Final Presentation__WMU1
- 1. WMU Team 1 The Project 2015 Amanda Ahler, Jeff Buckley, Emily Gilpin, Janel Langley, Burhanuddin Plasticwala
- 2. = • Business Case | Stick to the Mitten Program • High-Level Timeline • High-Level Budget | Project Funding • Constraints, Assumptions, and Exclusions • Website Mockup | Marketing Campaign • Success Criteria Agenda
- 3. = • 57% increase in tuition from 2006 to 2012 • Michigan ranks 45th in college affordability • Average debt of college graduates is $28,840 • Michigan spends $2,684 less per pupil than the national average • Nearly 40% of Michigan graduates leave the state for work Can Michigan introduce a program which lowers student debt and increase retention at the same time? Business Case
- 4. = Stick to the Mitten is a program is a two pronged program which will: 1. Lower amount of average student debt 2. Retention of students after graduation The program will: • Reward students with tuition reimbursement • Promote Michigan businesses with tax incentives • Improve Michigan’s economy with retention of qualified and employable graduates Stick to the Mitten Program
- 5. = • Marketing Campaign • Universities • Students • Businesses • Centralized IT Solution • University, Student, and Business Enrollment • State of Michigan Integration • Post go-live project support • First completed cycle of internships Stick to the Mitten Program
- 6. = High-Level Timeline Milestone Date Vendors Selected 7/1/15 Marketing Material Ready 8/20/15 System Integration with State 12/8/15 State Employees Trained 1/1/16 Go-Live of Production System 1/4/16 Tuition Credit Applied to Accounts 9/19/16 Project Close 9/29/16
- 7. = High-Level Budget Budget Amount Planning/Initiation Phase $74,256 Marketing $510,156 IT $366,200 Post Go-live Project Support $193,000 Project Close $1,360 Contingency (10%) $75,000 Total $1,259,469
- 8. = Project Funding Annual Tuition Reimbursement Cost Tuition Reimbursement $22,500,000 Project Management (Year 1) $1,260,000 Total $23,760,000 -1¢ +1¢ Project Funding Total 2012 Education Money $778,400,000 +1% to Education $25,940,000
- 9. = Constraints, Assumptions, Exclusions CONSTRAINTS ●System live by 1/4/2016 ●Juniors at Michigan’s 15 public universities ●Students in good standing with their university ASSUMPTIONS ●Businesses will be motivated to participate ●Project funding will be provided in full upon approval ●State of Michigan will assume control after project close EXCLUSIONS ●Will not include out of state businesses ●Continuing support beyond project closeout ●Limited to $3,000 per student per completed internship
- 10. = Website Mockup
- 11. = Website Mockup
- 12. = Website Mockup
- 13. = Marketing Campaign 15 Michigan Universities
- 14. = Success Criteria SCOPE Connect Michigan businesses and Michigan students TIME Complete IT go-live within approved timeframe COST Zero cost variance from $1.26 million budget QUALITY All documents are approved by State officials RESOURCES Executed in accordance to resource plan RISK Risk management plan for each identified risk
- 15. = Three Measures of Success INTERNSHIPS: 10% year over year increase EMPLOYMENT: 25% increase of graduates hired in Michigan DEBT: Average amount of student loans decreased by 20%
- 16. THANK YOU
Editor's Notes
- #4: 4 out of 5 Michigan residents said improving affordability is a top priority
- #5: DEBT | EMPLOYMENT | INTERNSHIPS Internship Program – Increase number of students working Tuition Reimbursement - Students earn tuition credits towards qualifying internships
- #10: The constraints are: The system needs to be live by Jan 4th in order to get that enrollments during the spring semester for the internships. The program focuses only towards juniors as they are more focused towards their major. Juniors take internships more seriously which would provide a better experience for the businesses which in turn would maintain continuing enrollment with the program. And the students have to be in good standings The assumptions are: We are assuming that business will be motivated to participate based on the tax incentives for the qualified internships. Tax rebate will be write off all qualified internships. Project funding will be provided And state of Michigan will assume control after project close. - if they don’t take control of it then there is additional cost for creating a different infrastructure. So based on the infrastructure that they going to assume at all, use their cost, its already sunk. Its not going to add any more to it. The Exclusions are: This program only includes in-state businesses. Continuing support beyond the project closeout And the project is limited to 3000 dollars per student. Need it live by then so we can start the enrollment and be ready for the career fair Questions: What happens If the project gets delayed? 2) How much can the project be delayed before it impacts the project? It can be delayed 3 weeks so we can hit the career fairs and we don’t want students to miss out on an opportunity to be a part of this great program by getting internships at the career fair and not learning about our program. Career fair are in feb. 3) What if it gets delayed more than 3 weeks? We would need to set up separate events for students that would be specific to stick to the mitten career fair opportunities. We would need to up our marketing and directly contact students. Marketing team is going out to business in the fall so people are enrolling on the paper anyways, so we have a list of companies that are interested. In theory interested companies would tell us what jobs they are hiring for, so we have that info which could be compiled and distributed to all career fairs. And some students who would like to apply for that position, they could still interview, the only thing is it will be on paper until the database is set up. Or alternate solution is What is the hardest part of IT solutions to do? Ans: Connecting with the universities for the tuition reimbursement. The portal is planned to be done first. The risky part here with any delays would be the integration. Final ans to delay question: That is a low risk because we are going to deliver the portal first. The only part that is at risk for getting delayed is the integration with the state. 4) How does this program lower debt by 20%? For those that get internships that didn’t have it before 3000 + 4800 dollars. - 40% leave MI right now. So 60% stay. We will increase that to 75% stay
- #12: 1st Page: Student Home Page 2nd Page: After Login
- #15: Merge these two slides