Risk Mitigation Strategies to Enhance the Delivery of Highway Projects PDF Download
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Author: Baabak Ashuri
Publisher:
ISBN:
Category : Highway planning
Languages : en
Pages : 336
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Book Description
Author: Baabak Ashuri
Publisher:
ISBN:
Category : Highway planning
Languages : en
Pages : 336
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Book Description
Author: Keith R. Molenaar
Publisher:
ISBN:
Category : Asset allocation
Languages : en
Pages : 76
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Book Description
Author: Ayodeji E. Oke
Publisher: Springer Nature
ISBN: 3031355571
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
This volume describes risk management practices in the construction industry in selected countries, with an emphasis on developing countries and how these countries can learn from the practices in more developed ones. Risk management in the construction industry can be difficult to understand due to the various complex procedures that are involved and to the unique concerns and contexts associated with each project. The industry has been a key contributor to the economic and social development of many countries of the world and is increasingly incorporating sustainability into its practices. However it is plagued by various risks that can affect the quality, cost, time and overall sustainability of projects. Therefore, there is need to effectively manage risk in order to ensure timely completion of construction projects in good quality and within budget, which in turn results in more efficient and often more sustainable practices. The book is divided into four parts. The first section features a primer on risk management practices as they pertain to the construction industry. The second part dives in to describe risk management in selected developing countries, including Malaysia, Qatar, Saudi-Arabia, South Africa, Sri-Lanka and Tanzania, as well as the city of Hong Kong. The third section describes the construction risk management practices of a selection of more developed countries with known risk management institutes and established practices of risk management. These countries include Australia, Canada, Sweden and United States of America. The fourth part offers a general overview of the definition, concepts and process of risk management based on reviewed literature. It also discusses the benefits of effective risk management to clients and to project teams, especially from the perspective of ensuring sustainability. This last section also summarizes the risk management practices in both developing and developed countries for the purpose of improving the practices in the former by learning from the latter.
Author: Stuart D. Anderson
Publisher: Transportation Research Board
ISBN: 0309098750
Category : Highway planning
Languages : en
Pages : 290
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Book Description
'TRB's National Cooperative Highway Research Program (NCHRP) Report 574: Guidance for Cost Estimation and Management for Highway Projects During Planning, Programming, and Preconstruction explores approaches to cost estimation and management designed to overcome the root causes of cost escalation and to support the development of consistent and accurate project estimates through all phases of the development process, from long-range planning, through priority programming, and through project design. NCHRP Web-Only Document 98 details the steps followed by the research team in the development of NCHRP Report 574"--Publisher's description.
Author: Velvet Fitzpatrick
Publisher: Purdue University Press
ISBN: 9781622600779
Category : Transportation
Languages : en
Pages : 112
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Book Description
A large number of uncertainties exist in the delivery of highway projects, and it is important to describe the extent so that budgeting and programming can be carried out in a manner that duly accounts for such uncertainties. The study investigates the sources of delivery variability (risk factors) that occur in the period between project proposed date and the letting date. Data on 366 highway projects were collected from the Indiana Department of Transportation Management Information Portal. Using statistical and econometric techniques, the data was analyzed to identify the potential risk factors and to determine the magnitude and direction of the influence of these risk factors. The study estimated the delivery variability inherent with each project type, providing a basis for rating highway projects in terms of their delivery risks and for incorporating probabilistic concepts in budgeting and programming.
Author: Stephen Ogunlana
Publisher: Routledge
ISBN: 1134019289
Category : Technology & Engineering
Languages : en
Pages : 677
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Book Description
Today’s businesses are driven by customer ‘pull’ and technological ‘push’. To remain competitive in this dynamic business world, engineering and construction organizations are constantly innovating with new technology tools and techniques to improve process performance in their projects. Their management challenge is to save time, reduce cost and increase quality and operational efficiency. Risk management has recently evolved as an effective method of managing both projects and operations. Risk is inherent in any project, as managers need to plan projects with minimal knowledge and information, but its management helps managers to become proactive rather than reactive. Hence, it not only increases the chance of project achievement, but also helps ensure better performance throughout its operations phase. Various qualitative and quantitative tools are researched extensively by academics and routinely deployed by practitioners for managing risk. These have tremendous potential for wider applications. Yet the current literature on both the theory and practice of risk management is widely scattered. Most of the books emphasize risk management theory but lack practical demonstrations and give little guidance on the application of those theories. This book showcases a number of effective applications of risk management tools and techniques across product and service life in a way useful for practitioners, graduate students and researchers. It also provides an in-depth understanding of the principles of risk management in engineering and construction.
