The five-year strategic plan is the roadmap to enhance student success, meet state performance metrics to fund higher education, and fulfill FAMU’s institutional mission as an 1890 land-grant institution dedicated to the advancement of knowledge, resolution of complex issues and the empowerment of citizens and communities.
For the fifth consecutive year, U.S. News and World Reports has named the state of Florida as #1 for higher education. The same publication named Florida A&M as the #1 HBCU in the country. FAMU is rising, and we aspire to even greater heights.
There are several challenges in higher education – increasing competition for the best and brightest students, college readiness among high school graduates, reductions in state appropriated funding, stiff competition for research funds, a growing desire for “free college” and student loan forgiveness, rising costs of IT and security, changing requirements in need-based financial aid and Parent Plus loan availability, and balancing historical missions with outcomes-based funding, to name a few. The strategic planning process will engage in a comprehensive process to explore historical trends, gather data and insights, and take an inside-out approach to developing the 2022-27 strategic plan.
Since the Performance Based Funding (PBF) model was instituted in 2012-13, Florida A&M university has made consistent strides across several metrics. In 2020, the University achieved the highest score on record and received $14.8M from our own investment and $13.3M from the state budget. The University is on track for another banner year in 2021. Still, there is more work to be done.
To develop and recommend the FAMU Strategic Plan 2022-27 narrative, metrics, and key performance indicators, including:
- Mission and vision statement
- Ideal size and mix of FAMU students and academic programs
- Recruitment/enrollment strategy
- Budget modeling approach, including various financial funding/expense scenarios
- Research priorities
- PBF choice metric recommendation
- Approval by Board of Trustees
- Approval by Board of Governors
- Strategic plan must correlate to expected resources
- Focused (fewer, bigger, better initiatives, metrics and KPIs)
- Balance between probable and stretch goals
- • Mission and outcomes-focused
Following are the high-level roles for the strategic plan development: