Applications of Value Modeling to USACE Civil Works and Beyond
Abstract
The US Army Corps of Engineers (USACE) Civil Works (CW) portfolio includes $250 billion worth of capital assets. As infrastructure ages and budgets change, new asset management (AM) investment strategies are required to support the maintenance, repair, and replacement (MR and R) of these assets while also providing the greatest value to the USACE and to the Nation. Shrinking budgets and increased scrutiny of government expenditures drive efforts to determine how best to optimize government funds for infrastructure improvement. As a result, USACE-CW AM seeks to create a value model capable of calculating the benefit of MR and R project alternatives regardless of business line. Furthermore, USACE-CW seeks to explore whether such a value model could be used for the generation of defensible budgets that consistently bring high value to the USACE and to the Nation. Thus, this special report reviews past USACE CW efforts to develop a value model for decision analytics. This report also provides an introduction to value modeling while covering applications of value modeling in multiple areas, including AM and portfolio decision analytics.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 23, 2020
- Accession Number
- AD1102423
Entities
People
- Brent H. Hargis
- Christina H. Rinaudo
- Kathleen A. Staebell
- Kayla A. Cotterman
- Matthew D. Smith
- Richard C. Salter
Organizations
- Engineer Research and Development Center