Infrastructure assessment: Difference between revisions

From TransitWiki
Jump to navigation Jump to search
Sbergstein (talk | contribs)
Created page with "Category:Capital planning and project delivery = Background = Agencies tend to select projects that, once constructed, do not generate ridership levels that warrant th..."
 
Sbergstein (talk | contribs)
No edit summary
Line 13: Line 13:
* No incentive to manage project costs because others are footing the bill
* No incentive to manage project costs because others are footing the bill


 
==Strategies==
== Improve modeling ==
=== Improve modeling ===
* [[Adjust forecast year]]
* [[Adjust forecast year]]




== Improve cost estimation ==
=== Improve cost estimation ===
* [[Conduct extensive engineering studies before deciding on alternative]]  
* [[Conduct extensive engineering studies before deciding on alternative]]  
* [[Reach out to stakeholders]]
* [[Reach out to stakeholders]]
Line 25: Line 25:




== Contain project cost ==
=== Contain project cost ===
* [[Clearly define scope and schedule]]
* [[Clearly define scope and schedule]]
* [[Increase cost estimate transparency]]
* [[Increase cost estimate transparency]]

Revision as of 22:55, 13 February 2012



Background

Agencies tend to select projects that, once constructed, do not generate ridership levels that warrant their construction. In short, many project projects are overbuilt and a less costly alternative would satisfy the project need.

A variety of political, financial, and accounting incentives support the construction of projects whose capacities far exceed demand, including:

  • Overestimated ridership from forecast modeling inputs that do not correspond with actual travel behavior
  • Unanticipated construction costs
  • Preference for large, splashy projects
  • No incentive to manage project costs because others are footing the bill

Strategies

Improve modeling


Improve cost estimation


Contain project cost