Board of Trustees Meeting Agenda | May 13, 2021

The overall timeline estimate for this project is 18 - 27 months. Phase 1 is estimated to take 6 - 9 months while Phase 2 is estimated to take 4 – 6 months but can be run concurrently with Phase 1. Phase 3 is estimated to take 12 - 18 months, depending on the SaaS solution selected. BENEFITS The key benefits of this project and phased approach are:

 Modernize business practices, interfaces, and business process improvement.  Increase security posture related to data breaches, outages, and cyberattacks.  Transition away from a legacy and on-premises business system.  Enhance the student experience.  Rapid scalability for our critical software applications and depending on need.  Access to software innovations, new features, and quicker release cycles.  Modern business analytics platforms included directly into SaaS solution. RISKS The following are risks to the success of this project. • Lack of executive stakeholder engagement and input. • University resistance to business process and operational changes. • Unanticipated costs or complications that extend the timeline and budget.

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