Financial Stewardship Institute Project March 2010

Strategic Investment Project Project Goal Using the concepts learned in the Financial Stewardship Institute identify how we would advise university leaders in analyzing budgets and developing strategies for investing limited funds. Develop a tool that can be used by decision-makers during the process. Team Members Lisa Cannell – Marketing & Brand Management Robilyn Eggertsen – Budget & Resource Planning Dan Gorman – OCIAS Brent Harrison – Physical Education & Recreation Sandra Knauber – Geography Lori Vegas – Clark Honors College

Strategic Investment Project  “the B.R.A.T.” results are a starting point for further analysis  Fixed costs  Phased implementation  Ripple effects  Further prioritization B.R.A.T. Re-cap

Strategic Investment Project  A rational basis for distributing valuable resources.  A budget decision process that is consistent across campus.  An approach to strategic planning that can be used on an ongoing basis, and for more than budget.  Ensures the university is a good steward of the public’s money. Summary of Benefits

Strategic Investment Project  …  “When you get to the point of eliminating whole programs, you have to develop a detailed methodology for how you will rank them, but even then it’s not a clean formula.” – Ralph Alvarez, FSU Real-life Results