Program Review for Business Technology: Management
Program Review Framework & Criteria
I. Connection: From interest to application (Qualitative, program head and dean)
1) Please provide a description of any changes to the program since the last cycle and the appropriate updates to the catalog (general education changes, program requirement changes, ancillary program costs for students, hours/credits of credentials, etc.).
This program review covers the two non-transfer associate degree (AAS) business programs at P&HCC. The programs are under the "Business Technology" umbrella and are Business Technology: Major: Management (Management AAS) and Business Technology: Management Specialization Entrepreneurship/Small Business (Entrepreneurship AAS). The most significant change that has occurred since the last program review is, with the retirement of Dr. Nancy Phillips, there is no longer a full-time faculty member serving as the primary instructor in the program. However, Ronald Carter teaches some courses in the program and serves as the primary advisor based on his strong business background. Another full-time faculty member, Julie Meador, teaches some courses in the program and may expand her involvement in the program in the near future.
From a curriculum perspective, there have been a few changes since the last review. The BUS 290 - Coordinated Internship class has been replaced with BUS 202 - Applied Management Principles due to problems working students had finding time to secure the required hours for the internship. In addition, two other changes have occurred within the associate degree curriculum, both due to Transfer Virginia courses being added to the business administration curriculum. BUS 240 - Intro to Business Law replaced BUS 241 - Business Law I. MKT 201 - Intro to Marketing replaced MKT 100 - Principles of Marketing. Both of the new course will now be taught in the transfer and non-transfer business programs. In addition, the Culinary and Hospitality AAS program was discontinued.
2) How do students find out about the program? Please provide examples of advising activities, marketing materials, or other outreach and engagement events designed to recruit students to the program.
Previously, the program’s lead faculty would attend high school visitation days and present the program information to students. In addition, the program lead would have an information table at the SEED/Parent night to promote the non-transfer program. At the present, there are no specific marketing activities. However, active marketing of the program will resume when decisions are made related to the program structure, the curriculum, and the program title.
II. Entry: From application to pathway entry (Qualitative, program head and dean)
1) Please provide a description of your program credentials and how they stack into one another.
The two AAS degree programs are Business Technology: Major: Management and Business Technology: Management Specialization Entrepreneurship/Small Business. Each of those programs currently has 62 credits in it. The 31-credit General Business Certificate stacks into Management AAS, as do the 28-credit Management CSC and Supervision CSC. The 28-credit Entrepreneurial and Small Business Management CSC stacks into the Entrepreneurship AAS.
Questions for consideration:
1.a. What is the employability (or transferability) of each credential?
The non-transfer business degrees are designed to be versatile for employment purposes. Many of our students are currently employed and utilize the degree to augment their standing and responsibility with their current employers. In addition, while the degrees are characterized as non-transfer, we do have an articulation agreement with Gardner-Webb University for our AAS degrees to be the springboard to transfer into their business program. We have had institutional discussions with Radford about a similar process and in are similar discussions with Ferrum College.
1.b. Do all credits from a sub-credential transfer into the parent credential?
All credits from a sub-credential transfer into a parent credential.
1.c. What is the timeframe of completion for all credentials within the program (i.e. is the program setup to award sub-credentials prior to the parent credential)?
The two AAS programs can be completed over two years (four semesters). The General Business Certificate can be completed after the second semester. A student who only wants to attain the CSCs can complete them in two semesters. The CSCs can be obtained over the last two semesters of the two-year degree program for students seeking an AAS degree. The primary reason for that is that the CSCs focus on substantive content instead of the general education requirements that are predominant in the first two semesters of the associate degree programs.
2) Program enrollment, if applicable, disaggregated by specialization (Quantitative, IE)
The Entrepreneurship AAS program has increased in both FTE and headcount. The Management AAS program has decreased in both FTE and headcount. Entrepreneurship has surpassed Management and has the more heavily enrolled programs. The certificate program and all CSCs are low-enrolled.
