SUMMARY Denver International Airport is experiencing innovative changes through various initiatives and policies. Since DIA is the largest airport in the country, it is essential that budgetary and project planning be addressed and redeveloped in an efficient and productive manner. As a Senior Management Consultant, I am responsible for evaluating the cost and service challenges associated with the construction and operation of the new airport in Denver, Colorado. Additionally, the comprehensive report provided will recommend solutions and strategies to address these cost and service issues. Information gathered indicated that the DIA needs options to reduce the loss of travelers and revenue for the Colorado Springs Airport. Additionally, an assessment of key components and considerations results in a cost-benefit analysis for the construction of the new airport. As outlined in this report, the DIA will follow five steps that constitute the formal cost-benefit analysis for improved quality construction and operation. Additionally, the DIA's assessment reveals that several components were overlooked, resulting in cost overruns of $3.2 billion. Recommendations include strategizing cost and service issues, building a one-mile airstrip and a 10-step project planning guide. All three recommendations provide adequate solutions that will reduce the loss of travelers and revenue to the Colorado Springs Airport. This report is a comprehensive assessment with recommendations from extensive research from the Federal Aviation Administration (FAA), Project Management Life Cycle, and Cost-Benefit Analysis Guide. Scope and Methodology On October 31, 1994, the Federal Aviation Administration (FAA) distributed... ... middle of document ...... policies, procedures, and practices. Works Cited Federal Aviation Administration (1999). FAA Guide to Benefit-Cost Analysis at Airports. Retrieved June 29, 2010 from http://www.faa.gov/regulations_policies/policy_guidance/benefit_cost/media/faabca.pdf 33Federal Aviation Administration (2010). Analysis of costs and benefits. Accessed June 28, 2010, from http://www.faa.gov/airports/central/aip/benefit_cost/Method 123 Project Method Methodology (2009). Project management life cycle. Retrieved June 30, 2010 from http://www.mpmm.com/project-management-methodology.phpMikesell, JL (2007). Tax Administration (7ed.). United States: Thomson Wadsworth. Snyder B. (2010). The Top 5 Ways US Airways Could Increase Revenue or Reduce Costs. Retrieved June 27, 2010 from http://crankyflier.com/2008/07/11/top-5-ways-us-airways-might-increase-revenues-or-reduce-costs/