Once costs are identified and performance opportunities understood, a strategic plan is developed by subject matter experts and university representatives to decrease costs and increase revenue across the institution.

Examples

• Facility Management: Low capacity utilization of core facilities (classrooms, dining halls) = cost saving opportunities through consolidation, “hoteling” and/or leasing. Non-core and/or excess facilities can be monetized through sale/leasebacks (with ownership reverting back to the university at the end of the term), leases and/or outright sales.

• Energy Efficiency: Energy costs can be mitigated through efficiency and action on real estate. Revenue can be generated through “smart grid” demand response, whereby the university is compensated under Federal mandate for reducing peak hour energy usage. Excess renewable energy facilities (i.e. solar panels) can be installed on campus.
  
  
• Equipment Allocation: Surplus and/or outdated equipment (computer hardware, furniture, etc.) can be easily identified and sold to generate revenue and cut storage cost.