When the master plan and program master budgets are completed, the information will be used to create a program implementation plan. An implementation plan addresses the roles and responsibilities of each team member, timing of each project, reporting procedures and associated logistical issues such as transition housing and contracting methods.

There are three basic constraints which affect master program schedule:

• how quickly the money is available
• how much space and funding is available for interim housing
• how much inconvenience the client is willing to tolerate

Working with the client's financial consultant in bond funded programs, the program manager looks at various cash flow scenarios to determine an optimum bond issuance schedule, taking into consideration the tax rate, inflation reserve, desire to capture interest for furnishings and equipment and arbitrage considerations.

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