Everything local governments need to plan, fund, and actually finish their capital projects — from building a multi-year CIP to the ownership and review habits that keep it on track. Backed by ClearPoint data on 3,131 capital projects across 100 local governments.
A capital improvement plan (CIP) is a multi-year schedule of an organization's major capital projects — what will be built, replaced, or rehabilitated, in what order, at what cost, and from which funding source. ClearPoint data covering 3,131 capital projects across 100 local governments found that 54% have no named owner, and that is the single most common reason a fully funded capital plan still misses its delivery dates. A CIP fails at the ownership and review layer far more often than it fails at the funding layer.
A CIP is easy to write and hard to keep. Of 3,131 local-government capital projects, only about 13% ever finish - here's what the cities that finish theirs do right.
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