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:
  • Project delivery
  • Risk analysis
  • Construction projects
  • Costs
  • Delays
  • State of the practice
  • State departments of transportation
  • 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.
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• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/29370/dot_29370_DS1.pdf
• File Type:
  [PDF - 2.97 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:d6132580d0e91b6381092cb9996de6d010e6e91dbdd5e8286ca194e069687ddd