FCC Facilities Master Plan May 2023 - Compressed (1)

Frederick Community College Facilities Master Plan Chapter 2 Environmental Scan 2-30 May, 2023 There are multiple audiences for this environmental scan both external and internal to Frederick Community College. Accordingly, the consultant team decided an approach for the collection of the data to be more than a data dump, rather the data and its corresponding information had to be both relevant to the institution, inform its operations and respond to the considerations for an approvable facilities master plan by the State of Maryland. Therefore, the strategic environmental scan for the facility master plan is based on the following: (1) Pareto Principle: 80/20 Rule (2) Frederick community College Mission: (Three 85 https://www.investopedia.com/terms/1/80-20-rule.asp (3) Domains) Education, Employment and Economy (4) Community College Impact: (Five Domains) Global, National, Regional, State, and Local The 80-20 rule, also known as the Pareto Principle, is an aphorism which asserts that 80% of outcomes (or outputs) result from 20% of all causes (or inputs) for any given event. In business, a goal of the 80-20 rule is to identify inputs that are potentially the most productive and make them the priority. For instance, once managers identify factors that are critical to their company's success, they should give those factors the most focus.85 Frederick Community College MHEC Mission State Review September 28, 2018:86 86 https://www.frederick.edu/aboutfcc/downloads/opair/fcc-mission-statement-review.aspx

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