1.011 | Spring 2011 | Undergraduate

Project Evaluation


Course Textbook

[Martland] = Martland, Carl D. Toward More Sustainable Infrastructure: Project Evaluation for Planners and Engineers. Wiley, 2011. ISBN: 9780470448762.

L1 Introduction and motivation; Initial discussion of project

Plotkin, Natasha. “To-do Maintenance: $2.1 Billion Required.” The Tech, January 19, 2011.

L2 Introduction to public and private projects, evaluation methods and project evaluation checklists

“Public Perspective: Economic, Environmental, and Social Concerns.” Chapter 4 in [Martland].

Gawande, Atul. “The Checklist.” Chapter 2 in The Checklist Manifesto. Metropolitan Books, 2009. ISBN: 9780805091748.

Nakagawa, Manabu. “Macro-engineering: From the Grand Canal of China to the Colonization of the Moon.” Chapter 2 in Macro-Engineering Global Infrastructure Solutions. Edited by Frank P. Davidson, and C. Lawrence Meador. Ellis Horwood, 1993. ISBN: 9780135538760.

L3 Stakeholder analysis and multi-attribute analysis

“Introduction.” Chapter 1 in [Martland].

“Comparing Strategies for Improving System Performance.” Chapter 5 in [Martland].

Gawande, Atul. “The End of the Master Builder.” Chapter 3 in The Checklist Manifesto. Metropolitan Books, 2009. ISBN: 9780805091748.

L4 Project costs and revenues; Stakeholder perspectives (public vs. private)

“Systems Performance.” Sections 2.2.4, 2.4.2, and 2.8 in [Martland].

“Equivalence of Cash Flows.” Sections 7.1-7.3 in [Martland].

L5 Time value of money; Equivalence relationships “Equivalence of Cash Flows.” Sections 7.4-7.8 in [Martland].
L6 Discount rates, minimally acceptable rate of return (MARR), rate of return on investment (IRR)

“Choosing a Discount Rate.” Chapter 8 in [Martland].

Stolberg, Sheryl Gay. “Obama Unveils Wireless Expansion Plan.” New York Times, February 10, 2011.

L7 Benefit cost analysis; Comparing alternatives; Financial and economic analysis

“Financial Assessment.” Chapter 9 in [Martland].

“Rules of the Game: Taxes, Depreciation, and Regulation.” Chapter 10 in [Martland].

L8 Financing “Public-Private Partnerships.” Chapter 12 in [Martland].
L9 Case: Panama Canal “The Panama Canal.” Chapter 6 in [Martland].
L10 High speed rail (HSR) case

Givoni, Moshe. “Development and Impact of the Modern High-speed Train: A Review.” Transport Reviews 26, no. 5 (2006): 593-611.

Albalate, Daniel, and Germa Bel. “High-Speed Rail: Lessons for Policy Makers from Experiences Abroad.” Research Institute of Applied Economics Working Paper, Universitat de Barcelona, March 2010.

L11 Term projects from previous years  
L12 Quiz review  
L13 Quiz (open-book, open-note)  
L14 HSR Case (cont.) Eilperin, Juliet. “Great Plains Oil Pipeline Plan Sparks Grass-roots Activism, High-stakes Lobbying.” Washington Post, January 23, 2011.
L15 Introduction to uncertainty, stakeholder analysis and Mitchell framework Mitchell, Ronald K., Bradley R. Agle, and Donna J. Wood. “Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of Who and What Really Counts.” Academy of Management Review 22, no. 4 (1997): 853-886.
L16 Dealing with uncertainty

Sussman, Joe. “The Tsunami That Wasn’t.” Teaching Note, March 7, 2010. (PDF)

———. “How Little Mistakes Can Lead to Big Differences in Outcomes: The Weather.” Teaching Note, February 25, 2010. (PDF)

L17 Dealing with uncertainty: Decision trees Sussman, Joe. “Did Belichick Make the Right Call?” Teaching Note, February 19, 2010. (PDF)
L18 Dealing with uncertainty: Real options Sussman, Joe. “Real Options — A Simple Illustration.” Teaching Note, April 28, 2010. (PDF)
L19 Case: Spent nuclear fuel, transportation to Yucca Mountain, Nevada  
L20 Project evaluation in developing countries, Case: Pure Home Water in Africa Nelson, Theresa, Cynthia Ingols, Jennifer Christian-Murtie, and Paul Myers. “Susan Murcott and Pure Home Water: Building a Sustainable Mission-Driven Enterprise in Northern Ghana.” Entrepreneurship Theory and Practice (2011).
L21 Public private partnerships

“Public-Private Partnerships.” Chapter 12 in [Martland].

“Towards More Sustainable Infrastructure.” Sections 15.1-15.2 in [Martland].

L22 Infrastructure banks  
L23 Project presentations  
L24 Project presentations (cont.)  
L25 Project presentations (cont.)  
L26 Wrap-up and summary  

Course Info

As Taught In
Spring 2011
Learning Resource Types
Problem Sets
Lecture Notes
Projects with Examples
Written Assignments