L. Strategic Master Planning:

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Studies are conducted at this stage to determine options for clear and acceptable business strategies prior to formal commitment to develop program(s) and projects. Effort spent in developing unambiguous and workable strategic direction is undeniably a good investment to ensure proper direction of subsequent effort.

Example Application:
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Project: 590km Railway - US$736M (click for details)
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Status: Concept Optimization (Preliminary Design Stage)
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Scope of Study: Line, rolling stock, signaling and communication, yards and stations.
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Workshop Output: Potentially reduced capital and lifecycle costs (US$20M, present worth). Significant opportunities for functional improvements and schedule savings were identified, leading to a projected earlier opening date (9 months improvement) and increased revenue.

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Project: New urban rail system: 65km, 55 stations - US$3.6B
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Mode and route selection, plus horizontal and vertical conceptual alignments and definition of extent.

The TEAM FOCUS Group Value and Risk Management approach is an excellent framework for conducting the Strategic Master Planning VIP for best results.

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