Difference between revisions of "Infrastructure assessment"

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(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...")
 
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* No incentive to manage project costs because others are footing the bill
 
* No incentive to manage project costs because others are footing the bill
  
 
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==Strategies==
== Improve modeling ==
+
=== Improve modeling ===
 
* [[Adjust forecast year]]
 
* [[Adjust forecast year]]
  
  
== Improve cost estimation ==
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=== 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]]
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== Contain project cost ==
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=== 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