Roadmap to Risk Management for Transportation Planning

Details

• Creators:
  Twaddell, Hannah ; Proctor, Gordon D. ; Varma, Shobna
• Corporate Creators:
  ICF ; Gordon Proctor & Associates
• Contributors:
  Macon, Tameka
• Corporate Contributors:
  United States. Department of Transportation. Federal Highway Administration
• Subject/TRT Terms:
  Forecasting Risk Assessment Risk Management Transportation Planning Uncertainty
• Publication/ Report Number:
  FHWA-HEP-18-076
• Resource Type:
  Tech Report
• Right Statement:
  Public Domain
• Geographical Coverage:
  United States
• Corporate Publisher:
  United States. Department of Transportation. Federal Highway Administration
• Abstract:
  This document provides broad guidance to help transportation agencies apply risk management methods and techniques to the planning process. Used widely in the corporate arena and increasingly by transportation agency managers, risk management provides a structured way to navigate the array of uncertainties, variabilities, and opportunities that may affect an entity’s attempts to achieve its objectives. The ability to assess risk is a fundamental skill for transportation planners. Basic functions such as forecasting changes in population, employment, and travel demand depend upon constantly evolving economic, environmental, technological, and sociological factors that can change unpredictably. Risk management can help planners to identify, quantify, and communicate the types and levels of uncertainty and variability that could influence those forecasts. The roadmap is organized into five sections: a description of risk management and its relationship to the planning process; essential planning functions that are inherently uncertain or subject to variability; steps to begin integrating risk management into planning; methods for documenting uncertainty and variability in plans and programs; and guidelines and “off the shelf” tools for risk assessment.
• Format:
  PDF
• Funding:
  DTFH6116D00015
• Collection(s):
  Federal Highway Administration
• Main Document Checksum:
  urn:sha-512:b9c1eeb2ab729e3c2dc4ec4bb6d674c52b3b086a2c1250e0f13335c6b2707f87c300bc26d829fb631d4dd065c1bf6ffab8244bc82aa124945e66e202b534ece0
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/84944/dot_84944_DS1.pdf
• File Type:
  [PDF - 844.04 KB ]