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CIP or Capital Program Management? ... Are there Best Practices?

As our customers know CIPPlanner lives in the Capital Program Management world. So when we reviewed the October recommended practice on Capital Project Monitoring we were very excited to see the GFOA continuing a steady march from CIP to Capital Program Management. Yes we are planning geeks. We were excited because the release brings together the substance of what good planning and monitoring are all about. We have been wrestling with how to tell our customer exactly why this recommended practice is so fundamental. In the end we decided that one article was simply not going to be enough. We decided to launch a seven part series on each component of the release to discuss at length the importance, issue and opportunities represented by each element:

1. Identify and incorporate jurisdictional and fiduciary requirements into capital monitoring and reporting.
2. Identify external and internal stakeholder's information needs.
3. Plan and design systems to collect, store, and analyze project data and to report results.
4. Regularly monitor capital projects' financial and project activity
5. Report on project status and activities.
6. Project close-out.
7. Evaluate and report assessments of project's activities.

The series plans to produce an article on each element on a bi weekly schedule.

Our first article is on: Identify and incorporate jurisdictional and fiduciary requirements into capital monitoring and reporting.

The article will provide discuss the following components:

• Auditing and financial reporting consistent with generally accepted accounting principles and jurisdictional accounting and grant requirements.
• Arbitrage regulations, bond covenants, and/or bond referenda requirements related to long-term debt.
• State and local laws, including such areas as debt capacity limits, voter authorization, as well as public bidding and reporting requirements.
• project contract language and the jurisdiction's contracting practices.
• The relationship between each project and the jurisdiction's planning processes, including specific plans and master plans.

Look for the 1st article in this series to appear on April 23, 2008.

For more information, please contact Art Kahn at 408-213-0133 or artkahn@cipplanner.com or visit our website at www.cipplanner.com.

Regards,

CIPPlanner Corporation

http://www.cipplanner.com