FY23 Strategic Plan and Budget Report

APPROVED 08/18/2022
EXHIBIT IV: WIG Trends
FY22 WIG 1 :
3 YEAR GOAL
PERFORMANCE
TREND
Return the graduate count from 3,257 in fiscal
year 2019 to 3,238 by fiscal year 2022.
In the fiscal year 2021 Strategic Plan, TSTC
reported the goal of returning graduate counts
to 2019 levels would be delayed. The impact of
COVID reduced the student cohorts of fiscal year
2020 and 2021, impacting TSTC’s 3 and 5 year
plans.The downstream effect of COVID’s impact
on these cohorts is illustrated in the 2022 and
2023 revised trajectory in the figure below.
In Spring 2022, leadership and the Board
asked the question: “What internal & external
factors influence the sustainable competitive
advantages that drive the TSTC strategy?” After
months of analysis and deliberation over TSTC
past, present and future state, and that of higher
education and industry partners, TSTC and the
Board renewed the strategic plan by way of this
proposed report. While graduate counts will
remain relevant to placing more Texans in great
paying jobs, TSTC will focus its efforts on the
quantity and quality of students found working.
Please refer back to The Plan on page 6 of this
report for more information on the proposed
2023 and 2025 goals.
WIG 1: Student Success
Performance Trend & Forecast
Actuals
2021 Original Forecast
2022 Revised Forecast
2023 Revised Forecast
Wig Goal
3,549
3,065
3,257
3,145 3,164
3,238
3,035
3,382
3,106
3,334
3,250
2,949
3,046
2,844
3,057
2,838
2,792
2,808
2016 2017 2018 2019 2020 2021 2022 2023 2024
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STRATEGIC PLAN & BUDGET REPORT