Meeting_Body
CONSTRUCTION COMMITTEE
APRIL 12, 2018
Subject
SUBJECT: FISCAL YEAR 2019 PROGRAM MANAGEMENT
ANNUAL PROGRAM EVALUATION
Action
ACTION: RECEIVE AND FILE
Heading
RECOMMENDATION
Title
RECEIVE AND FILE report on FY2019 Program Management Annual Program Evaluation.
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 costs and schedules of the program is conducted on an annual basis. This report summarizes the results of the FY2019 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 process, staff reviewed and updated project costs and schedules 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 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.
FY19 Results
For the FY2019 APE, Program Management focused on new and carry-over projects to FY2019 with project cost estimated at $5 million or greater. Program Management staff evaluated 66 projects, including 31 Transit projects, 28 Highway projects, and 7 Regional Rail projects (see presentation for a complete project listing), which total approximately $16 billion. Compared to the FY18 APE review, the FY19 program size has increased 16% or approximately by $2.2 billion since the FY18 review.
The major focus remains on managing the projects wit...
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