portfolio management & the unified transportation … · portfolio management and central...
TRANSCRIPT
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PORTFOLIO MANAGEMENT & THE UNIFIED TRANSPORTATION PROGRAM
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What is Transportation Planning?
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Transportation planning helps to establish the why, where, how, and when transportation
projects get funded and constructed
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What is the Funnel?
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What is Portfolio Management?
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How Does it Work?
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How is the Process Managed?
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How is the Pilot Review Cycle Going?
Contacted All 25 Districts and used the District Portfolio Tool to communicate
Progress, determine opportunities for optimization, and ensure projects are
scoped and developed.
Communication was Key. Each Process Owner delivered a message and
ensured that a standardized process was implemented.
Relationships were key. Each District and Division Staff worked to prioritize,
arrange, and standardize efforts to communicate information while filling the
funnel.
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Performance-based Planning & Related Initiatives
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Transparent performance-based planning and programming process.
Portfolio planning
initiative (Funnel)
Modernized Portfolio,
Project and Contract
Management (MPPM)
UTP development
Performance measures
and metrics
Project prioritization and
selection criteria
Planning organization
10-year plans
Core Strategy Team/
TxDOT mission, vision,
values, and goals
Sunset review
Adoption of HB 20-related
rules (FY 17)
Current departmental efforts HB 20 efforts Other efforts
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How Does the UTP and Funnel Work?
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Questions?
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How does the UTP Relate to Portfolio Management?
Portfolio The pipeline of programs, projects and proposals along with associated assets needed to deliver TxDOT’s transportation programs [i.e. Unified Transportation Program (UTP), State-wide Long Range Transportation Program (SLRTP), Statewide Transportation Improvement Plan (STIP)]
Program A collection of projects for planning and reporting activities. A program may also be a collection of smaller programs for planning and reporting activities. Three types of programs are: • Funding categories • District-wide initiative • Group of associated work requests
Project The undertaking to create, modify and/or maintain a unique asset.
Proposal The initiation of a project so initial data can be entered into the system. A proposal becomes a project when it is approved to enter a funnel stage (plan, develop, or construct.)
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What is Portfolio Management?
The Central Planning team uses Portfolio Management Techniques to
Optimize System Performance by ensuring that the Statewide Allocations are
effective, projects are developed, and letting is prepared.
Portfolio Management and Central Planning ensure Communication Flow is
concise, support is targeted, and information is consistent.
The Quarterly Review Process is designed to create a Funnel of Projects,
optimize those projects based on stage of development, and monitor the flow
of projects through the system.
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