MSRM Program, Class of 2019, Module 3 | New York
October 15-27, 2018
Managing Risk in Complex Capital Projects
Post-Module Assignment: The Tappan Zee Bridge Replacement Project
Instructions
Please answer the two multiple-part questions posed below as concisely and completely as possible using a maximum of four single-spaced written pages (12-point text font). Financial schedules, charts and annexes are permitted in addition to this mandatory 4-page word count.
The website links and resources provided below are sufficient to complete the assignment, although students are free to use any public information sources that they deem reliable and relevant.
This is an individual assignment and there should be no communication or coordination with other students in the class about this assignment. All submitted work should be in your own words. Students are expected to adhere to the Stern and New York University Honor Codes in preparing this assignment.
Questions
1. Using the project risk taxonomy discussed in class, analyze each of the major risk components for the Tappan Zee Bridge Replacement Project (also known as “The New NY Bridge” or “The Governor Mario M. Cuomo Bridge”), including a discussion of the key risk mitigants used for each category by the project sponsor.
2. How successful has the Tappan Zee Bridge Replacement Project been to date? Are there are potential drawbacks that you see over the remaining life of the project? What lessons can be drawn from the Tappan Zee Bridge Replacement Project for other PPP projects in the U.S.?
Website Links and Resources
https://www.transportation.gov/tifia/financed-projects/new-ny-tappan-zee-bridge-replacement
https://www.thruway.ny.gov/about/financial/bond/sales/2016a-jios.pdf
https://www.thruway.ny.gov/about/financial/bond/sales/2013a-jios.pdf
https://www.budget.ny.gov/pubs/archive/fy19/enac/fy19enacCP.pdf
https://nypost.com/2018/09/05/the-new-tappan-zee-shows-the-best-and-the-worst-of-cuomo/