Annual Report 2009 (PDF 2 MB) - Wellington Institute of Technology

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New Strategic Alliance with Metro GroupCapital Intensive Trade TrainingIn mid 2009 we participated in the creation of a new strategicalliance with five other ITPs to form the Metro Group. The grouphad a combined turnover of $462m in 2008 representing 49% ofthe total turnover for the 20 ITPs in New Zealand. The focus of thegroup is on working together to deliver common qualifications,rationalise the number of qualifications offered, and achieveeconomies of scale through shared services.The testing of the collaborative waters was done through theBachelor of Engineering Technology, a degree programmethat was jointly developed by the Metro Group, with the first yearof students starting in 2010. Joining the group was a major andpositive move for us, and it will enable WelTec to act quickly withlike minded ITPs. The Metro Group continues to look aggressivelyfor opportunities to grow both domestic and international incomethrough collaboration.WelTec is one of the largest ITPs delivering trade training in NewZealand. We opened our newest trades facility in May. In thefirst stage of a major redevelopment to consolidate trade trainingat the Petone Campus, we invested close to one million dollarsin a state-of-the-art new plumbing and gasfitting workshopdesigned by Opus Architects and supported by local industryand the Plumbing, Gasfitting, Drainlaying & Roofing (ITO). Theinvestment demonstrates WelTec’s continuing commitmentto being the major provider of trades and technology trainingthroughout the greater Wellington region.In September, WelTec was confirmed as the base for the newlyestablished Wellington Regional Trades Academy, one of fiveto be opened in 2011 throughout New Zealand. Designed toensure the engagement of young New Zealanders in education,the scheme focuses on delivering trade and technologyprogrammes in partnership with secondary schools, tertiaryinstitutions, ITOs and employers.CHAIRPERSON’S REPORTWelTec engineering graduate, Tristan Thomas in the mechatronics production and automation laboratory.WELLINGTON INSTITUTE OF TECHNOLOGY | 2009 ANNUAL REPORT05
CHAIRPERSON’S REPORTThe Trades Academy will allow students to choose from a rangeof subject areas such as Construction Trades, Technology,Engineering, Automotive, Business Retail Services, Hairdressing/Makeup, and Hospitality/Culinary Arts.An expected reduction of some $2.4m in Government fundingfor capital intensive trade training will take effect from 2011 andthis is a major strategic risk for WelTec. Our Chief Executive, DrLinda Sissons, has established a management team to reviewour options – these include growing revenue domestically andinternationally, more intensive and extensive collaboration andrebalancing our programme portfolio with a strong focus ondelivery methods.Flexible Programme DeliveryIn 2009, WelTec achieved an efficiency target whereby 10% of our160 programmes offer students more than one way of accessingtheir learning material. We intend to have 50% of programmesflexibly delivered in 2010. The delivery modes are on site, on lineand at the workplace. Flexible delivery is important educationallyby ensuring the student is effectively connected via the moststrategic delivery modes relevant to the nature of the programmeand the needs of the student.Campus DevelopmentThe Buildings and Finance Committees provided very goodsupport to campus development. Four major projects werebudgeted for 2009 and two projects were delayed by unavoidableplanning issues.The first project, involving the purchase in April of the previouslyleased N Block at Petone for $5.8m, marked the first step inthe consolidation of all trades training on one site. The secondproject involving the planned extension of N Block was held upby consent issues around car parking and work is continuing onnew initiatives to resolve these issues. The third project – theopening of a new plumbing and gasfitting workshop in May isnoted above.Substantial resources and time were committed to planningthe fourth project involving the development of a three way jointventure business in Wellington City with a New Zealand partnerand an international partner. Work on this project, which hascomplex interdependencies, is continuing.Late in the year, the Government announced their asset disposalpolicy, which will enable tertiary education providers to recover atleast 80% of the proceeds from asset sales. This is a very welcomemove and will now enable WelTec to include in our planning thereceipt of sale proceeds from the disposal of three redundant sitesonce all trade training is consolidated on the Petone site.International BusinessThe challenging economic environment meant our internationalenrolments were below the targeted level. Despite this, WelTecenrolled over 430 students (330 EFTS) from over 35 differentcountries. We have commenced work on a strategic review ofour approach to capitalising on the international market.GovernanceThe Council increased its focus on the management of riskfollowing a presentation early in the year by a senior director ofa major New Zealand public company. The International RiskManagement Standard (ISO31000:2009) was used, with externalexpertise, to update existing policies and practices that provide aframework for documenting, assessing, mitigating and monitoringstrategic and operational risks.These changes have led to an improved understanding of riskand risk management by Council and senior management andalso improved reporting. The Council is continuing to refinethe new approach and early in 2010 will formally assess anddocument its risk appetite and communicate this to management.The Council approved amendments to the terms of reference ofthe Chief Executive’s (CE) Review Committee. The amendmentswere based on best practice and input from the State ServicesCommission which approves the CE’s employment conditionsand annual remuneration recommended by the Council.Images from left to right:WelTec Visiting Internship Programme engineering students: Elizabeth Davis (Oregon State University) and Makenna Coe-Smith (Seattle University);Students enjoying activities during WelTec Orientation Week;WelTec international students perform a traditional dance during ‘International Week’ at the Student Hub, Petone Campus06WELLINGTON INSTITUTE OF TECHNOLOGY | 2009 ANNUAL REPORT
Page 6 and 7: In August, the Government introduce
Page 10 and 11: STUDENT SUCCESSThe Tertiary Educati
Page 13 and 14: Advisory Committees 2009ADVISORY CO
Page 15 and 16: STATEMENT OF OBJECTIVES AND SERVICE
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Page 33 and 34: Income StatementFor the year ended
Page 35 and 36: Balance SheetAs at 31 December 2009
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Page 39 and 40: 2009 2009 2008Actual Budget Actual$
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Annual Report 2009 (PDF 2 MB) - Wellington Institute of Technology

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