At this stage, the CBA analysts should decide the geographical scope of the CBA. Decide whether analysis should be carried out on local, regional, national, or global level. Standing determines whose benefits and costs will be counted. Identify and make a list of interest groups or stakeholders that are likely to be affected by each project alternatives also an important part at this step.
According to the business case, from the objectives and the costs and the benefits of the project, it can be seen that the costs and benefits count from the local and state perspective. The travel time impacts, for example, will significantly influence to the people who live along the corridor and others who pass the road along the corridor. The project also count from the point of view of the ACT government as the project is part of the ACT government commitment to improve the ACT public transport system, and from businesses perspective as it will provide economic benefits. From the global standing, environmental benefits such as lower pollution and greenhouse effects also taken into account. Therefore, the business case presents a clear whose costs and benefits taken into account.
However, it would be better if the analysts make a list of interest groups/stakeholders that are likely to be affected by the project. In general, consider the following groups: consumers, firms, government and NGOs. Point out interest groups that get the benefits and who bear the costs.
At this step, the CBA
The project is located alongside and within existing road and rail transport corridors between the GCUH (Gold coast University
Identify the stakeholders for the case study. For each stakeholder list their name, title, role on the project (provider, reviewer, approver of requirements), influence on the project, and how they might be affected by the project.
Highways are extremely important to a nations development in economical way. The high quality road networks construction directly leads to an increase in the nation 's economy and its output by reducing the factors. For example, journey, time and costs. Such advantages can make the nation more economically attractive. According to Roger L. Brockenbrough(2009, p.2) Highway projects can possibly bring about huge social, environmental, and financial impacts and, as an outcome, are the subject of a broad range of environmental regulation. According to Chin, A.T.H. (2006, p.1-1), most highway programs depend on “pay-as-you go”, i.e., paying for construction, maintenance and administration as money got to be accessible from client charges. In many countries, even in great times incomes may not be sufficient. Increased public demand for transportation services continue to strain existing highway and drained financial resources.
Audience: The audience for this report is an industry decision maker, such as your supervisor or CEO, or a public policymaker, such as a politician or bureaucrat, who could act upon your recommendations or proposal. You will identify this decision maker in the Course Project topic proposal .
In the process of BCA, all benefits and costs should be quantified and monetised if feasible and material (Florio et.al 2007). This result is referred to as the Net Present Value (NPV) (Shrives et.al 2001). When the CSG managers choose the BCA, they can achieve obvious benefits from four aspects. At first, the BCA is focused on a specific community such as NSW and QLD that avoid other major negative impacts. Secondly, the development of each aspects is well considered by the BCA. For instance, the BCA usually assesses the changeable benefits and costs over time (Dickinson et.al 2015). Thirdly, the BCA is not only as a part of economic assessment but also can let decision-makers consider trade-offs which is helpful for assessment outcomes. At last, the BCA is comprehensive that includes all economic, social and environmental impacts. However, this key feature of the BCA brings decision-makers many uncertainties. For example, realistically, evaluation of some impacts is partly uncertain and subjective. Therefore, the positive NPV does always show the CSG projects are concerned by the public interest (Chen et.al 2013). Meanwhile, the BCA just pays attention on the economic benefits and costs, like the climate change and biodiversity such natural changes are often ignored. For example, when environmental and social issues are
Urban infrastructure almost includes everything in a city. It is urban infrastructure that ensures the stable operating of industry, qualities of citizens’ lives and efficient running of societies [1]. Transport system is of great importance. Bad traffic can cause many inconveniences to people and lessen the efficiency of physical distribution. Furthermore, roads are the blood vessels of economy. Without a well-designed traffic system, it is difficult to increase the fortunes of a city. Besides,
First off, public transportation has a positive effect on a community’s economic development. It saves travel time for commuters, reduces the cost of travel and has reliability benefits. By investmenting in public transportation we are making investments for the future. Improving and maintaining the public transport system will allow us to save travel time for commuters in the long run. It increases efficiency and boosts enthusiasm to travel by public transportation if the public knows that it is reliable and quick. In order to achieve this type of response from the public, money needs to invested into making the trains more durable and sturdy and to decrease waiting times by making service more frequent. For example, through the investment of public transport this allows more transportation services such as buses and subways to make the commute faster. With transport coming every seven minutes or so, people will travel to their destinations much
involved, and IRB representatives who will consider the projects based on the overall goal, unbiased by the
The CBA is mainly employed at the early stages of a project when different approaches or options are compared or appraised for the purpose of finding the right course.
Stakeholders: Identify all the major stakeholders in the DABHOL power project. What are the intended benefits and costs of this project for the stake holders? Analyze the roles, responsibilities and reward structure of the stake holders. Based on the case study do you foresee a need to change the reward structure?
I would chose 4 different non-management stakeholder groups below to critically evaluate the role of financial accouting in aiding the decision making processes:
Now a days due to increase in traffic, decrease in open areas and low allocation of funds, transportation planners are looking for other effective ways to overcome these problems. Introduction of low cost fuel-efficient cars and easy availability of car loans with interest free monthly payments have encouraged people to buy private vehicles which has increased congestion. The need for an efficient, accessible and feasible public transport system is needed more than ever.
Renewable and environmental friendly transportation programs have been extensively encouraged in highway projects in the latest years. Though there are numerous characterizations of what is renewable transportation, there has mostly been a qualitative reports of such plans in precedent efforts and works. The purpose of this paper is to propose an analysis for a low cost and sustainable highway approaches. One should note, that there is a substantial connection between highway design and maintenance. For instance, a well-made and preserved highway should equally diminish the first year and life process costs. However, commonly an exact explanation of maintenance for the “life process” cost study is not implemented in the proposal
The construction of transportation infrastructure to national economic strength and efficiency is usually mentioned as a key to promoting development. We believe that it provides a strong support for the both economics and social undertaking, so that it focuses on where people live and where businesses locate. In other words, the decision of transportation construction affect the land use patterns, the use of natural recourses, issues of urban sprawl, and the overall life quality. Modern transportation is a comprehensive transportation system composed of five modes of transportation, including highway, railway, waterway, aviation and pipeline. The road transport is the most extensive and most popular one that has a leading role among all transportations, especially the highway. Compare with the ordinary highway, the highway can increase the driving speed by 50% and increase transport capacity 2-6 times. Also, it can reduce 1/3 car accident and reduce 30% of fuel consumption. We can see that the development of the highway can effectively promote the growth of the national economy, speed up the process of urbanization, improve people 's living quality. It plays an important role in the development of automobile and other related industries. Also increase employment. In this case, the highway development has become a national traffic
This case is related to the infrastructure of Banglor Airport Road. Given case study here that has got several