i.1.4 Do Projects Conform to the Agency’s Mission and Risk Tolerance?

i.1.4 Do Projects Conform to the Agency’s Mission and Risk Tolerance?

Before proceeding with any project, the agency must determine whether the project conforms to its mission, that is, whether it has the authority to finance, operate, and maintain the facility. If it pursues that project, the agency must assess whether it assumes any risks that will threaten its ability to meet its mission. Because each agency is unique, the process by which agencies make these determinations will differ. At a minimum, however, the process should include (1) developing a strategic vision, (2) identifying the capital projects that are needed to meet that vision, and (3) deciding how to finance and fund those capital projects.