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NEW MEXICO JUNIOR COLLEGE BOARD MEETING Thursday, December 16, 2021, Ben Alexander Building Daniels Room 1:30 pm AGENDA A. Welcome Pat Chappelle. Adoption of Agenda Pat Chappelle. Approval of Minutes
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Identify the purpose and objective of the capital project
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Gather relevant financial data and cost estimates
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Conduct a feasibility study to assess the potential risks and benefits
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Evaluate the project's alignment with the organization's strategic goals
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Prepare a detailed project proposal outlining the scope, timeline, and budget
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Present the proposal to key stakeholders for approval

Who needs consideration of capital projects?

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Businesses looking to expand operations
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Government agencies planning infrastructure projects
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Non-profit organizations seeking to improve facilities
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Consideration of capital projects is the process of evaluating and analyzing the financial impact of proposed projects that require significant investment in assets or infrastructure.
Government agencies, organizations, or businesses that are planning to undertake capital projects are required to file consideration of capital projects.
Consideration of capital projects can be filled out by providing detailed information about the project scope, estimated costs, funding sources, anticipated benefits, and potential risks.
The purpose of consideration of capital projects is to ensure that proposed projects are financially feasible, align with organizational goals, and provide a positive return on investment.
Information such as project description, estimated costs, funding sources, expected benefits, risks, timeline, and evaluation criteria must be reported on consideration of capital projects.
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