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Nowadays, graduates have a wide range of opportunities when they are thinking about their further education and it is difficult to choose whether it would be better to go one way or another. One of the most important drivers for the final decision is whether the study program chosen can lead to a good and interesting job in the future. That means that Universities have to reflect the answer to this question in the description of the study programs, but in order to do this they have to know what the main requirements from the Industry are. This paper, building upon the previous research showing that a knowledge requirements monitoring system and the processes behind it can improve the quality of study programs, focuses on application of the monitoring system for extracting and representing industrial requirements using skill frameworks and direct and indirect course and topic rating systems.

-The situation when the number of the students and the popularity of the engineering education in general and IT education in particular is not increasing dramatically due to the fact that there exists an opinion that engineering education is complex and time-consuming from one side and that the graduates are not sufficiently prepared for the industry from another, requires the University to perform a series of actions that can improve the current situation. One of the areas for improvement is the quality of the study programs in the sense of their suitability to 'customers', namely Students and Industry. Previous research shows that the knowledge requirements monitoring system and the processes behind it can improve the quality of the study programs, e.g. the results of the Value Network Analysis demonstrate that the Monitoring System can give additional value to both the University and the Industry. Developing a monitoring system prototype requires narrowing the gap between industry and university and introduces new ways of industry-university cooperation.