Talking Stick - March/April 2016 - 32
FISCAL RESOURCES
Tennessee's Fred
D. Brown Jr.
Residence Hall
is their first new
hall in more than
40 years.
PHOTO COURTESY OF CONTRACT FURNITURE ALLIANCE
Staying on Track
Armed with sage advice and solid resources,
your project can survive fiscal roadbumps.
Ask anyone who has been through
a construction or renovation project:
Rarely does a project progress without
obstacles. Unruly weather? Check.
Unexpected budget cuts that put your
development in jeopardy? Check.
Unplanned circumstances are to be
expected, but what matters is that
you as the project manager are wise.
Know what you need and want in the
beginning so that you can formulate the
best plan to achieve your construction or
renovation goals. The Talking Stick has
32
KNOWLEDGE
DOMAINS
TALKING STICK
in this article
$
By Verdaynea Eason
reached out to seasoned professionals
for their input about planning for
bumps in the road and choosing a bid
process that works for your project.
Many experts agree that a rainy
day or contingency fund is essential;
in other words, have enough money
to cover any unexpected obstacles. "It
is very detrimental to a project not to
have a contingency fund," says Kay
Sisco, budget director, and Rodney
Combs, assistant director of housing,
both at The University of Tennessee
in Knoxville. "Most lenders will
not guarantee a loan without some
contingency." However, if such funds
are not obtainable, institutions can turn
to value engineering. In this case, the
project manager would have to settle
for lower quality features. For example,
the chairs or card access doors that the
department or students may prefer
Fiscal Resources and Reporting
Conduct analysis of budget variances and make necessary adjustments.
Review budget reports to identify trends and associated variances.
Talking Stick - March/April 2016
Table of Contents for the Digital Edition of Talking Stick - March/April 2016
Talking Stick - March/April 2016
Contents
Vision
Just In
Calendar
Your ACUHO-I
Transitions
Facilities
Human Resources
Fiscal Resources
Managing Full Circle
Making It Count
Conversations
First Takes
Around Student Affairs
New Members
Snapshot
Talking Stick - March/April 2016 - Intro
Talking Stick - March/April 2016 - BB1
Talking Stick - March/April 2016 - BB2
Talking Stick - March/April 2016 - Talking Stick - March/April 2016
Talking Stick - March/April 2016 - Cover2
Talking Stick - March/April 2016 - 1
Talking Stick - March/April 2016 - 2
Talking Stick - March/April 2016 - Contents
Talking Stick - March/April 2016 - 4
Talking Stick - March/April 2016 - 5
Talking Stick - March/April 2016 - 6
Talking Stick - March/April 2016 - 7
Talking Stick - March/April 2016 - Vision
Talking Stick - March/April 2016 - 9
Talking Stick - March/April 2016 - Just In
Talking Stick - March/April 2016 - 11
Talking Stick - March/April 2016 - 12
Talking Stick - March/April 2016 - BI1
Talking Stick - March/April 2016 - BI2
Talking Stick - March/April 2016 - 13
Talking Stick - March/April 2016 - 14
Talking Stick - March/April 2016 - 15
Talking Stick - March/April 2016 - 16
Talking Stick - March/April 2016 - 17
Talking Stick - March/April 2016 - Calendar
Talking Stick - March/April 2016 - 19
Talking Stick - March/April 2016 - Your ACUHO-I
Talking Stick - March/April 2016 - 21
Talking Stick - March/April 2016 - Transitions
Talking Stick - March/April 2016 - 23
Talking Stick - March/April 2016 - Facilities
Talking Stick - March/April 2016 - 25
Talking Stick - March/April 2016 - 26
Talking Stick - March/April 2016 - 27
Talking Stick - March/April 2016 - Human Resources
Talking Stick - March/April 2016 - 29
Talking Stick - March/April 2016 - 30
Talking Stick - March/April 2016 - 31
Talking Stick - March/April 2016 - Fiscal Resources
Talking Stick - March/April 2016 - 33
Talking Stick - March/April 2016 - 34
Talking Stick - March/April 2016 - 35
Talking Stick - March/April 2016 - Managing Full Circle
Talking Stick - March/April 2016 - 37
Talking Stick - March/April 2016 - 38
Talking Stick - March/April 2016 - 39
Talking Stick - March/April 2016 - 40
Talking Stick - March/April 2016 - 41
Talking Stick - March/April 2016 - 42
Talking Stick - March/April 2016 - 43
Talking Stick - March/April 2016 - 44
Talking Stick - March/April 2016 - 45
Talking Stick - March/April 2016 - 46
Talking Stick - March/April 2016 - 47
Talking Stick - March/April 2016 - Making It Count
Talking Stick - March/April 2016 - 49
Talking Stick - March/April 2016 - 50
Talking Stick - March/April 2016 - 51
Talking Stick - March/April 2016 - 52
Talking Stick - March/April 2016 - 53
Talking Stick - March/April 2016 - 54
Talking Stick - March/April 2016 - 55
Talking Stick - March/April 2016 - Conversations
Talking Stick - March/April 2016 - 57
Talking Stick - March/April 2016 - 58
Talking Stick - March/April 2016 - First Takes
Talking Stick - March/April 2016 - 59
Talking Stick - March/April 2016 - Around Student Affairs
Talking Stick - March/April 2016 - 62
Talking Stick - March/April 2016 - New Members
Talking Stick - March/April 2016 - Snapshot
Talking Stick - March/April 2016 - Cover3
Talking Stick - March/April 2016 - Cover4
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