LACMTA I-5 HOV/ Truck Lanes Project from SR-14 to Parker Road
Supporting the FHWA Major Projects Process
Los Angeles County Metropolitan Transportation Authority (LACMTA)
Los Angeles, CA
Risk Assessment and Risk Management
Financial Plan Development
Project Management Plan Development
Artist rendering of the I-5 HOV/ Truck Lanes Project from SR-14 to Parker Road
SHA Analytics, LLC is assisting LACMTA’s Highway Program with it’s I-5 HOV/Truck Lanes Project from SR-14 to Parker Road. This project is classified as an FHWA Major Project. FHWA Major Projects are those with an estimated cost greater than $500 million and federal participation in project funding. FHWA Major Projects are subject to specific requirements, including an evaluation through FHWA’s project risk assessment process, referred to as the Cost Estimate Review (CER), as well as the requirement to develop and submit financial and project management plans to FHWA prior to the project funding agreement.
SHA Analytics, LLC leveraged its experience with supporting prior FHWA Major Projects through these processes. Our work involved preparing the project for FHWA’s CER process by developing the initial project risk register and assisting with other key inputs to the FHWA risk workshop. Our staff also participated in the CER workshop led by FHWA. Following the workshop, we worked alongside LACMTA to develop the Project’s Initial Financial Plan and Project Management Plan. These documents require coordinated input from multiple departments within LACMTA. Going forward, SHA Analytics, LLC continues to provide support to LACMTA on this project.