SMART Goals (2014-2019)

These previously stated strategic priorities are supported by SMART Goals, which are Specific, Measurable, Attainable, Realistic, and Timely. This section describes the major goals for each priority. Numerical targets are for achievement by FY19, unless otherwise indicated.

1. Grow and Develop the Student Body
   • Increase the undergraduate student population to 4,000.
   • Increase the total student population to 9,000.
   • Achieve a student population on the Mies Campus that is 50 percent undergraduate and 50 percent graduate.
   • Increase year-to-year retention of all students to 95 percent.
   • Increase the undergraduate graduation rate to 75 percent.
   • Exceed the AITU placement average (currently 90 percent per year) for all graduates.
   • Establish and operate an Innovation Center by FY18.
   • Ensure at least one interdisciplinary co-terminal degree offering in all colleges/schools.
2. Promote Innovative Thinking and Excellence Throughout the University
   • Complete the Innovation Center building or develop space on campus for the IC by FY17.
   • Establish a formal structure for technology commercialization, startup support, and student engagement with entrepreneurial enterprises by FY15.
   • Initiate the Teaching and Learning Center by FY17.
   • Increase the diversity of the Category 1 faculty (female members to 100 [+40] and underrepresented minority members to 50 [+35] by FY25 or sooner) to better reflect our undergraduate student body diversity.
   • Continue to increase student diversity to achieve at least 40 percent female and 25 percent underrepresented minorities.
3. Elevate IIT's Visibility and Rankings
   • Ensure that our university is recognized as one of the top 100 undergraduate universities in the U.S.
   • Increase the ranking of all individual units.
   • Implement the IIT marketing plan by FY16.
   • Increase undergraduate alumni engagement measured through their giving from 9 percent to 12 percent.
4. Enhance IIT's Facilities, Infrastructure, and Environments
   • Develop and initiate implementation of a Facilities Improvement Plan for the campus by FY17.
   • Develop and initiate implementation of a Technology Plan for our educational facilities by FY16.
   • Implement a plan to allow for strategic maintenance and renewal of our infrastructure by FY17.
   • Develop finances to allow for $15 million to be spent on IIT's facilities, infrastructure, and environments annually.
   • Ensure that 80 percent of the student body rates their campus experience positively in our survey.
   • Ensure that 80 percent of our staff rates their overall satisfaction as positive in our survey.
   • Develop and implement a campus/community plan to allow for a doubling of student/community interactions at each campus.
   • Increase by 100 percent the number of alumni involved in outreach, partnership with companies, internships, job placement, and university engagement.
5. Develop Resources to Enable Progress
   • Achieve/exceed the campaign goal of $250 million.
   • Grow the endowment to $300 million.
   • Increase tuition revenue by at least 4 percent per year.
   • Increase online and summer revenue by 100 percent.
   • Increase research awards to $60 million per year and research expenditures to $55 million per year.
6. Strengthen All of IIT's Schools/Colleges
   • Increase the undergraduate ranking of engineering to the top 50 in U.S. News & World Report.
   • Ensure the ranking of ID remains within the top three worldwide.
   • Increase the ranking of architecture's undergraduate program to the top 10 in the U.S.
   • Ensure the ranking of finance at Stuart remains in the top five in the U.S.
   • Increase the number of nationally ranked programs in human sciences to three.
   • Improve the ranking of computer science in the College of Science to within the top 100.
   • Accredit programs in the School of Applied Technology by FY17.
   • Ensure that Chicago-Kent has the best bar passage rate in Illinois and Chicago, and increase its national reputation to the top 50.

Each SMART Goal will have an identified leader who will be responsible for the attainment of the goal and have the responsibility and authority to initiate action aimed at goal achievement. The initial set of assignments for the various SMART Goals is provided in the following table: