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From page 44... ... 32 3 BUSINESS CASE METHODOLOGIES 3.1 INTRODUCTION A business case is an evidence-based justification for a proposed project or policy investment. It is presented in a structured manner that enables decision-makers to quickly assess the expected benefits from the investment against the organization's objectives and make informed investment decisions. Read the entire page →
From page 45... ... 33 that the status quo option may include consideration of other non-CV related strategies (e.g., TSMO strategies) over the planning period that are also expected to address the problems being articulated. Read the entire page →
From page 46... ... 34 Table 3-1. Steps for Defining the Problem Statement Step Description of Activity Define Case for Change Identify key external and internal drivers that support the case for change. Read the entire page →
From page 47... ... 35 When compared to other commercially available TSP solutions, the CV infrastructurebased TSP solutions offer greater reliability due to direct peer-to-peer communications, superior first cost benefits and approximately 50 percent improvement in travel time reliability. The DOT also proposes to use the CV infrastructure investments made to grant priority to snowplows during adverse winter weather events to clear the roads quicker and reduce adverse winter weather crashes by 10 percent. Read the entire page →
From page 48... ... 36 solution to address the identified problem or opportunity over the planning period. Explain the origins of the option and how the option addresses the problem and which strategic mechanisms it will use. Read the entire page →
From page 49... ... 37 Table 3-4 presents the sample goals and specific objectives for CV signal control applications (RLVW or TSP) and how they can be connected to the safety and mobility goals established in a DOT's existing strategic plans. Read the entire page →
From page 50... ... 38 Illustrative Strategic Case Evaluation Summary for SPaT Implementation for Priority Corridors of DOT ABC The TSP and Snowplow priority implementation within the CV environment using DSRC, RSUs, and OBUs offers superior benefits over the closest, state-of-the-art non-CV-based technology in the following ways: (1) lower first cost and life cycle maintenance costs; (2) Read the entire page →
From page 51... ... 39 Step Description of Activity Additional Considerations opportunities in cost and benefit efficiencies. Read the entire page →
From page 52... ... 40 Step Description of Activity Additional Considerations total benefits can be greater than the sum of their parts. Select the years of benefits accrual calibrated to CV market penetration rates. Read the entire page →
From page 53... ... 41 3.2.4.1 Benefit-Cost Analysis Tool A benefit-cost analysis spreadsheet tool (BCA tool) has been developed to provide inputs to a DOT's economic case. Read the entire page →
From page 54... ... 42 While selection of these applications was driven to an extent by the availability of benefit data from existing studies and pilot programs, the BCA tool's five applications provide a reasonable cross-section of the types of V2I applications that agencies are interested in, and by extension, applications for which agencies may need to make an economic case. To help illustrate this, Table 3-6 summarizes the alignment of the five applications with the external benefits and roadway types of interest, indicating representation across all characteristics. Read the entire page →
From page 55... ... 43 BCA Model Confidence Because the CV infrastructure environment is nascent and rapidly evolving, the key inputs of the BCA tool will, at best be, estimates and forecasts. Consequently, these estimates and forecasts are reflected in the outputs of the BCA tool. Read the entire page →
From page 56... ... 44 The safety benefits from deploying the Snowplow priority application were computed by considering the qualifying crashes per year that will be improved with the implementation of DSRC Snowplow priority application, The societal benefits of SPaT implementation for TSP and Snowplow priority were assessed. The DOT ABC identified potential safety benefits from upgrading signal controllers capable of delivering the SPaT message for TSP and Snowplow priority. Read the entire page →
From page 57... ... 45 Step Key Consideration 5. Alternative Funding Sources Identify alternative funding sources, such as grants, federal discretionary funds, or subsidies, if needed. Read the entire page →
From page 58... ... 46 Program (HSIP) , Interstate Maintenance, and the National Highway Freight Program (NHFP) Read the entire page →
From page 59... ... 47 Illustrative Financial Case Summary for SPaT Implementation for Priority Corridors of DOT ABC The DOT ABC estimated a $5 million capital cost for SPaT implementation on 200 signalized intersections. All six arterial corridors are on the National Highway System. Read the entire page →
From page 60... ... 48 Step Description of Activity Communicate the Procurement Model(s) and a Project Management Plan Communicate the procurement strategy to execute the delivery plan. Read the entire page →
From page 61... ... 49 interoperability and compliance with current and open standards. In lieu of a traditional "furnish and install" approach, the DOT should require device testing before purchasing and allow for sufficient time in the procurement schedule. Read the entire page →
From page 62... ... 50 to be procured, project size, statutory limitations, agency experience, staffing capabilities and availability, life cycle considerations (e.g., O&M) , financing, cost, and schedule. Read the entire page →
From page 63... ... 51 some of the deficiencies associated with traditional procurement; however, it is imperative that the DOT be flexible and creative with the procurement process. For example, as FDOT did, the procuring agency can issue RFIs to understand the market capabilities better. Read the entire page →
From page 64... ... 52 3.3 BUSINESS CASE SUMMARY This section synthesizes and presents the insights and key lessons identified in the preceding sections of the business case analysis for the decision-maker's consideration. The summary should: • Provide an overview of the key findings across each of the four cases for each option (including pros, cons, challenges, and risks) Read the entire page →
From page 65... ... 53 Because the project is eligible for funding under the federal-aid program, the share of federal funds will be 80 percent, while the DOT Capital Program will fund the remaining 20 percent of the capital costs. O&M costs will be covered through the DOT Highway System Maintenance funds. Read the entire page →

From page 44...

... 32 3 BUSINESS CASE METHODOLOGIES 3.1 INTRODUCTION A business case is an evidence-based justification for a proposed project or policy investment. It is presented in a structured manner that enables decision-makers to quickly assess the expected benefits from the investment against the organization's objectives and make informed investment decisions.