Establishing a student unit cost is important not only for determining the cost of courses but also for equitable funding of education and training institutions.
However, this is not easy without certain prerequisites having been made.
These include prior implementation of activity based budgeting (ABB) and activity based costing (ABC) including appropriate mechanisms for establishing costs of shared resources including lecture rooms, and lecturers or trainers.
Activity based budgeting and activity based costing are the foundations for determining the student unit cost.
We can either conduct an assessment of what it will take to be able to establish student unit cost. Or we can work with you to put in place systems that will enable establishment of a true unit cost.
Let us know how you want to work with us.