a. Annual program FTE and HC over the last review cycle (To include SCHEV program ratios and SCHEV class ratios)
Code |
Program |
2022-2023 |
2021-2022 |
2020-2021 |
2019-2020 |
||||
HC |
FTE |
HC |
FTE |
HC |
FTE |
HC |
FTE |
||
212-01 |
Management |
17 |
9.23 |
19 |
11.80 |
15 |
8.67 |
30 |
17.63 |
212-06 |
Entrepreneurship/Small
Bus |
29 |
18.97 |
23 |
16.53 |
25 |
18.63 |
16 |
10.37 |
221-212-12 |
Entre. & Small Business Mgt |
9 |
4.00 |
3 |
1.50 |
4 |
1.93 |
|
|
221-212-25 |
Supervision |
1 |
0.03 |
|
|
|
|
2 |
0.83 |
208 |
General Business |
8 |
4.00 |
5 |
3.00 |
2 |
1.57 |
1 |
0.40 |
212-08 |
Culinary &
Hospitality Mgt |
|
|
5 |
2.43 |
5 |
3.57 |
5 |
4.10 |
221-212-19 |
Career Studies
Certificate in Management Assistant |
|
|
|
|
|
|
1 |
0.40 |
Total |
64 |
36.23 |
55 |
35.27 |
51 |
34.37 |
55 |
33.73 |
See discussion in the section above.
III. Progress: Pathway advancement (Quantitative, IE)
1) Student learning outcomes data
Business Technology: Management AAS | |||||||
Year | Outcome | Assessment | Course | Criteria | Benchmark | Data | Action Plan for Next AY |
2020-21 | To gather,
interpret, and disseminate financial info |
Final Exam |
FIN 207 | C or higher | 80% or higher | 93% (15 of 16 students) met the criteria | Review assignments related to finance requirement |
To demonstrate acceptable workplace skills and attitudes | Internship Evaluation | BUS 290 | 4 or higher | 100% will achieve criteria | 91% (11 of 12 students) met the criteria | Instructors to explore the idea of placing all documents into digital format to ease the burden on students and advance partnerships with sponsors | |
To synthesize fundamental business concepts into a real world plan | Market Analysis Project | MKT 260 | C or higher | 80% will achieve criteria | 72% (13 of 18 students) met the criteria | To better align with course objectives, the Market Analysis Project will encompass customer service objectives and will now be a Market and Customer Service Plan, reflective of synthesizing customer service business outcomes into a real world plan. | |
2021-22 | To
gather, interpret, and disseminate financial info |
Final
Exam |
FIN 207 | C or higher | 80% or higher | 86% (13 of 15 students) met the criteria | Adjustments to create hyflex approach to meet distance requirements |
To demonstrate acceptable workplace skills and attitudes | Internship Evaluation | BUS 290 | 4 or higher | 100% will achieve criteria | 66% (4 of 6 students) met the criteria | Adjustments to create hyflex approach to meet distance requirements | |
To synthesize fundamental business concepts into a real world plan | Market Analysis Project | MKT 260 | C or higher | 80% will achieve criteria | 100% (6 of 6 students) met the criteria | Adjustments to create hyflex approach to meet distance requirements | |
2022-23 | To
gather, interpret, and disseminate financial info |
Final
Exam |
FIN 207 | C or higher | 80% or higher | 86% (18 of 21 students) met the criteria | Continue strategies from the previous year |
To demonstrate acceptable workplace skills and attitudes | Internship Evaluation | BUS 290 | 4 or higher | 100% will achieve criteria | 100 % (3 of 3 students) met the criteria | Continue strategies from the previous year | |
To synthesize fundamental business concepts into a real world plan | Market Analysis Project | MTK 260 | C or higher | 80% will achieve criteria | course not offered | Continue strategies from the previous year | |
2023-24 | apply the principles of financial accounting | Test 2 | ACC 211 | 75% or higher | 75% or higher | ||
define key terminology associated with microeconomics | Test 3 | ECO 202 | 80% or higher | 70% will achieve criteria | |||
apply the key principles associated with macroeconomics | Test 3 | ECO 201 | 80% or higher | 70% will achieve criteria |
Students have consistently met the student learning outcomes benchmarks. With changes in the curriculum, new SLOs will need to be created.
