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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.