NOCoE’s Agency Perspectives on Cost / Benefit Methods and TSMO virtual peer exchange hosted transportation agency professionals with experience in developing, implementing, and justifying to decision-makers cost / benefit and/or return on investment analysis for TSMO projects and programs to support policy makers and agency leadership.
The peer exchange was held virtually using the NOCoE’s Zoom software and developed as a short one afternoon exposure to concise aspects of the topic. Staff from specific programs with experience in the topic were invited to speak and attend. The peer exchange was also open to state and regional TSMO stakeholders.
Topics included in this report, available below, include:
- FHWA and Leadership perspectives
- Application of cost/benefit analysis methods
- ITS Deployment evaluation and evidence-based decision-making
- Virginia DOT return on investment for TSMO approach
The report also outlines next steps and resources.