2) Program credit attainment (15/12 in one semester, 30/24 for those who enrolled in two consecutive semesters)
Row
Labels |
N |
AY 2022-23 |
|||
One |
Two Consecutive |
||||
12 |
15 |
24 |
30 |
||
212-01 - Management |
17 |
6 |
2 |
2 |
2 |
212-06 - Entrepreneurship/Small Bus |
29 |
5 |
1 |
4 |
9 |
212-08 - Culinary & Hospitality
Mgt |
2 |
0 |
0 |
1 |
0 |
221-212-12 - Entre. & Small Business Mgt |
9 |
3 |
0 |
1 |
1 |
221-212-25 - Supervision |
1 |
0 |
0 |
0 |
0 |
208 - General Business |
8 |
1 |
1 |
2 |
0 |
Row
Labels |
N |
AY 2021-22 |
|||
One |
Two Consecutive |
||||
12 |
15 |
24 |
30 |
||
212-01 - Management |
19 |
5 |
1 |
3 |
2 |
212-06 - Entrepreneurship/Small Bus |
23 |
5 |
3 |
9 |
1 |
212-08 - Culinary & Hospitality
Mgt |
5 |
0 |
2 |
1 |
0 |
221-212-12 - Entre. & Small Business Mgt |
3 |
1 |
1 |
0 |
0 |
208 - General Business |
5 |
3 |
0 |
1 |
0 |
Row
Labels |
N |
AY 2020-21 |
|||
One |
Two Consecutive |
||||
12 |
15 |
24 |
30 |
||
212-01 - Management |
15 |
1 |
3 |
1 |
2 |
212-06 - Entrepreneurship/Small Bus |
25 |
3 |
4 |
9 |
3 |
212-08 - Culinary & Hospitality
Mgt |
5 |
0 |
0 |
1 |
2 |
221-212-12 - Entre. & Small Business Mgt |
4 |
0 |
0 |
1 |
0 |
208 - General Business |
2 |
0 |
0 |
1 |
0 |
Row
Labels |
N |
AY
2019-20 |
|||
One |
Two Consecutive |
||||
12 |
15 |
24 |
30 |
||
212-01--Management |
30 |
6 |
2 |
4 |
5 |
212-06--Entrepreneurship/Small Bus |
16 |
1 |
1 |
3 |
5 |
212-08--Culinary & Hospitality
Mgt |
5 |
|
|
2 |
1 |
221-212-12--Entre. & Small Business Mgt |
2 |
|
|
|
|
221-212-19--Management Assistant |
1 |
|
|
|
|
208--General Business |
1 |
1 |
|
|
|
3) Program retention and persistence relative to the start date of the program (subsequent term calculation)
Row
Labels |
N |
Fall 22 |
|||
F2S |
F2F |
||||
n |
% |
n |
% |
||
208 - General Business |
3 |
2 |
66.67% |
0 |
0.00% |
212-01 - Management |
2 |
0 |
0.00% |
0 |
0.00% |
212-06 - Entrepreneurship/Small Bus |
13 |
10 |
76.92% |
5 |
38.46% |
221-212-12 - Entre. & Small Business Mgt |
4 |
3 |
75.00% |
0 |
0.00% |
Row
Labels |
N |
Fall 21 |
|||
F2S |
F2F |
||||
n |
% |
n |
% |
||
208 - General Business |
5 |
5 |
100.00% |
2 |
40.00% |
212-01 - Management |
4 |
2 |
50.00% |
2 |
50.00% |
212-06 - Entrepreneurship/Small Bus |
6 |
5 |
83.33% |
2 |
33.33% |
212-08 - Culinary & Hospitality
Mgt |
1 |
0 |
0.00% |
0 |
0.00% |
Row
Labels |
N |
Fall 20 |
|||
F2S |
F2F |
||||
n |
% |
n |
% |
||
208 - General Business |
1 |
1 |
100.00% |
0 |
0.00% |
212-06 - Entrepreneurship/Small Bus |
8 |
4 |
50.00% |
4 |
50.00% |
212-08 - Culinary & Hospitality
Mgt |
3 |
3 |
100.00% |
2 |
66.67% |
Row
Labels |
N |
Fall 19 |
|||
F2S |
F2F |
||||
n |
% |
n |
% |
||
212-01--Management |
12 |
7 |
58.33% |
4 |
33.33% |
212-06--Entrepreneurship/Small Bus |
10 |
8 |
80.00% |
4 |
40.00% |
212-08--Culinary & Hospitality
Mgt |
1 |
1 |
100.00% |
0 |
0.00% |
221-212-12--Entre. & Small Business Mgt |
1 |
1 |
100.00% |
1 |
100.00% |
While persistence has generally been strong within the Entrepreneurship AAS, persistence in the Management AAS has been mediocre. Fall-to-fall retention has been poor in both programs.
