Handbook on Facilities
Part 4.1 Project Budget
- Budgeting: STEM facilities in an integrated planning context
- Many institutions segregate their planning into three spheres: budgetary, academic, and campus and facility planning. Arthur Lidsky explains that it is necessary to integrate these three plans and communicate ideas and vision with all those involved with the project. Including two exhibits outlining revenues and expenses of the institution and the costs of a project, this essay guides STEM facility planners towards a collaborative and comprehensive new facility plan. # The architect's perspective: Budgeting and financing for STEM facilities
- The "Real Options" approach to capital decisions: Planning for change
- Securing funding for major capital projects, particularly spaces intended to be technologically-rich, requires careful and conscientious planning by many leaders within a campus community. In this essay, Alida Zweidler, Carol Wedge and Bruce Metz, examine a series of options for making decision about capital planning.