An institution shall set forth instructional supervision and evaluation procedures for each program. These procedures may include evaluation of courses and faculty by students, administrators, and departmental personnel. Curriculum review procedures established by an institution for its program offerings shall: Include standards and guidelines for the assessment of student outcomes as defined for the program; Be consistent with the institutional mission; and Be specified by the institution. An institution shall evaluate a program's educational effectiveness, including assessments of student learning outcomes, student retention, student and faculty satisfaction, and cost-effectiveness.