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Streamlining project delivery through risk analysis.
  • Published Date:
    2015-08-01
  • Language:
    English
Filetype[PDF-2.97 MB]


Details:
  • Publication/ Report Number:
    FHWA-GA-15-1305
  • Resource Type:
  • Geographical Coverage:
  • Format:
  • 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.

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