$1.6 billion will be generated by the University through its own direct efforts, and we hope to secure the remaining $400 million from increased state appropriations over the ten-year period. It is important to mention that the normal process of state funding of capital projects is not included in the above-mentioned cost estimates. Within the University System we have a disproportionately high percentage of buildings that are 50 years or more old and have much in need of renewal. The University will continue to work with the University System and the State to accelerate the funding and construction of our critically needed capital projects.
45 from planning to implementation
Measuring and Reporting Progress There are references to specific indicators of performance throughout the strategic plan. As part of the comprehensive implementation plan, additional detail concerning such indicators will be developed. Specific targets will be identified for each goal at the unit level as well as the University level. In most cases, the targets will correspond to benchmarks based on the performance of our five peers: University of California, Berkeley; University of California, Los Angeles; University of Michigan, Ann Arbor; University of Illinois, Urbana-Champaign; and University of North Carolina, Chapel Hill. The Office of Institutional Research, Planning, and Assessment will be charged with monitoring the performance of the University and all units relative to the indicators that will be selected. In addition to the specific quantitative indicators of performance, we will develop a set of other instruments to assess our success in implementing the plan. Examples of such instruments are formal and informal surveys and focus groups. The Provost will oversee an annual assessment of the full set of available measures of performance to provide an overall view of progress in implementing the strategic plan. This annual review will also provide an opportunity for the University to take corrective action where needed. Each year the Provost will report to the Senate and to the institution at large on the state of plan implementation and will create a forum for discussion and input from the University community.