An institution conducts ongoing planning and resource allocation based on its mission and goals, develops objectives to achieve them, and utilizes the results of its assessment activities for institutional renewal. Implementation and subsequent evaluation of the success of the strategic plan and resource allocation support the development and change necessary to improve and to maintain institutional quality.
Fundamental Elements of Planning, Resource Allocation, and Institutional Renewal
An accredited institution is expected to possess or demonstrate the following attributes or activities:
- goals and objectives or strategies, both institution-wide and for individual units that are clearly stated, reflect conclusions drawn from assessment results, are linked to mission and goal achievement, and are used for planning and resource allocation at the institutional and unit levels;
- planning and improvement processes that are clearly communicated, provide for constituent participation, and incorporate the use of assessment results;
- well defined decision-making processes and authority that facilitates planning and renewal;
- the assignment of responsibility for improvements and assurance of accountability;
- a record of institutional and unit improvement efforts and their results; and
- periodic assessment of the effectiveness of planning, resource allocation, and institutional renewal processes.