The initiative has been structured to include stakeholders and participants from across campus in the review, analysis and design of UW-Madison’s financial controls processes and framework. The table below provides an overview of major initiative milestones. For a more detailed view of the activities, download the current Implementation Plan Update.

Milestone Planned Completion Date Status
Initial Financial Glossary created June 2016 Completed
2016 Financial Forum February 2016 Completed
Current State Conversation September 2015 Completed; September 30
Launch selected process improvement projects July 2015 Started May 2015; 6 of 7 initial projects launched by June 30
2015 Financial Forum April 2015 Completed
Identification of additional process improvement projects March 2015 Completed
Project: Capital Equipment December 2014 Recommendations approved January 2015
Opportunity identification/ recommendations (risk assessment) August 2014 Completed
Internal controls interviews June-July 2014 Completed
Review of existing financial data and audit reports April-July 2014 Completed
Campus Financial Forum (Initiative kickoff) February 2014 Completed