Q. What is a Capital Project?
A. A capital project is a project that helps improve university facilities. Capital projects include, but are not limited to an expansion or renovation of an existing facility, leasehold improvements, the construction of a new facility, or the acquisition of land or other real property.
Q. What is a Major Capital Project?
A. A capital project that has a cost in excess of $5 million.
Q. What is a Minor Capital Project?
A. A capital project that has a cost between $2.5 million ‐ $5 million.
Q. What is a Project Scope?
A. A project scope is a high level description of the project, including the relationship to a Functional Program and the intended deliverables of the project. There should be enough detail on Functional Program requirements and the deliverables to provide clear parameters to understand when the project scope is changing.
Q. What is a Functional Program?
A. A functional program documents the scope of functions, objectives and a basic operational description of each function to be addressed in the capital project. This includes proposed staffing or usage requirements of the functions together with an estimate and description of the space required to support the identified need. It provides a comprehensive understanding of the activities and functional needs of each function and the adjacency requirement for each function within the project.
Q. Who is a Project Sponsor?
A. A senior administrator whose role is to champion, oversee and advocate for the project, its requirements, and ensure support within the university community.
Q. What are the functions of Project Steering Committee?
A. The Project Steering Committee (PSC) is the governance body that assumes authority and oversight of a Major Capital Project after it has been approved by the Board of Trustees. The PSC will have responsibility for approval of all major project decisions and is ultimately responsible for ensuring the project is on budget, on schedule and within scope until occupancy and/or project completion.