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Hampton Roads Transit Capital Investment Prioritization Scheme

Hampton Roads Transit Capital Investment Prioritization Scheme. ABOUT HRT. 2 nd largest transit operator in Virginia 370 square mile service area spread across six jurisdictions Operates bus, light rail (opened in 2011), and ferry service. WHY PRIORITIZE CAPITAL NEEDS?.

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Hampton Roads Transit Capital Investment Prioritization Scheme

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  1. Hampton Roads Transit Capital Investment Prioritization Scheme

  2. ABOUT HRT 2nd largest transit operator in Virginia 370 square mile service area spread across six jurisdictions Operates bus, light rail (opened in 2011), and ferry service Foursquare ITP | HRT Capital Project Prioritization

  3. WHY PRIORITIZE CAPITAL NEEDS? Guide agency’s first ever Capital Investment Plan (CIP) Justify capital expenditures to stakeholders, especially local jurisdictions Decide between various important projects competing for the limited funding available Have a plan and become less reactive to capital needs Foursquare ITP | HRT Capital Project Prioritization

  4. CIP PROCESS Foursquare ITP | HRT Capital Project Prioritization

  5. PROJECT SUBMISSIONS • Departments submitted 77 projects valued at almost $200 million dollars • Wide range of projects such as new buses, IT modernization, facility upgrades, and security enhancements • Each department responsible for filling out a project score sheet for every capital submittal Foursquare ITP | HRT Capital Project Prioritization

  6. PRIOTIZATION SCORING SYSTEM • Based on responses on project score sheets: • 40% of score based on quantifiable benefits • 40% of score based on qualitative benefits • 20% of score based on adherence to agency strategic goals and objectives • Scoring automated through Access database Foursquare ITP | HRT Capital Project Prioritization

  7. EVALUATION CRITERIA • Based on senior executive team strategic workshop • Focus on customers • Attend to state of good repair needs • Make HRT more financially independent • Develop and maintain highly qualified and effective workforce • Prioritize projects needed to complete existing investments Foursquare ITP | HRT Capital Project Prioritization

  8. TROUBLESHOOTING • Submitters provided varying levels of detail on capital projects • Departments unable to quantify benefits • Project submissions had to be re-scored by one party for greater consistency/neutrality • Scoring system revised multiple times to give proper weight to those projects deemed most important Foursquare ITP | HRT Capital Project Prioritization

  9. KEY CONCLUSIONS • Involve decision makers from the start • Keep scoring metrics simple • Can’t rely on only quantitative measures • Need for balance between detail and simplicity Foursquare ITP | HRT Capital Project Prioritization

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