AWWA JTMGT69638

This powerpoint presentation begins by providing a brief overview of a multi-agency benchmarking program. It was designed to address key participant issues by: establishing a performance baseline for project delivery; determining how to evaluate performance relative to baseline (KPIs); identify key activities that drive performance; and, identify best practices relative to performance drivers (BMPs). Traditional perspectives on the efficiency of capital projects are presented, along with initial analyses and results, and development of improved key performance indicators (KPIs). Presentation conclusions indicate that there are still some weaknesses with the new regression model, including: full, consistent cost accounting by different agencies difficult to achieve; ignores cost-benefit trade-offs of decisions made over project lifecycle; vulnerable to price volatility; easy to manipulate data to produce desired results; difficult to collect data on enough projects for statistical significance; construction cost is not a consistently strong explanatory factor; and, other, unknown explanatory factors may also be important.