Rethinking Your Capital Planning Process: Focusing on the Student Experience
The key opportunity for chief academic officers, chief financial officers, and capital planners is to establish a data-informed prioritization process for capital planning efforts — one in which campus projects are prioritized based on how academic, residential, and recreational facilities on campus can be best used to improve enrollment and retention. We recently spoke with capital planning consultant Neil Calfee and had a deep conversation about how the capital planning process is changing (and how it needs to change) and what institutional leaders may want to rethink going forward. Currently the principal of NPC Group, specializing in the creation and negotiation of public/private partnerships, Neil Calfee previously served as Arizona State University’s director of real estate development. He has over 15 years of experience in development and management of complex development projects involving partnerships between government entities and the private sector. What follows are some key takeaways from our conversation: How the Capital Planning Process is Changing When asked what key factors he sees driving the capital planning process now that weren’t so critical 5-10 years ago, Calfee drew attention to three in particular: THE PREVALENCE OF ONLINE LEARNINGCalfee: “Students can now take core classes via the web which might take some pressure […]