Selected by President Bowles, the PACE primarily consisted of business people, in addition to a representative from the Board of Governors, the Chancellors and faculty. This small group of eight individuals undertook a review of current expenditures and then oversaw multiple system-wide working groups. From April to October 2006, the PACE examined administrative costs, existing processes and the potential to maximize the strengths of the system. As the President had separately charged the Chancellors with individual campus initiatives, the PACE focused its efforts on system-wide opportunities. As part of its work the PACE also prepared a foundation for campus-specific work through system-wide data gathering, suggesting approaches for further data analysis and synthesis of administrative functions.
