student population forecast which is, in turn, a driver of future staff resource requirements and many other aspects of the operational and financial plan. The student forecast module uses a cohort-based model which tracks each student cohort through academic years and the successive years of their course of study.

Beginner demonstration of student cohort model in Quantrix

The student population is the lifeblood of a university or college. Hence, the student cohort model provides one of the cornerstones of overall operational and financial planning, as indicated below.

University_model_architecture
Quantrix Modeler and student population forecasting

The challenge of forecasting student population in a university or college is ideally suited to Quantrix Modeler. The model required is typically highly multi-dimensional, as it needs to cater for multiple courses of study, subjects, academic years and semesters, course of study years, academic departments and faculties, and demographic segmentation of the student population. It is difficult to handle such multi-dimensionality with a spreadsheet model. Keeping a spreadsheet model in line with changes to such structures can be a big headache. Other planning packages can handle dimensionality but tend to be rather rigid in their approach and expensive to acquire and implement.

Beginner demonstration of student cohort model in Quantrix

Quantrix Case Study

Bath Spa University User story

Quantrix Training

This course is offered by our Partner, Planning Models, please contact us to find out more