Persistence and Retention Table
IV. Completion: Credential attainment (Quantitative, IE)
1) Sub-credential attainment and timeframe (are students completing sub-credential prior to or at the same time as parent credential?)
Row
Labels |
N |
AY 2022-23 |
|||||
Grads |
150 |
Transfer |
|||||
n |
% |
n |
% |
n |
% |
||
221-212-12 - Entre. & Small Business Mgt |
9 |
2 |
22.22% |
1 |
50.00% |
0 |
-- |
221-212-25 - Supervision |
1 |
|
-- |
|
-- |
0 |
-- |
208 - General Business |
8 |
1 |
12.50% |
1 |
100.00% |
0 |
-- |
Row
Labels |
N |
AY
2021-22 |
|||||
Grads |
150 |
Transfer |
|||||
n |
% |
n |
% |
n |
% |
||
221-212-12 - Entre. & Small Business Mgt |
3 |
0 |
-- |
0 |
-- |
0 |
-- |
208 - General Business |
5 |
5 |
100.00% |
2 |
40.00% |
||
Row
Labels |
|
AY
2020-21 |
|||||
|
|
|
|
|
|||
|
Grads |
150% |
|||||
N |
n |
% |
n |
% |
|||
221-212-12 - Entre. & Small Business Mgt |
4 |
0 |
- |
0 |
- |
||
208 - General Business |
2 |
0 |
- |
0 |
- |
||
Row
Labels |
|
AY
2019-20 |
|||||
|
|
|
|
|
|||
|
Grads |
150% |
|||||
N |
n |
% |
n |
% |
|||
221-212-12- Entrepreneurial and
Small Business Management |
2 |
0 |
- |
0 |
- |
||
221-212-19--Career Studies
Certificate Management Assistant |
1 |
0 |
- |
0 |
- |
Appropriate curricular changes may improve class availability and increase sub-credential attainment for sub-credentials remaining in place.
2) Parent credential attainment and timeframe, if applicable, disaggregated by specialization
Row Labels |
N |
AY
2022-23 |
|||||
Grads |
150 |
Transfer |
|||||
n |
% |
n |
% |
n |
% |
||
212-01 -
Management |
17 |
3 |
17.65% |
2 |
66.67% |
0 |
-- |
212-06 -
Entrepreneurship/Small Bus |
29 |
1 |
3.45% |
1 |
100.00% |
0 |
-- |
212-08 - Culinary
& Hospitality Mgt |
2 |
1 |
50.00% |
0 |
-- |
0 |
-- |
Row Labels |
N |
AY
2021-22 |
|||||
Grads |
150 |
Transfer |
|||||
n |
% |
n |
% |
n |
% |
||
212-01 - Management |
19 |
3 |
15.79% |
1 |
33.33% |
0 |
-- |
212-06 - Entrepreneurship/Small Bus |
23 |
3 |
13.04% |
2 |
66.67% |
1 |
4.35% |
212-08 - Culinary & Hospitality
Mgt |
5 |
1 |
20.00% |
1 |
100.00% |
0 |
-- |
Row
Labels |
|
AY 2020-2021 |
|||||
|
|
|
|
|
|||
|
Grads |
150% |
|||||
N |
n |
% |
n |
% |
|||
212-01 - Management |
15 |
4 |
26.67% |
3 |
75.00% |
||
212-06 - Entrepreneurship/Small Bus |
25 |
5 |
20.00% |
5 |
100.00% |
||
212-08 - Culinary & Hospitality
Mgt |
5 |
0 |
- |
0 |
- |
||
Row
Labels |
|
AcadYear 2019-20 |
|||||
|
|
|
|
|
|||
|
Grads |
150% |
|||||
N |
n |
% |
n |
% |
|||
212-01--Associate in Applied Science
Degree in Management |
30 |
5 |
16.67% |
4 |
80.00% |
||
212-06--Associate in Applied Science
Degree in Management- Specialization in Entrepreneurship/Small Business |
16 |
1 |
6.25% |
1 |
100.00% |
||
212-08--Associate in Applied Science
Degree in Management- |
5 |
1 |
20.00% |
1 |
100.00% |
The 150% graduation rate has generally been strong in both associate degree programs with the exception of the 21-22 graduation rate in management.
a. Are students completing within 6 semesters (150% of graduation time)?
