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- W240051637 abstract "This report documents the development of Guide for the Process of Managing Risk on Rapid Renewal Projects, which is geared to manage risk during rapid renewal projects. The report and the associated guide and supporting products provide information and tools that transportation agencies can use to apply risk management principles systematically to their projects. They are specifically useful for projects that are below $500 million. The primary objectives of Strategic Highway Research Program 2 (SHRP 2) Renewal Project R09 were to address the general lack of understanding of risk and risk management options associated with the unique aspects of rapid renewal projects and to develop practical guidance and materials for the application of risk management methods to the rapid renewal project development process in a manner consistent with state transportation agency business practices. The products developed as part of this project include (1) a comprehensive guide, with checklists and an example application, and (2) associated implementation materials for conducting risk management on nonmajor rapid renewal projects, including a presentation introducing the risk management process and a Microsoft Excel template (with user’s guide) for both documenting the process and conducting the necessary analyses. The report, guide, and training materials provide the state of the practice for risk management on rapid renewal projects, as well as a detailed process of risk identification and mitigation strategies. The materials will be useful to state departments of transportation, municipal agencies, and consultants working on projects that involve accelerated project delivery and will make the risk management process more accessible for use as a standard project solution." @default.
- W240051637 created "2016-06-24" @default.
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- W240051637 date "2014-02-01" @default.
- W240051637 modified "2023-10-18" @default.
- W240051637 title "Developing the Guide for the Process of Managing Risk on Rapid Renewal Projects" @default.
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- W240051637 doi "https://doi.org/10.17226/22271" @default.
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