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Unformatted text preview: and 260 days of working week To annualize non Rush hour we multiply 365 by 24 minus rush hour (6 hour time 260 days) Traffic Fatalities Life value Value of Life Saved Total Benefit include life 12 6 6 $400,000 $2,400,000 $16,359,840.00 Yearly Benefit year 0 Year 1-4 Year 5-29 year 30 Right of way cost 0 0 16.36 16.36 Construction Cost Maintenance 100 0 0 -100 Assuming 2% real interest (4% interest and 2% inflation), then NPV Benefit Right of way Construction Maintance Total Cost Total (Net benfit) 304 -44.8 -190.4 -18.59 -253.7 50.3 0 50 0 0 0 0 1 1 MIT OpenCourseWare http://ocw.mit.edu 1.040 Project Management Spring 2009 For information about citing these materials or our Terms of Use, visit: http://ocw.mit.edu/terms. ALLSTON DEVELOPMENT GROUP HARVARD UNIVERSITY Capital Program Management April 10, 2009 Allston Development Group April 10, 2009 Framework Planning Programming Design Short Term Financing Allston Development Group Construction Operations Long Term Financing April 10, 2009 Key Issues • Leadership - Leadership vs. Management - Vision • People - Motivated, talented, experienced, team player, passion for work • Design Impact - Cost impact curve • Program vs. Project Allston Development Group April 10, 2009 Setting Up a Program • • • • Create a Vision Create a Strategy (Ex. academic strategy) Build a Team- Internal/External Establish Management Systems Allston Development Group April 10, 2009 Selecting Firms • • • • Qualifications Experience Availability Staff vs. firm and marketing Allston Development Group April 10, 2009 Typical Program Management Tasks • • • • • • • • • Planning and Permitting Communications Strategy Community Relations Stakeholder Management Financing Strategy and Cost Management Contracting Strategy Risk Management MBE/WBE Participation Project Delivery Allston Development Group April 10, 2009 Measures of Success • Short Term - Budget - Schedule - Quality - Safety • Long Term - Vision met - Goals accomplished Allston Development Group April 10, 2009 Harvard University’s Allston Initiative Allston Development Group April 10, 2009 Harvard’s Campus Allston Development Group April 10, 2009 Harvard’s Campus Growth and Transformation • Approximately 225 acres in Cambridge and 350 acres in Allston • Approximately 23.4 Million gross square feet of building space. • Harvard’s growth rate is 1 Million to 1.5 Million square feet per decade Transformation of the MBTA Carbarns to the Harvard Kennedy School of Government Allston Development Group April 10, 2009 Harvard University Growth and Transformation 1937 2007 Approx. 6,731,092 Gross Square Feet Approx. 23,423,122 Gross Square Feet Allston Development Group April 10, 2009 Existing Conditions Allston Development Group April 10, 2009 Harvard’s Current Land Ownership in Allston Allston Development Group April 10, 2009 Uses Allston Development Group April 10, 2009 Master Plan Rendering Allston Development Group April 10, 2009 Harvard Allston Science Complex Behnisch Architekten Allston Development Group April 10, 2009 Allston Science Complex Barry’s Corner Allston Development Group April 10, 2009 Allston Science Complex • • • • • Multi-use science research and teaching facility Approximately 1 million SF 1,000-1,200 faculty, students and staff Stem Cell and Regenerative Biology Department Research initiatives – Bioengineering and Systems Biology • Dining facility, catering and rooftop bar • Child daycare center (68 slots) • 3 retail storefronts on Western Ave. Allston Development Group April 10, 2009 Allston Science Complex Allston Development Group April 10, 2009 Allston Science Complex BIV BI BII BIII View of Building I looking southwest from Western Avenue Allston Development Group April 10, 2009 Allston Science Complex Perspective view into the yard from Western Avenue looking south Allston Development Group April 10, 2009 Allston Science Complex August 2008 Allston Development Group April 10, 2009 Allston Science Complex October 2008 Allston Development Group April 10, 2009 Allston Science Complex February 2009 Allston Development Group April 10, 2009 Allston Science Complex April 2009 Allston Development Group April 10, 2009 MIT OpenCourseWare http://ocw.mit.edu 1.040 Project Management Spring 2009 For information about citing these materials or our Terms of Use, visit: http://ocw.mit.edu/terms. Project Organization Project Management 1.040/1.401J Spring 2009 Spring Fred Moavenzadeh Department of Civil and Environmental Engineering Massachusetts Institute of Technology Broad Delivery Method Space Broad Direct Financing Integrated Organization Segmented Organization Indirect Financing Most Common Delivery Methods Most Owner Owner A/E General Contractor C/M Subcontractor Subcontractor Subcontractor Traditional Design-Bid-Build Trade contractor Trade contractor Trade contractor Design - Build Owner A/E Trade contractor Trade contractor Pure or Agency Construction Management Owner C/M A/E Trade contractor Construction Management at Risk Contractual Relationship Communicational Relationship Constructio D/B Entity n Function Sub contractor Sub contractor Design Function Sub contractor A Bit of History (Western World) Bit „ „ Antiquity, Middle Ages: Design build 15th century „ „ „ 18th century: Century of engineering „ „ „ General contractor in charge o...
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