Question

Identify the methods for comparing and prioritizing infrastructure alternatives. Of the nine methods for comparing and prioritizing projects, which are the most commonly use methods and why?

Answer 1

The methods for comparing and prioritizing infrastructure alternatives are:
1. Simple cost basis
2. Simple cost basis plus other specified engineering factors
3. Life cost basis
4. Cost basis plus adjustments made for additional Screening criteria
5. Additional primarily cost driven methodologies for state and Local Infrastructure systems
6. Full Financial analysis
7. Benefit cost analysis
8. Multidimensional analysis
9. Special studies

The most commonly used methods are:
1. Simple cost basis: It helps to compare alternative based on cost per unit of constructed infrastructure like dollars per square meter of office space
2. Simple cost basis plus other specified engineering factors: It helps to understand the additional costs like maintenance and operation expenses
3. Cost basis plus adjustments made for additional Screening criteria so that it help to understand local and regional infrastructure systems
4. Additional primarily cost driven methodologies for state and Local Infrastructure systems
5. Full Financial analysis: Helps to understand the benefits and costs associated with the infrastructure alternatives