FTA Oversight Procedures - Federal Transit Administration - U.S. ...
FTA Oversight Procedures - Federal Transit Administration - U.S. ...
FTA Oversight Procedures - Federal Transit Administration - U.S. ...
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Project Background Project descriptions and data shall be consistent with the Monitoring report<br />
guidance, current monitoring report and the most recent <strong>FTA</strong> New Start profile. Notwithstanding<br />
the foregoing, the work order manager may direct the contractor to use an identifiable draft version<br />
of these materials. Ridership shall include peak hour ridership data. Sub‐sectioning shall also<br />
include Guideway Components, Project Delivery Method, proposed Contract Packaging Strategy<br />
and, as applicable, Master Planning for the Corridor.<br />
Methodology This purpose of this section is to describe the PMOC’s methodology used to deliver<br />
the sampling plan, risk management products with separate sections for risk assessment, and<br />
mitigation forecasts. This shall present, discuss, and thoroughly demonstrate the contractor’s<br />
approach to developing the 10th percentile estimates. Subsection as appropriate, divided into<br />
subtasks.<br />
Risk Identification for SCC/Baseline Cost Estimate Units The purpose of this section is to<br />
present a synopsis of the capacity, scope, cost, schedule and contingency findings in other PGs.<br />
Present the cost estimate adjustments and selection of beta values for the Category Cost Risk<br />
Assessment; cost estimate adjustments shall identify whether there are mitigatable components.<br />
The Contractor shall present detailed data and analysis in a separate appendix as necessary in<br />
order to maintain readability of the report.<br />
All recommendations shall be adequately supported with analysis and rationales as well as<br />
identifying the current project status and timeframe of the baseline. The analysis shall be consistent<br />
with the Risk Mitigation structure and segregate risks into requirements, design, market and<br />
construction risk sub sections.<br />
A Risk Register shall be delivered as a separate appendix in the form of Excel or Access data tables.<br />
Risk Management Baseline The purpose of this section is to present the contractor’s initial<br />
Project Cost Risk Assessment, for comparison, throughout the future phases of the project.<br />
Risk Mitigation Framework The purpose of this section is to present the contractor’s<br />
recommendation for specific risk mitigation/transfer/sharing efforts by the grantee to reduce the<br />
perceived risks and potential variability of costs through each of the project milestones. The<br />
PMOC’s narrative should allow <strong>FTA</strong> management and the Grantee to maintain focus upon these risk<br />
mitigation/transfer/sharing efforts as the means to maintain the baseline cost estimate and avoid<br />
the potential cost escalation from these potential project risks.<br />
A subsection shall be included for each Mitigation Milestone that addresses:<br />
• Basis for Project Risk Status forecast.<br />
• Requirements risk status, Design risk status, Market/bid Risk status, Geotechnical/Utility<br />
Construction Risk status, Mid Range Coordination Construction Risk status and Start up<br />
risk.<br />
• Mitigation Objectives<br />
• The PMOC shall present its model‐based simulation of grantee implementation (expected<br />
outcomes achieved) of all identified mitigation activities/deliverables at each of the<br />
OP 40 Risk Assessment and Mitigation Review<br />
Revision 0, June 2008<br />
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