Quality is defined through the Florida Quality Evaluation Project in comparison with peer institutions. Measures include student quality, pass rates on licensure exams, faculty publications, grants and contracts, performances and exhibits, national and international awards and fellowships, student and alumni surveys, and so forth. These measures are combined with productivity and cost data in the Bank to arrive at judgments about budget adjustments each year. Colleges receive a Bank reward for excellent performance compared to benchmarked peers or for improving performance. The FSU funding model uses a number of measures to allocate funds among academic units.
Deans provide regular reports to the provost about productivity measures.
A final feature of the plan calls for distribution of incentive and enhancement resources to reward units for special successes in support of specific institutional goals. Cost efficiency will be based on FTE instruction cost and FTE degree cost. The mandated performance measures have been incorporated in the annual budget allocation process for implementation. The University of South Florida is preparing to implement Accountability and Excellence Process to evaluate academic unit productivity. Data on several key performance indicators are compiled from multiple sources.