Generally, the completion rate for the associate degree programs has been strong.
V. Transition: Employment or transfer post-credential (Quantitative, IE)
1) Transfer outcomes (students who transfer with associate degree, students who transfer without)
Row
Labels |
N |
Acad Year |
|||||
Grads |
150 |
Transfer |
|||||
n |
% |
n |
% |
n |
% |
||
212-01 - Management |
17 |
3 |
17.65% |
2 |
66.67% |
0 |
-- |
212-06 - Entrepreneurship/Small Bus |
29 |
1 |
3.45% |
1 |
100.00% |
0 |
-- |
212-08 - Culinary & Hospitality
Mgt |
2 |
1 |
50.00% |
0 |
-- |
0 |
-- |
Row
Labels |
N |
Acad Year |
|||||
Grads |
150 |
Transfer |
|||||
n |
% |
n |
% |
n |
% |
||
212-01 - Management |
19 |
3 |
15.79% |
1 |
33.33% |
0 |
-- |
212-06 - Entrepreneurship/Small Bus |
23 |
3 |
13.04% |
2 |
66.67% |
1 |
4.35% |
212-08 - Culinary & Hospitality
Mgt |
5 |
1 |
20.00% |
1 |
100.00% |
0 |
-- |
|
N |
N |
AcadYear 2020-21 |
||||
|
Associate |
Non-Associate |
|||||
Row
Labels |
n |
% |
n |
% |
|||
212-01 - Management |
15 |
4 |
1 |
25.00% |
|
|
|
212-06 - Entrepreneurship/Small Bus |
25 |
5 |
0 |
- |
|
|
|
212-08 - Culinary & Hospitality
Mgt |
5 |
0 |
0 |
- |
|
|
|
|
N |
AY 2019-20 |
|||||
|
Associate |
Non-Associate |
|||||
Row
Labels |
n |
% |
n |
% |
|||
212-01--Associate in Applied Science
Degree in Management |
30 |
|
0.00% |
1 |
100.00% |
||
212-06--Associate in Applied Science
Degree in Management- Specialization in Entrepreneurship/Small Business |
16 |
|
|
|
|
||
212-08--Associate in Applied Science
Degree in Management- |
5 |
|
0.00% |
1 |
100.00% |
||
These programs are intended to be non-transfer programs though there are transfer opportunities.
2) Student perspective/satisfaction
Data not disaggregated by program.
IN1: The courses I took at PHCC prepared me for my educational goals. | ||||||
Responses: | 47 | Average: | 82.81 | |||
Rating | # of Responses | % of Total | ||||
<60 | 9 | 19.15% | ||||
60-69 | 2 | 4.26% | ||||
70-79 | 4 | 8.51% | ||||
80-89 | 4 | 8.51% | ||||
>90 | 28 | 59.57% | ||||
IN2:The faculty at PHCC are fair and supportive of students. | ||||||
Responses: | 47 | Average: | 82.17 | |||
Rating | # of Responses | % of Total | ||||
<60 | 9 | 19.15% | ||||
60-69 | 3 | 6.38% | ||||
70-79 | 1 | 2.13% | ||||
80-89 | 2 | 4.26% | ||||
>90 | 32 | 68.09% | ||||
IN3: The faculty at PHCC demonstrate thorough knowledge of the subject matter. | ||||||
Responses: | 48 | Average: | 80.4 | |||
Rating | # of Responses | % of Total | ||||
<60 | 11 | 22.92% | ||||
60-69 | 1 | 2.08% | ||||
70-79 | 3 | 6.25% | ||||
80-89 | 3 | 6.25% | ||||
>90 | 30 | 62.50% | ||||
IN4: In the courses I took at PHCC, classroom activities and outside assignments were appropriate and meaningful. | ||||||
Responses: | 47 | Average: | 79.87 | |||
Rating | # of Responses | % of Total | ||||
<60 | 9 | 19.15% | ||||
60-69 | 5 | 10.64% | ||||
70-79 | 3 | 6.38% | ||||
80-89 | 1 | 2.13% | ||||
>90 | 29 | 61.70% | ||||
IN5: I would recommend the faculty at PHCC. | ||||||
Responses: | 48 | Average: | 82.23 | |||
Rating | # of Responses | % of Total | ||||
<60 | 8 | 16.67% | ||||
60-69 | 2 | 4.17% | ||||
70-79 | 4 | 8.33% | ||||
80-89 | 5 | 10.42% | ||||
>90 | 29 | 60.42% | ||||
Survey means are strong and we will continue to monitor future results.
