Presentation on theme: "Report on the Fall ’07 ABET Board Meeting"— Presentation transcript:
1Report on the Fall ’07 ABET Board Meeting Arnie Peskin, IEEE Representative Director, ABET Board of DirectorsNov. 17, Boston, MA
2ABET Annual Meeting 75th Anniversary Event Program was much better than usual, i.e. :Todd Nissen, US Trade Representative (on accreditation and globalization)Charles Vest, Pres. of NAE, past pres. of MIT (on attributes of future engineers)
3Board Meeting--- Major Topic Was Financials ABET Reserves are perilously low (estimates are from under $100k to $191k projected year-end).ABET Leadership team expect to add an additional $177k in 2008.Have made operational changes in financial managementNo imminent cash-flow problem.Goal is to reach goal of 30% reserves within next three years.
4Details added in Executive Session The numbers are not confidentialMy opinions are not confidentialSpecific causes and remedies may be.
5How did this happen?IEEE has been warning ABET of this danger for at least two years.Budgets are set early, changed capriciously during the year.Systemic flaws in budgeting, reporting and analysis.Transitions to new model & software mishandled.
6Actions Now Being Taken $350k in additional expense reductions and revenue increases identified for 2008.Changes to forecasting and reporting.Staff consolidation due to attrition.
7Longer Term MeasuresStrategic and governance issues, current structure ineffective.Staff changes, new external auditor.A management consultant will be retained in 2009.
8Reaction of the BoardMixed: some see a crisis, others are more ambivalent.IEEE/CSAB Directors are skeptical that the worst is behind us.EAB should be prepared for an assessment increase despite assurances to the contrary.
9Other Major Issues Board Operations Task Group PAVE International Accreditation
10Board Operations Task Group Staff has partially implemented the prior recommendations on transparency and engagement.They expect full implementation in the coming year.Next interim Board teleconference scheduled for Feb. 6, 2008
11PAVE Society survey and Society Summit helped capture best practices. PEV Training fully implemented; usable application expected this yearShould go into maintenance mode within one year.Financial ramifications: there are additional economies to be derived by scaling down training plans
12International Accreditation Full implementation is ramping up.Trend is to blur the distinction between domestic and internationalBut apparently this is not a culprit in budget shortfall.
13Other Noteworthy Actions Liabilities associated with the word ‘safety’ in EAC criteriaNCOSE voted onto ABET Board with shared responsibilities in Systems Eng.ABET will levy a fee for Observer attendance at meetings.Establishment of an ABET Foundation to support special projects
14BODSkip Fletcher new ABET President; Joe Sussman new President-electBruce Eisenstein succeeds Arnie Peskin as IEEE DirectorDeparted from custom by conducting some business before adjournment
15Report on Strategic Management Initiative Governance, Globalization and EducationJust getting organizedDeveloping guiding principles and postulating possible outcomes
16Likely Strategic Outcomes Add academic and industrial Board representation, yet making Board smallerEstablish authentication and portability of credentialsAccommodate alternative course delivery systems.The future of campus visits???
17Next Meetings Inter-meeting teleconference, Feb. 6 Next meeting scheduled for March 28 in BaltimoreMay be cancelled in favor of another teleconference as a cost saving
18Personal Reflections This is a critical moment for ABET ABET would have been far worse off without the activism of IEEEABET is worth preserving.