Name of Program: MS – Business Analytics 2014 - 2015 Program Director: Deborah Kellogg (Acting Program Director) Person Completing Assessment Plan: Deborah Kellogg Date: May 25, 2015 Program's educational goals or objectives: The Master of Science in Business Analytics is designed to: acquire a comprehensive understanding of data, technology, and mathematical models with the goal to produce evidence-based information for business and government decision makers; become proficient users of the latest software and modeling techniques and tools. Student learning objectives: Graduates of the program will be able to: 1. recognize settings or situations that would benefit from the application of Business Analytic techniques; 2. propose an appropriate model or solution method; 3. design solution options using current modeling techniques and tools; 4. evaluate solution options in light of organizational goals; 5. communicate solution options in both technical and non-technical ways. Outcomes Assessment MS-BANA 2014-2015 Page 1 Data Collection and Analysis: The following courses were selected for outcomes assessment this academic year: BUSN 6630 – Management of Operations Two assessments were used in this course. The first was used for all students, which included MBA and MS-BANA students. The second was used just for the MS-BANA students. 1. 2. A case study requiring a spreadsheet model and a memo was used for evaluation. All students were evaluated and students worked independently on this assignment. Assignments were assessed by the faculty member with a rubric. A project, self-defined by the student was used for evaluation. Projects were assessed by the faculty member with a rubric. Nineteen students were used for this evaluation. BANA 6620 – Computing for Business Analytics Final projects from all students were evaluated by the instructor. BANA 6630 – Business Forecasting Student-designed course projects were evaluated. All student projects were evaluated BANA 6640 – Decision Analysis Exam scores from all students. The exam requires students to evaluate real world scenarios using current modeling techniques and tools to help answer the questions of an organization. In many cases, questions are worded in nontechnical ways. Students must then move these to their tools, and they must finally arrive at a non-technical interpretation to provide to organization decision makers. BANA 6910 – Business Analytics Practicum: The entire semester is focused on defining and solving an industry supported problem. Outcomes evaluation is based on multiple deliverables throughout the semester that include documents, models, and presentations. One deliverable was submitted that represented the work of all students. Outcomes Assessment MS-BANA 2014-2015 Page 2 Objective 1: Recognize settings or situations that would benefit from the application of Business Analytic techniques. BUSN 6630: Category Exceeds Expectations Percentage Rubric Situation was appropriate for the application of Linear Programming and was particularly complex and/or creative. Situation was appropriate for the application of Linear Programming Situation was not appropriate for the application of Linear Programming or the problem was trivial. 21% Meets Expectations 74% Below Expectations 5% BANA 6630 Assessment of Objective 1: Category Exceeds Expectations Percentage 60% Meets Expectations 40% Below Expectations 0% Rubric Topic chosen by the student was appropriate for a forecasting project and was notably creative or complex Topic chosen was appropriate for forecasting but of limited creativity and complexity Topic chosen was not appropriate for forecasting techniques BANA 6910 Assessment of Objective 1: Category Exceeds Expectations Percentage 100% Meets Expectations 0% Below Expectations 0% Outcomes Assessment MS-BANA Rubric Topic chosen by the student was appropriate for a forecasting project and was notably creative or complex Topic chosen was appropriate for forecasting but of limited creativity and complexity Topic chosen was not appropriate for forecasting techniques 2014-2015 Page 3 Objective 2: Propose an appropriate model or solution method BANA 6910 assessment of Objective 2: Category Exceeds Expectations Count 100% Meets Expectations 0% Below Expectations Outcomes Assessment MS-BANA 0% Criteria Excellent approach. Simulation model well presented. Significant, meaningful analysis of results. Good approach. Simulation model clearly presented. Acceptable job with the analysis. Problems with the model. Inadequate analysis. 2014-2015 Page 4 Objective 3: Design solution options using current modeling techniques and tools BUSN 6630 assessment of Objective 3: Category Exceeds Expectations Percentage 40% Meets Expectations 45% Below Expectations 15% Criteria Excellent approach. Spreadsheet well presented. Significant, meaningful sensitivity analysis. Good approach. Spreadsheet clearly presented. Some sensitivity analysis. Significant errors. Lack of understanding in relationships. BANA 6910 assessment of Objective 3: Category Exceeds Expectations Percentage Meets Expectations Below Expectations Outcomes Assessment MS-BANA 100% 0% 0% Criteria Underlying model is complex and wellapplied. Application goes beyond ‘textbook’ example. Underlying model is robust, but not complex. More than textbook example. Underlying model is forced and lack realism. Similar to textbook example. 