This article has been formulated based on the strategic planning of the university. Vision formulation has been done based on the model presented by J. Collins and J. Porras (1996). The Model includes two sectors, which are core ideolgy and envisioned future. In this article the envisioned future of the university and its vision have been formulated. Envisioned future itself is included in two sections; big, hairy, audacious goals (BHAGs) and vivid description. As shown in the results, the big, hairy, audacious goals of Vali-e-Asr University of Rafsanjan have been identified based on confirmatory factor analysis and the vivid description have been written based on BHAGs. At the end envisioned future & vision have been formulated.