Making Public-Private Partnerships Work in Higher Education
Mary Scott Nabers spoke at the Higher Education Summit in San Diego to discuss Public-Private Partnerships opportunities in higher education.
Topic: Thinking about entering into a P3 engagement? Good For You! If so, here are some important questions to ask:
- What is the driving motivation for a P3 project engagement?
- Is the project suitable for a P3?
- Are there assets or public funds to augment private-sector capital investment?
- Have other funding options been considered and compared?
- What type of P3 engagement is being contemplated?
- Do financial executives support the idea of a P3?
- Will stakeholders support a P3?
- What kind of internal expertise is available?
- What kind of external expertise will be required?
- Has a business case been developed that justifies a P3?
- What kinds of risks have been identified?
- Has a document been developed that describes benefit expectations?
- Is there an internal or elected official willing to champion the project?
- Are there historical or political obstacles to overcome?
- What other obstacles should be anticipated?
- Has a Civic Outreach Plan been developed?
- Will the Outreach Plan be implemented internally or externally?
- Has a document been developed that describes success?
- What is the anticipated timeline from start to finish?
- Has any outreach been initiated to potential private-sector partners?
- Has any outside vetting of the project occurred?
- Are you ready to bring in consultants to assist with vetting the project?
CLICK HERE for PDF of San Diego Higher Education Summit Booklet