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qed

Apr 04
0

Accreditation Fees & Costs – April 2024

By | Resource

Accreditation Costs

There are several facets to the costs of accreditation:
  1. Payments made to the relevant accreditation bodies and comprise a mix of membership fees, accreditation fees and other expenses etc.  These are relatively fixed and easy to estimate (see link below).
  2. Staffing and advisory costs to support accreditation.  These are harder to estimate, and depend on several factors. For example:
    • Will there be an accreditation team with sufficient time and experience to manage the full accreditation process?
    • Are there additional faculty allowances given to accreditation?
    • Will the School require some external input, to support the internal resources?
  3. Investment Costs:  These vary hugely from school to school and naturally depend on each School’s strategic priorities.  Of course, strategic investment costs are not always linked to accreditation: Some strategic decisions will be made regardless of accreditation plans.  Others may only be made as a consequence of accreditation.

QED has listed the costs and fees associated with each of the accreditation bodies (#1 above), valid as of March 2024.  These can be viewed here.

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Feb 22
0

EFMD Programme Accreditation: Updates 2024

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EFMD Programme Accreditation: Updates 2024

EFMD revises the documentation supporting EFMD Programme Accreditation periodically and updates are usually provided in the first third of each calendar year.  QED’s overview of the updates made as part of the 2024 publication, together with an assessment of the significance of the change can be found in this downloadable PDF file.

The 2024 updates are not significant and focus on providing additional clarity and guidance in key areas.

NB: This document represents QED’s interpretation of the EFMD Accredited Updates.  We recommend that you view the updated documents directly – which are available from EFMD’s website

As above, QED’s summary of the updates across the key documents is available in this downloadable PDF file.

 

For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.

Oct 10
5

AACSB State of Accreditation Report 2023

By | Update

AACSB State of Accreditation Report 2023

AACSB’s 2023 State of Accreditation Report has been released. This is the second edition of the online report, and is a very valuable tool for all AACSB Schools.  It provides a summary of trends and insights, based on Schools’ interactions with AACSB during 2022/23 – including Accreditation visit outcomes; insights on the implementation of societal impact; feedback from PRTs in terms of best practices and innovation, as well as suggestions for key areas of focus.

 

AACSB welcomes feedback on the report through stateofaccreditation@aacsb.edu.   In addition, QED is always interested to hear your feedback, which you can submit by clicking the feedback button.

Jul 01
5

AACSB Business Accreditation Standards: Updates 2023

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AACSB Business Accreditation Standards: Updates 2023

AACSB significantly updated its Business Accreditation Standards in 2020.  Since then it issues annual amendments and updates – usually on 1 July.

QED’s overview of the updates made as part of the 2023 publication, together with an assessment of the significance of the change can be found in this downloadable PDF file.

The updates reflect clarification and additional explanation. These should not provide any significant change for schools.

As always, QED recommends that all schools within an AACSB accreditation process (whether initial or renewal) should review and ensure they have understood the changes and clarifications – particularly to ensure the updates do not highlight any potential internal misunderstanding of AACSB principles and standards.

NB: QED’s material represents QED’s interpretation of the AACSB Updates.  We always recommend that you view the updated standards directly – which are available from AACSB’s website in the following formats: 

As above, QED’s summary of the updates across the key documents is available in this downloadable PDF file.

For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.

Jun 01
0

Risk Registers v.2023

By | Resource

Risk management and contingency planning continue to have a higher significance in the context of business school accreditation. More and more, the ability to identify key risk exposure and PRO-ACTIVELY mitigate those risks has become part of ‘best practice’ in any business – including the business of business schools.  Over the last two-three years,  the QED team has seen several ‘shades’ of risk management within business schools – from those institutions with significant risk registers and well-embedded processes for risk management – to those who focus only on financial risk management (and revenues) to one school that stated (quite confidently) that there were no significant risks at all – because they had the ability to teach online and thus could deal with any eventuality!  (We did ask what might happen if there was a power cut or drop in internet provision…?).

We’ve previously summarised the accreditation body requirements for risk management and these are:

  • AACSB (2020 Business Accreditation Standards – Standard 1.2) requires that each School “conducts formal risk analysis and has plans to mitigate identified major risks“. The concept of risk and risk mitigation is embedded in several key topic areas.
  • EFMD ( EQUIS) also addresses the topic of risk and risk management in several standards and criteria. For example, standard 1g) sets out the requirement to “Describe the principal strategic risks that the School faces or may face in the future“. Within Standard 7, it asks for further detail on the risk management system, including expecting schools to describe “…how the School’s risk management is organised and how it is integrated into internal as well as external governance.” A risk register must be included within the Online Document Repository (ODR).

QED has compiled a simple help-sheet that may be helpful for those schools approaching this exercise for the first time.  It provides a simple overview of risk management and an example of a risk management template.  The document is available to download. 

We hope the resouce is helpful.  If you have any comments or questions, just questions, let us know.  We’d be delighted to hear from you.

Apr 11
0

EFMD Programme Accreditation: Updates 2023

By | Resource

EFMD Programme Accreditation: Updates 2023

EFMD revises the documentation supporting EFMD Programme Accreditation periodically and updates are usually provided in the first third of each calendar year.  QED’s overview of the updates made as part of the 2023 publication, together with an assessment of the significance of the change can be found in this downloadable PDF file.

The 2023 updates are not significant and focus on providing additional clarity and guidance in key areas.

NB: This document represents QED’s interpretation of the EFMD Accredited Updates.  We recommend that you view the updated documents directly – which are available from EFMD’s website

As above, QED’s summary of the updates across the key documents is available in this downloadable PDF file.

 

For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.