Author: Jennifer Sue Shane
Publisher:
ISBN:
Category : Road work zones
Languages : en
Pages : 120
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Book Description
The goal of this research is to mitigate the risk of highway accidents (crashes) and fatalities in work zones. The approach of this research has been to address the mitigation of work zone crashes through the creation of a formal risk management model to be utilized during the construction management and administration of highway projects for all stages of the project life-cycle. The result of these efforts is realized through the design of an integrated risk management model. A standard risk management model has three components: risk identification, risk analysis, and risk response. The risks are identified by the factors that contribute to work zone crashes. The risk analysis involves understanding the tendency of a hazard to influence the frequency or severity of a loss, and the risk response relates to the appropriate countermeasures to the factors that contribute to work zone crashes. The number of hazards and mitigation strategies corresponding to work zone crashes can be substantial. The intent of this research is to develop a formalized risk management plan to identify potential hazards on plans, designs, or job sites and to cue a risk response to the hazards. Mitigation strategies may take the form of a mitigation "method" (alert motorist, assist worker/motorist, control motorist, inform motorist, and protect worker/motorist). The results of this research will be a formal step-by-step methodology to be utilized by managers and decision makers. Each stage of the project life-cycle (or Project Development Process) will provide a checklist of hazards and mitigation strategies. This research will also provide a qualitative method to assess the likelihood and severity of a hazard or multiple hazards on a roadway work zone. This research is intended to provide a holistic approach to risk management that is to be integrated into the existing corporate structure and not to be considered a standalone program. This integrated approach will allow a formalized procedure to be utilized by any member of an organization during all phases of the construction project life-cycle.
Author: Douglas D. Gransberg
Publisher: Transportation Research Board
ISBN: 0309143012
Category : Business & Economics
Languages : en
Pages : 137
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Book Description
TRB's National Cooperative Highway Research Program (NCHRP) Synthesis 402: Construction Manager-at-Risk Project Delivery for Highway Programs explores current methods in which state departments of transportation and other public engineering agencies are applying construction manager-at-risk (CMR) project delivery to their construction projects. CMR project delivery is an integrated team approach to the planning, design, and construction of a highway project, to help control schedule and budget, and to help ensure quality for the project owner. The team consists of the owner; the designer, who might be an in-house engineer; and the at-risk construction manager. The goal of this project delivery method is to engage at-risk construction expertise early in the design process to enhance constructability, manage risk, and facilitate concurrent execution of design and construction without the owner relinquishing control over the details of design as it would in a design-build project.
Author: Stuart Anderson
Publisher:
ISBN:
Category : Highway planning
Languages : en
Pages : 192
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Book Description
This guidebook demonstrates how a state transportation agency (STA) can improve its project scoping process (PSP) and practices to produce a project cost estimate and schedule that facilitate programming decision making and accountability. It illustrates the effort needed to develop a robust cost estimate and then manage to a baseline budget and scope throughout the project delivery cycle. The guidebook consists of two parts. Part 1, “Research Results about the PSP,” addresses the following issues: why STAs should formalize the PSP; current practices for PSP; and how agencies can implement an effective PSP. Part 2, “Implementation Guidelines,” provides an easy-to-understand layout and describes how to implement the PSP. The guidelines are divided into three sections. Each section details one of the three major activities of the PSP—develop the project, analyze the alternatives and document findings, and develop the recommended alternative. The guidelines also have two appendices. The first appendix summarizes the tools that can be used while performing different activities in the scope development process. The second appendix is the list of online links to various resources and tools to support the PSP, as referenced in this guidebook.
Author: Douglas D. Gransberg
Publisher:
ISBN: 9780309390606
Category : Engineering geology
Languages : en
Pages : 53
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Book Description
