What must be established before prioritizing projects within a bond committee?

Before prioritizing projects within a bond committee, it is essential to establish guiding principles. These principles serve as a foundational framework that directs the decision-making process, ensuring that the prioritization of projects aligns with the overall goals and values of the community or organization. Guiding principles set criteria for what constitutes priority projects, whether that be based on urgency, impact, alignment with strategic objectives, or other relevant factors.

Establishing these guiding principles allows the bond committee to evaluate projects consistently and objectively, which helps in making informed decisions that reflect both the needs of the community and the strategic vision. Without clear guiding principles, projects could be prioritized based on subjective criteria or arbitrary preferences, potentially leading to inefficiencies or misalignment with community priorities.

While budget constraints, community support, and project timelines are important factors in the broader context of project prioritization, they are more effectively addressed once the guiding principles are firmly established. The guiding principles provide the necessary context for understanding how budget limitations, community needs, and timelines will influence the selection and prioritization of projects.