This webinar is part of a 4-part series on The Infrastructure Challenge.

Purpose and Background

This webinar is the first of a four-part series that will discuss the infrastructure challenge we are currently facing and discuss strategies to help close the current gap. The webinar will open with a discussion of the ASCE Grand Challenge to reduce the life cycle cost of infrastructure by 50% by 2025 and foster the optimization of infrastructure investments for society.

This series discusses four major topic areas on closing the infrastructure gap:

• Prioritization
• Process improvement
• Achieving capital efficiency
• Closing the gap

Part 1 - Prioritization, looks at five topical areas - transformative vision; infrastructure needs; classes of factors, portfolio; program and project views; and project selection.

Part 2 - Process Improvement, encompasses eight areas - project initiation; project definition and approval; governance & organization; risk & opportunity; packaging & phasing; execution; O&M; and renewal.

Part 3 - Achieving Capital Efficiency, addresses two key questions - What is capital efficiency? How can it be influenced? - It also provides a look at levers for getting the biggest bang for the buck.

Part 4 - Closing the Gap, begins with defining the gap through life cycle analysis and conclude with some thoughts on how to close the gap and the role of ASCE members.

Primary Discussion Topics

• Transformative vision
• Infrastructure needs
• Classes of factors
• Portfolio, program and project views
• Project selection

Learning Outcomes

• Better understand ASCE's Grand Challenge and its importance in closing the infrastructure gap
• Understand the various considerations for constructing an infrastructure investment prioritization process
• Gain insight into the classes of factors to be considered in prioritization of infrastructure investments
• Better understand the typical factors to be considered in infrastructure investment prioritization

Webinar Benefits

• Recognize the importance of improved prioritization of infrastructure investments in a fiscally constrained environment
• Portfolio insights to help better allocate funding to different project types with a goal of transforming the infrastructure portfolio over time

Intended Audience

• Civil engineers/planners
• Infrastructure financial analysts, investors and agency CFOs
• Community advocates
• Government officials

Webinar Outline

• Transformative vision
• Infrastructure needs
• Classes of factors
• Portfolio, program and project views
• Project selection
• Key attributes of a transformative vision
• Infrastructure needs will address:
• Driving factors
• Projected needs
• Shortfalls in current needs projections
• Classes of factors to be addressed in infrastructure prioritization will discuss:
• Strategic objectives (SBO)
• Prioritization process
• Classes of factors
• Doing the right things
• Doing enough of the right things
• Doing right things right
• Mapping classes of factors to objectives
• Project categorization
• Requirements of a good prioritization methodology
• Elements of prioritization methodology
• Specific factors to consider
• Define Portfolio, program and projects
• Project portfolio evaluation methodology
• Characteristics of successful project portfolios
• Project selection in infrastructure project prioritization:
• Optimizing multiple objectives
• Avoiding bias