University costs optimization: practical solutions

Abstract

The article falls under the case category and describes experience of organizing university management, unveils the idea of implemented managerial approaches and technologies, university management practice using the experience of Siberian State Medical University of Ministry of Health of the Russian Federation. The aim of the article is to present the experience and peculiarities of costs optimization in medical universities and description of a set of measures aimed at optimizing university costs. Using SWOT-analysis conducted in the framework of formulating university complex development program authors formulated logical scheme of interaction of university weak and strong aspects, opportunities and external threats. The results of conducted SWOT analysis and detailed study of the current state of affairs allowed for defining perspective aims and objectives of complex development program in each university activities area as well as formulating main development areas. Conducted activities allowed for saving more than 3 % of overall university budget and therefore complex of measures and implemented approach were effective. In the context of limited budget financing and increased competition universities need to be active in optimizing costs and improving their efficacy. The article can be useful for all managers in the field of higher education, particularly those working in the field of medical education.