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OCR for page 32
CHAPTER 5
The Nuts and Bolts: Development
and Implementation
Development Phase
CHAPTER 5 AT-A-GLANCE
The second component of the CACP process details the
This chapter includes
· Collaboration and communication techniques; Nuts and Bolts of the process to develop and to implement
· Process outlining and calendar setting for the the ACP. The first phase is Development, which is a system-
CACP process; atic approach to multi-year financial and capital planning.
· Financial planning and management; This phase is critical because it defines the content of the
· System for merit-based project prioritization; ACP that will be executed by the agency. Sound capital plan-
· Guidance to scope projects, develop cost estimates ning as described herein is good organizational and financial
and schedule projects; management because
· Calculate operating benefit and impact of capital
projects; · Good infrastructure management and investment are
· Long-term business viability analysis; and needed to ensure the basic safety, security and opera-
· Project risk assessments. tional efficiency of an airport.
· Carefully planned infrastructure investment can maxi-
mize the economic potential of an airport.
· Prudent management of facilities and investments can reduce future operating costs, help
avoid higher replacement costs, and minimize unexpected infrastructure crises.
· A more systematic approach to multi-year financial and capital planning can also benefit
the airport by improving the basis for intergovernmental cooperation decisions, by increas-
ing opportunities for lower-cost financing, and by improving access to state and federal aid
programs.
The five steps of the Development Phase described in this section are
1) ACP Policy: translate the agency's mission and goals into specific direction for the collabora-
tive execution of the ACP process.
2) Financial Planning and Management: analyze and evaluate the financial metrics, define the
financial models, and establish ACP financial policies.
3) Capital Planning and Management: generate the all-inclusive Project Request List (a draft list
of all potential projects) including scope, cost, schedule and operating budget impacts for all
projects.
4) Programming: prioritize and evaluate the Project Request List, run the financial model sce-
narios to analyze the list against agency goals and financial targets, and develop a draft ACP.
5) Airport Capital Plan: seek buy-in from all stakeholders and approval from the Approving
Authorities.
The steps of the Development and Implementation Phases are described in more detail below
and illustrated in Figure 6.
32
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The Nuts and Bolts: Development and Implementation 33
ACP
POLICY
Operating Budget Forecast
FINANCIAL Revenue Projections
PLANNING
Potential Funding Sources
Stakeholder Input
C APITAL
PLANNING Owner Input
Performance Feedback Loop
(Operations data, maintenance data,
Current Contracts
PROGRAMMING
Commitments
project evaluation data)
Change in scope
ACP REVIEW
& APPROVAL
PROJECT PLANNING
& DEFINITION
Owner Input
Stakeholder Input
DESIGN
Regulations
Operational Constraints
CONSTRUCTION
PROJECT CLOSEOUT
& EVALUATION
OPERATION
LEGEND
Phase 1, Development
Phase 2, Implementation
Figure 6. The development and implementation phases of the CACP process.
