Streamlining project delivery through risk analysis.

Details

• Creators:
  Ashuri, Baabak ; Kingsley, Gordon ; Rogers, Juan ; Gahrooei, Mostafa Reisi ; Ilbeigi, Mohammad ; Sung, Elie Ji-Yun ; Toroghi, Shahaboddin (Sean) H.
• Corporate Creators:
  Georgia Institute of Technology
• Corporate Contributors:
  United States. Federal Highway Administration
• Subject/TRT Terms:
  Construction Projects Costs Delays Project Delivery Risk Analysis State Departments Of Transportation State Of The Practice Surveys
• Publication/ Report Number:
  FHWA-GA-15-1305
• Resource Type:
  Tech Report
• Geographical Coverage:
  Georgia
• Corporate Publisher:
  Georgia. Department of Transportation. Office of Research
• Abstract:
  Project delivery is a significant area of concern and is subject to several risks throughout Plan Development
  
  Process (PDP). These risks are attributed to major areas of project development, such as environmental
  
  analysis, right-of-way (ROW) acquisition, utilities coordination, third-party agreements, etc. The major
  
  challenge for GDOT is that the risks can negatively impact the project outcomes as cost overrun and schedule
  
  delay. However, if these risks could be identified early in the concept and scope development processes, their
  
  respective negative impacts on project outcomes could be reduced. The research objective of this study is to
  
  develop a comprehensive guidebook that advances the adoption of risk analysis tools in GDOT, in order to
  
  expedite project delivery. To achieve the research objective, various project risk management processes
  
  developed by different organizations were reviewed. Furthermore, current practice of risk management in
  
  different state DOTs were studied. Several state DOTs were surveyed and interviewed regarding their risk
  
  management programs. The results indicate that typically state DOTs determine the level and methods of risk
  
  management based on project size and complexity of the project. The level of risk management may vary from
  
  a simple risk register to a complex quantitative analysis. Then, a semi-structured interview was conducted with
  
  nine subject matter experts at GDOT. The key factors that influence risk management practices within GDOT
  
  were explored. The results were analyzed and a model explaining the current risk management practice and
  
  future needs was developed. A comprehensive list of potential risks for transportation projects was developed
  
  based on reviewing the academic/professional literature, current state of practice in risk management among
  
  leading state DOTs, and current state of practice of GDOT. During several meetings with higher level risk
  
  management experts at GDOT, the most important risks were indented and a short list of major potential risks
  
  was developed for each office at GDOT. Finally, a software tool specifically designed for identification and
  
  qualitative assessment of highway project risks during the pre-construction phase of the project was developed
  
  based on the shortlisted risk factors. The software program is equipped with the modification capability of
  
  adding new risk items and/or removing some of the predetermined risk factors from the assessment.
  
  
• Format:
  PDF
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:d6132580d0e91b6381092cb9996de6d010e6e91dbdd5e8286ca194e069687ddd
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/29370/dot_29370_DS1.pdf
• File Type:
  [PDF - 2.97 MB ]