1.201_f08_lec23

1.201_f08_lec23 - Project Evaluation and Programming II...

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Transportation leadership you can trust. presented to MIT 1.201 Class presented by Lance Neumann Cambridge Systematics, Inc. November 25, 2008 Project Evaluation and Programming II Programming 1 Outline Lecture 2 Investment Planning and Programming Objectives of programming Program structure Investment planning/programming framework Condition assessment and needs Levels of analysis Revisit benefit-cost analysis Priority setting and program tradeoffs Investment planning support tools 1
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2 Outline (continued) Examples Case study Conclusions 3 Objectives of Programming Allocate resources across investment program categories and modes Preservation and maintenance (“state of good repair”) System operations Capacity/service expansion Selecting the best mix of projects and project designs (scopes) within each program category 2
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4 Program Structure While conceptually, a programming process could evaluate all projects against all other projects, in practice, a program structure is used to create a hierarchy of choices Program categories may reflect Policy or functional objectives (e.g., preservation, operations, capacity, etc.) Funding sources Institutional structure and system owner/operator responsibilities Modes 5 Program Structure (continued) Program structure will influence the investment issues and tradeoffs examined Project selection criteria may vary by program category (reflecting different objectives, impacts, etc.) Best mix of projects and project designs will vary depending on overall program funding levels Program categories reflecting policy/functional objectives facilitate tying budget decisions to system performance 3
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Total Capital Budget 6 Example Capital Program Structure Massport Airport Properties Port Properties Bridge Properties Logan Airport Logan Airside Logan Landside Logan Noise Abatement and Mitigation Logan 2000 Hanscom Field Hanscom Airside Hanscom Landside Hanscom Noise Abatement and Mitigation Maritime Mystic Piers Moran Terminal Revere Sugar Terminal Conley Terminal Massport Marine Terminal Dredging Tobin Bridge Tobin Bridge Development Development Agencywide Administration Engineering Legal Facility Types Facilities Program Categories 7 Investment Planning and Programming Framework Capital programming process Factors influencing programming Characteristics of a good programming process Common problems 4
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8 Overview of The Capital Project Planning and Delivery Process Strategy/Objectives System Planning Policy Direction and Planning Identification of Needs by Category Identification and Evaluation of Range of Solutions Identification of Programs/Projects Prioritization within Categories Annual Budget Proposal Programming Process Review Requests versus Constraints Approve Budgets Establish Program Delivery Parameters Budget Review and Approval Designer Selection Design Reviews Permits/Hearings Final Cost and Schedule Estimates
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This note was uploaded on 12/04/2011 for the course ESD 1.210j taught by Professor Mosheben-akiva during the Fall '08 term at MIT.

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1.201_f08_lec23 - Project Evaluation and Programming II...

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