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Home > Tools > WareAbouts
When it comes to increasing efficiencies and lowering project costs on tax-funded and public-private initiatives, both sectors are finding common ground in customer-driven, flexible project management tools that meet the often divergent needs of their varied users.
Chris Macon, manager of program management systems for the University of Texas system, needed to find a way to better manage different funding sources. Recently, when building a university addition on one of the system’s 15 campuses, Macon had to deal with money from private donors looking for endowments, and money stemming from revenue-financing bonds and tuition-revenue bonds issued through the state of Texas and his Board of Regents. Making sure the endowment money was used solely on the building with the donor’s name on it was critical.
“Often, a project will have one or many of these project [revenue] sources. We are tracking original appropriations,” Macon said. For example, when Michael Dell of the Dell Foundation gave a gift to the university, the construction and project managers made sure that the money from the private foundation went toward a new children’s hospital with the Dell name attached.
Project management tools have become invaluable to Macon, and to other public sector project managers who need to track multiple funding sources while keeping donors and taxpayers happy.
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