Meeting_Body
CONSTRUCTION COMMITTEE
APRIL 18, 2019
Subject
SUBJECT: FISCAL YEAR 2020 PROGRAM MANAGEMENT ANNUAL PROGRAM EVALUATION
Action
ACTION: RECEIVE AND FILE
Heading
RECOMMENDATION
Title
RECEIVE AND FILE report on FY20 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 FY20 APE review performed by Program Management.
Background
BACKGROUND
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 toward completion and any changes approved by the Board are incorporated.
Discussion
DISCUSSION
FY20 Results
For the FY20 APE, Program Management focused on new projects, and projects that will carry-over projects through FY20, with project costs estimated at $5 million or greater. Program Management staff evaluated 64 projects, including nine Major Transit Construction projects, 23 Other Transit Capital projects, 27 Highway projects, and five Regional Rail projects (see Attachment A presentation for a complete project listing), which total approximately $18.3 billion. The program size has increased 14.4% from $16 billion in FY19 to...
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