1. Board of Regents Capital Projects Review & Approval Process
Institutional Strategy & Project Prioritization
One Capital Plan
Identify projects
Categorize projects
Prioritize projects
Develop overall funding strategies
Board of Regents - Actions
Stage 1
Board of Regents –
Information
Institutional objective
Business case
Estimated budget and financing
strategy
Benchmarks & metrics
Estimated schedule
Board of Regents – Actions
Approve site selection
Approve architect
Approve contractor
Approve pre-construction budget
Stage 2 Approval
Approve naming plan
Approve financing plan
Approve project budget
Schematic design
Project budget
Financing plan
Schedule
Stage 3
Board of Regents – Reporting
Project status
Budget vs. forecast
Schedule vs. forecast
Business equity rates
Stage 1 Approval
Approve overall plan
Approve capital budget request