FINANCE, BUDGET, AND AUDIT COMMITTEE
MARCH 15, 2017
CONSTRUCTION COMMITTEE
MARCH 16, 2017
Subject/Action
SUBJECT: FISCAL YEAR 2018 PROGRAM MANAGEMENT ANNUAL PROGRAM EVALUATION (APE)
ACTION: RECEIVE AND FILE
Heading
RECOMMENDATION
Title
RECEIVE AND FILE report on FY2018 Program Management Annual Program Evaluation (APE).
Issue
ISSUE
The Annual Program Evaluation (APE) is a priority initiative created to evaluate Metro's capital program annually. Given the challenges of managing a multi-billion dollar capital program, a comprehensive review of the risks associated with the cost and schedules of the program is conducted on an annual basis. This report summarizes the results of the FY2018 APE review performed by Program Management.
Discussion
DISCUSSION
The APE initiative is a comprehensive evaluation of Metro's capital program, including Transit, Highway, and Regional Rail projects. As part of the APE process, staff reviewed and updated project costs and schedule to current conditions, challenges, and risks. Any changes to project budgets/schedules and the reasons for the adjustments are to be reported to the Board once annually for approval. In addition, APE serves as a project management tool bringing greater consistency, transparency, and discipline to better manage and deliver Board-approved projects. The APE is a dynamic tool, which is updated annually as projects move towards completion and any changes approved by the Board are incorporated.
FY2018 APE Results
For the FY2018 APE, Program Management focused on new and carry-over projects to FY2018 with project cost estimated at $5 million or greater. Program Management staff evaluated sixty (60) projects, including 28 Transit projects, 25 Highway projects, and 7 Regional Rail projects (see Attachment A for a complete project listing) which total approximately $13.8 billion. Compared to the FY17 APE review, the FY18 program size has increased 25% or approximately by $2.8 billion.
The major...
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