PACICES

Principles to Guide the Development of Recommendations

• Visionary - the aim is to build organizational capacity to preserve the academic and research mission of the University
• Transparency - all recommendations will be fully disclosed to the McMaster community
• Sustainability - all recommendations will be assessed for their short term and long term impact to the University
• Holistic View - all recommendations will be assessed for the financial and non financial impact
• Fiscal Accountability - the recommendations will Employ Best Practice approaches - focus on efficiency and economy
• Stability - recommendations will smooth the impact to avoid severe ups and downs