{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

1.201_f08_lec23

1.201_f08_lec23 - Project Evaluation and Programming II...

Info icon This preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 2
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
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 4
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
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern