Transit agencies operate in a funding environment where many capital needs compete for limited funding. Foursquare ITP developed its Capital Project Prioritizer to provide transit agencies a defensible and quantitative means to prioritizing capital investments. Based on the priorities of the client, criteria are defined and scored that automatically measure a proposed investment on factors such as service delivery, operating efficiency, state of repair, and risk management.
Example Application: Foursquare ITP developed a capital project prioritization methodology for Hampton Roads Transit that allows the agency to better balance investment needs across the agency. The tool, updated annually, has been used on for many years and helps the agency streamline and justify its capital investment decision-making.