2014-2015 Page 5 Objective 4: Evaluate solution options in light of organizational goals. BUSN 6630 assessment of Objective 4: Category Exceeds Expectations Percentage 31.5% Meets Expectations 31.5% Below Expectations 37% Criteria Organizational goals correctly identified and pros and cons of options linked to goals and final recommendation. Includes discussion on what is left unsolved. Missing one aspect from “Exceeds” category. Missing more than one aspect from “Exceeds” category. BANA 6620 assessment of Objective 4: Category Exceeds Expectations Percentage 50% Meets Expectations 50% Below Expectations 0% Outcomes Assessment MS-BANA Criteria Full database created and explained in both technical and non-technical terms. Excellent use of visuals to understand the database, and how it meets the business needs. Full database created and explained in both technical and non-technical terms. Excellent use of visuals to understand the database, and how it meets the business needs. Some uncertainty about the technical aspects that could use some revisiting to produce a better solution. Database not created to meet business needs. Explanations are not clear for either technical or non-technical user. 2014-2015 Page 6 BANA 6640 assessment of Objective 4: Category Exceeds Expectations Meets Expectations Percentage Below Expectations Outcomes Assessment MS-BANA 32% Criteria Better than 90% on exam 38% Better than 80% but less than 90% on exam. 30% Below 80% on exam. 2014-2015 Page 7 Objective 5: Communicate solution options in both technical and non-technical ways. BANA 6630 assessment of Objective 5: Category Exceeds Expectations Percentage 13% Meets Expectations 73% Below Expectations 14% Criteria Analysis well developed and presented, numerical support, clear managerial implications to consider. Implementation considered. Clear recommendation, supported by numerical findings Recommendations unclear or missing. No support. Poorly presented. BANA 6630 assessment of Objective 5: Category Exceeds Expectations Percentage 80% Meets Expectations 20% Below Expectations 0% Outcomes Assessment MS-BANA Criteria Executive summary contained appropriate nontechnical summaries of the project and outcomes: non-technical language appropriate for upper-level management, recommendations for action and specific forecasting results. Mostly free of grammatical or other presentation issues. Executive summary contained only at most two of these three: non-technical language, recommendations, and forecasts. Most free of grammar/presentation problems. Executive summary contained extensive technical information (i.e., not writing to a nontechnical audience). Focus for upperlevel management reader was inappropriate. Contained either multiple grammar/presentation errors or failed to specify the numerical values of the forecasts. Recommendations were absent or inappropriate. 2014-2015 Page 8 BANA 6910 assessment of Objective 5: Category Exceeds Expectations Percentage 100% Meets Expectations 0% Below Expectations 0% Outcomes Assessment MS-BANA Criteria All communication (written and presentation) contained both technical and nontechnical summaries of the project and outcomes All communication (written and presentation) contained only nontechnical “executive summaries” of the project and outcomes and mostly free of presentation errors. All communication (written and presentation) contained only nontechnical “executive summaries” and contained presentation errors (spelling, grammar, failure to meet “executive summary” guidelines provided by the instructor) 2014-2015 Page 9 Aggregated Data over all assessed courses: Objective 1 2 3 4 5 “Exceeds” 60% 100% 70% 38% 64% “Meets” 38% 0% 23% 39% 31% “Below” 2% 0% 8% 22% 5% Interpretation of the Results: Both individual course and aggregate data meet the goal of having 75% or better meeting or exceeding learning goals. BUSN 6910, the practicum course does present an assessment dilemma. Only one “deliverable” is produced by all students. To date, the industry contacts that provided the business problem and the instructor believe that the work exceeded expectations. It was, however, a group effort. The area has decided not to eliminate that work from the outcomes evaluation process as it does provide valuable information. It may, however, skew the results. Percentages were computed without that course and the goal of 75% or better meeting or exceeding learning goals was still achieved. Objective 4 was newly added this academic year. There is no previous year’s data for comparison, although the percentages are lower than for other objectives. Note: The old Objective 4 became Objective 5. The communication skills in the Objective 5 are assessed but not really taught in this program. Thus, we wished it to be the last of the objectives. However, it is important to assess these skill as we need feedback on whether we need to add learning material for these skills. Feedback and Use of Information: No major changes are indicated. Based on outcomes data, this year we added Objective 4 to better evaluate students at the high performing level of learning (metacognition.) This year two classes began to implement assessments in this area. This year’s data suggests that we need better differentiation between Objective 4 and 5. We also need to continue to develop assessments and rubrics for Objective 4. Last year’s goal of updating program goals and learning objectives to better reflect the new focus of the “Business Analytics” program name was complete. Over the next year we need to carefully map the learning objectives to the existing and new courses and include additional courses in the assessment effort. A goal for next year is to include more of the new or re-vamped Business Analytic course in the assessment process. Outcomes Assessment MS-BANA 2014-2015 Page 10