Exploring Cost Management Challenges in Urban Infrastructure Projects:

A Case Study of New York City's Second Avenue Subway

Objective:

This assignment aims to analyze the cost management challenges encountered during the construction of

the Second Avenue Subway in New York City. By examining this case study, students will gain insights into

the complexities of managing costs in large$-$scale urban infrastructure projects.

Assignment Tasks:

$1.$ Introduction to Cost Management Challenges: Provide a brief overview of cost management in

project planning and execution. Discuss why effective cost management is crucial for the success

of a project.

$2.$ Case Study Introduction: Introduce the Second Avenue Subway project in New York City. Highlight

key facts, such as its historical background, purpose, and scope.

$3.$ Analysis of Cost Management Challenges: Identify and discuss the specific challenges faced

during the construc$$on of the Second Avenue Subway that contributed to its $$5$ billion

expenditure for two miles completed. Consider factors such as:

$$ Urban complexi$$es and logis$$cal challenges.

$$ Regulatory requirements and safety standards.

$$ Unforeseen geological condi$$ons$.$

$$ Budgetary pressures and $$meline extensions.

$$ Stakeholder engagement and community impacts.

$4.$ Lessons Learned: Evaluate the lessons learned from the Second Avenue Subway case study

regarding cost management in urban infrastructure projects. Discuss strategies for mitigating cost

overruns and improving cost management effectiveness in future projects.