Close-out Memo: Survey of the Asset Monetization/Terminal Development Initiatives
We have completed our survey of the Asset Monetization/Terminal Development Initiatives, which we initiated on April 5, 2017. Our objective was to identify areas warranting further review that could help the company improve the efficiency and effectiveness of these key strategic initiatives. We appreciate the time and cooperation provided by company personnel, particularly Real Estate, Stations, and Facilities staff, during the course of our survey.
Based on the results of our survey, we are initiating an audit of the company’s near-term improvement projects at Washington Union Station, which include the concourse modernization, sub-basement structural replacement, and platform and track improvements. These projects are intended to complement the company’s future efforts to expand the station as part of the Terminal Development Initiative. Our objective is to assess the company’s management and oversight of these near-term projects in terms of cost, schedule, and performance.
During the audit, we plan to interview company officials, and analyze documents and data related to the projects’ cost, schedule, and performance. Our request for documents will be made as our work progresses. We will also work to minimize the impact of the audit by coordinating interviews and observations with staff in advance.