VI. Sustainability: Future Program Outlook (Mixed methods, IE, program head and dean)
1) Program forecast (major expenditures, changes, personnel needs, etc.); any future costs should be explained in this section)
Significant changes to this program are likely. The enrollment trends for the AAS programs are now favoring the Entrepreneurship AAS over the Management AAS. The plethora of BUS prefix courses in the program has led to many low-enrolled BUS courses. Without a full-time faculty member, low-enrolled courses create more acute dilemmas related to whether the college can efficiently offer the course and make them consistently available to students. The dean is in ongoing discussions with the academic VP and will meet with relevant full-time faculty to consider the potential combination of the two programs, primarily under the entrepreneurship umbrella. In addition to enrollment trends favoring entrepreneurship, the college has benefitted from its Workforce efforts in the entrepreneurship arena.
The lengthy and somewhat confusing titles to the AAS programs are also problematic. It is not clear to students and some advisers as to the proper program for students to pursue. An AAS program with the tile of something similar to "Entrepreneurship and Small Business Management" as the sole non-transfer business program could encompass the most valuable courses from the two existing AAS programs. Management jobs in larger businesses are more likely to be offered to individuals who are bachelor’s-prepared or even those with M.B.A.s. Combining the two AAS programs would result in a program with a very healthy enrollment with higher enrollment in existing BUS classes.
P&HCC must also carefully consider what value is added to graduates with the Certificate and the CSCS. It may make sense to eliminate the certificate completely and reduce the CSCs from three to two, with the current entrepreneurship-focused CSC and a combined new small business management CSC. All of these ideas will be sussed out in the next few months.
a. Any other pertinent information relevant to the review process should be provided here (e.g. community need, state/federal requirements, external accreditation, SCHEV low enrollment warning, etc.)
No other pertinent information is included at this time.
b. Employment forecast for program (Analyst data)
Management of Companies and Enterprises in Patrick
& Henry Community College, 2023Q11 |
|||||||||||
|
Current |
5-Year History |
5-Year Forecast |
||||||||
NAICS |
Industry |
Empl |
Avg Ann Wages |
LQ |
Empl Change |
Ann % |
Total Demand |
Exits |
Transfers |
Empl Growth |
Ann % Growth |
55 |
Management of Companies and
Enterprises |
524 |
$97,614 |
0.69 |
204 |
10.4% |
223 |
90 |
153 |
-19 |
-0.7% |
|
Total - All Industries |
48,857 |
$41,329 |
1.00 |
-431 |
-0.2% |
26,572 |
11,617 |
16,186 |
-1,232 |
-0.5% |
Source: JobsEQ®
Data as of 2023Q1
Note: Figures may not
sum due to rounding.
1. All data based
upon a four-quarter moving average
Exits and transfers
are approximate estimates based upon occupation separation rates.
Administrative and Support Services in Patrick
& Henry Community College, 2023Q11 |
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|
Current |
5-Year History |
5-Year Forecast |
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NAICS |
Industry |
Empl |
Avg Ann Wages |
LQ |
Empl Change |
Ann % |
Total Demand |
Exits |
Transfers |
Empl Growth |
Ann % Growth |
561 |
Administrative and Support
Services |
3,819 |
$31,849 |
1.28 |
138 |
0.7% |
2,126 |
928 |
1,345 |
-147 |
-0.8% |
|
Total - All Industries |
48,857 |
$41,329 |
1.00 |
-431 |
-0.2% |
26,572 |
11,617 |
16,186 |
-1,232 |
-0.5% |
Source: JobsEQ®
Data as of 2023Q1
Note: Figures may not
sum due to rounding.
1. All data based
upon a four-quarter moving average
Exits and transfers
are approximate estimates based upon occupation separation rates.
Management is a broad term. Many of the highest-paid jobs are for individuals with at least baccalaureate degrees. Many of our graduates are more competitive in jobs that may include some administrative functions.
Upper Bound Forecast Snapshot Lower Bound Forecast Snapshot