Projects as Joint Ventures

Description

Projects are joint ventures between TTS and the Tufts community.

Rationale

Projects are vehicles for promoting change and creating enduring value for Tufts and require partnerships among key stakeholders to be successful.

Implications

  • Project investments must have strategic business drivers, be aligned to business objectives, and be measured and managed throughout the financial lifecycle.
  • Effective projects require commitment from TTS and business stakeholders who are (jointly or mutually) responsible and accountable for the results.
  • Projects should be evaluated based on their potential to deliver distinctive value compared with alternatives. 
  • Project risks should be identified “up front” and be managed using a formal governance process.