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Capital Program Management 

Calculation and Management of Program Contingency

Thursday, May 23, 2024

5:30 PM- 6:30 PM Social Hour

6:30 PM - 7:30 PM Dinner and Presentation

Presenters: Pradeep Chaphalkar, Ph.D. President Pradeep Consulting Services, Inc.

Event Sponsors: AACEI Southern California Chapter and LCI LA/OC Community of Practice

Abstract: For a large Capital Program, consisting of a large number of interdependent projects, determining the cost and the schedule contingency at a programmatic level is always a challenge. Everyone agrees that in addition to setting aside project contingencies for individual projects, maintaining appropriate capital reserve is a prudent policy. However, the agencies are often reluctant to set aside funds that could remain underutilized. Dr. Chaphalkar has been working at Los Angeles World Airports (LAWA) on the $30B capital program as Enterprise Risk Manager for the last eight years. He will present a proposed Weighted Decision Matrix model, to determine risk-based capital reserves. He will also discuss the developing schedule contingencies for interdependent project milestones, to ensure that the goals of the capital program are achieved.

Where: Lido de Manhattan, 1550 Rosecrans Ave, Manhattan Beach, California 90266