Student Retention System 1. Project vision and goal 1.1 Project Vision The “Student Retention System of the Melbourne Institute of Technology” project is primarily aimed at reviewing the student retention policies of the organization so as to reduce the rate of student dropout. 1.2 Goal of the project To analyse student data available to the Melbourne Institute of Technology. To review the student retention policies of the university based on the information available from the analysis of student data. To induce a significant reduction in the rate of student dropout. 2. Project Scope The scope of the project includes the following: The integration of the ICT systems that MIT presently utilizes for providing educational resources to the students, namely AMS, MIT Moodle and BigFoot. To collect student information from these sites and analyse them to understand the common causes of student dropout. 3. Project Risks and issues 3.1 Budget/Finance Issue 3.2 Technological Issue 3.3 Schedule Issue 4. Stakeholder analysis with clear identification of roles and responsibilities. MIT itself Project team member MIT students MIT staff 5. Project Expenses: Salaries Description Quantity Cost Total Staff/Faculty title The salary to be paid to the staff 50 8000 $400000 Benefits 23% of the total salaries paid to the staff 50 1840 $92000 Consultation Fee for Consultant (hourly and/ or flat rate) 10 10000 $100000 Total $592000 6. Project Timeline 7. Changes management and communication strategies