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Over 300 campus stakeholders participated in the planning process. Those involved in the process are dedicated members of University leadership, faculty, staff, students, alumni, and the Coastal Virginia community.

During Spring 2022, the seven��strategic��plan��subcommittees tasked with developing goals and strategies met systematically and routinely to collect and analyze data, discuss key findings, and develop��strategic��goals to guide the University’s future.

Specifically, subcommittees reviewed internal and external focus group data, informational graphs produced by the Office of Research utilizing the Integrated Postsecondary Education Data System (IPEDS), Old ��ֱ���� University Research Foundation (ODURF) proposal and award data, and market research data. In addition to quantitative data, the subcommittees sought input from experts across the University including, but not limited to the Director of Institutional Effectiveness and Assessment, the University’s Budget Officer, and the Associate Vice President for Academic Affairs. Subcommittees then worked together to draft the goals, presenting those goals first with the Steering Committee followed by the President’s Cabinet and Leadership Council.

In addition to developing a robust��plan, regular reporting and transparency are critical components to short-term implementation and long-term success of the identified initiatives. As a result, key performance indictors (KPIs) are provided for each goal and strategy. These items include baseline and target metrics, as well as a responsible party and timeline. As such, progress reports will be developed and shared twice a year to provide an update on the status of exceeding, meeting, or missing the identified KPIs.

As part of the year-long��strategic��planning process, a robust budget component was embedded in the overall efforts of the seven subcommittees. A separate budget template was developed by the Budget Team and completed by the subcommittees for each strategy. The forms were developed to fully understand the resource types (one-time or recurring and new or reallocation), as well as the expense categories (personnel, operating, etc.)

The Budget Team reviewed the submissions for completeness, soundness, and feasibility, especially as it related to revenue generation. To determine a desired path for both implementation and outcomes, members of the Budget Team held individual meetings with representatives from each subcommittee.

With implementation of the��strategic��plan, a Monarch Investment Fund, totaling $25 million, will be established to house additional resources for new initiatives, as well as expanded activities in existing areas. An annual contribution of $5 million will be made for each year in the reporting period. A budget bulletin will be provided as part of the twice-yearly updates to keep the campus informed of the overall investment and related progress. Additionally, an internal budget document will be developed and made available to the designated responsible parties.

The University’s��strategic��plan��and the process toward its development were open and public, including public comment periods. The University maintained a public section on its��website��with membership and timeline information, as well as real-time meeting minutes from each of the various committees, subcommittees, and teams. Regular meetings, both in-person and utilizing synchronous technologies, occurred throughout 2022, and working documents were visible to all administrators and subcommittee members in the University’s Microsoft Teams platform. Further accountability was upheld with regular reports and updates to chairs and co-chairs, as well as the University administration.