A Risk-Based Approach to Protecting Capital Investments

As a result of a Top-to-Bottom-Review of the Capital Project Management (CPO) program, Guidehouse and the Federal Transit Administration (FTA) drafted a set of recommendations to enhance the program: a program responsible for protecting more than $100 billion in infrastructure project investments. Those recommendations included, in part, a risk-based approach to oversight and a Risk Evaluation Tool (RET). The RET provided FTA with unprecedented insight into the risk levels of major capital projects. These insights allowed FTA to better allocate oversight resources toward the projects that were deemed greater risks. The RET also provided FTA with a more structured approach toward developing project management oversight (PMO) requirements and formulating program budget requests. Through its partnership with Guidehouse, FTA has been able to completely transform the way it operates the PMO program.
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