2008 NEWS
Fiscal Crisis and Capital Program Management (CPM)
The national fiscal crisis we are experiencing has affected many of us on a personal level, as well as at a community level. Municipalities are experiencing reductions in their revenue base coupled with the rising costs associated with the maintenance of their infrastructure. And this is inhibiting their ability to provide a high level of services to their communities. Regardless of the constrained budgets that many municipalities now have to work with, the citizens in their communities still require and expect their local government to continue to provide the level of services in which they have become accustomed to. This is forcing municipal leaders to find a way to do "more with less" and to be more creative in generating additional dollars to help meet the needs of their citizens.
Given the implications of this fiscal crisis, we have chosen to launch a three part series on the options available to municipalities with respect to Capital Program Management. The components of the series will focus on:
- Capital Program Management Portfolio Optimization.
- Productivity in implementing Capital Program Management.
- Finding the Money
This series plans to produce an article on each element on a bi weekly schedule.
Our first article is on: CPM Portfolio Optimization.
The article will focus on the following components:
- Prioritization mechanism.
- Strategic and Tactical Planning.
- i.Coordination of multiple projects with consideration given to geographical and schedule implications.
- ii. Resiliency Planning as part of the strategic and CIP plans.
- iii. Convergence of Strategic Planning, Comprehensive Planning, and CIP Planning.
- Performance Measures.
Look for the first article in this series to appear on June 11, 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
- Part I:Identify and incorporate jurisdictional and fiduciary requirements…
- Part II:Identify external and internal stakeholder's information needs
- Part III:Plan and design systems to collect, store and analyze project data…
- Part IV:Regularly monitor capital projects’ financial and project activity
- Part V:Report on project status and activities
- Part VI:Project close-out.
- Part VII:Evaluate monitoring & reporting activities
