Below are the first 10 and last 10 pages of uncorrected machine-read text (when available) of this chapter, followed by the top 30 algorithmically extracted key phrases from the chapter as a whole.
Intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text on the opening pages of each chapter. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.
Do not use for reproduction, copying, pasting, or reading; exclusively for search engines.
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
OCR for page 33
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.