Guidebook on risk analysis tools and management practices to control transportation project costs
Keith Robert Molenaar, Stuart D. Anderson, Cliff J. Schexnayder, National Research Council (U.S.). Transportation Research Board, National Cooperative Highway Research Program, American Association of State Highway and Transportation Officials, United States. Federal Highway Administration
Transportation Research Board, 2010 - Business & Economics - 119 pages
This guidebook provides guidance to state departments of transportation for using specific, practical, and risk-related management practices and analysis tools for managing and controlling transportation project costs. Containing a toolbox for agencies to use in selecting the appropriate strategies, methods and tools to apply in meeting their cost-estimation and cost-control objectives, this guidebook should be of immediate use to practitioners that are accountable for the accuracy and reliability of cost estimates during planning, priority programming and preconstruction.
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AAMVA agement agency allocating risks applied assessment and analysis base estimate beneﬁt Caltrans Chapter contingency estimate cost and schedule cost management Cost Risk deﬁned deﬁnition Design Phase Risk design-bid-build document Estimate Ranges ﬁnal ﬁrst ﬁve Guidebook Highway highway agencies identiﬁed risks identify implementation input list of risks major projects management practices ment mitigation and planning moderately complex projects monitoring and control Monte Carlo analysis output Phase Risk Allocation Phase Risk Assessment Phase Risk Mitigation Phase Risk Monitoring phases of project Planning Phase Risk priority Programming Phase Risk proj project complexity project delivery project development phases project development process Project Management Project Management Institute project scope provides qualitative quantitative risk analysis red ﬂag Red Flag Items require Risk Checklists risk events risk identiﬁcation risk management plan risk management process risk management steps risk planning risk register SHAs signiﬁcant speciﬁc strategy SWOT Analysis timate tion Trafﬁc Transportation uncertainty WSDOT