Developing the "Guide for the Process of Managing Risk on Rapid Renewal Projects" (2014) / Chapter Skim
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Pages 6-22
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6C h a p t e r 2 Overview Many transportation projects experience budget and sched ule overruns and other types of undesirable performance issues (e.g., excessive disruption of traffic, short life span) , which often result in other unfavorable outcomes (e.g., pub lic dissatisfaction, funding difficulties)
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7 2002, the task force conducted the first two pilots of ACTT; since then FHWA and AASHTO have carried forward the effort as managers of the ACTT program. Although construction is in the ACTT title, the program addresses all phases of project delivery.
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8that rapid renewal projects generally involve construction under traffic. Other skill sets -- structures; traffic engineering, safety, and intelligent transportation systems; innovative con tracting and financing; and geotechnical aspects, materials, and accelerated testing -- were all represented in more than 80% of the workshops.
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9 estimating process. Given the importance of contingency in managing budgets, this low proportion is unexpected, as is the fact that schedule contingency is generally even less defined.
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10 contingency at Project LeveL or Program LeveL State agencies can apply contingency at an individual project level or a program level. Applying contingency at a project level determines a contingency amount for an individual proj ect cost estimate on a projectbyproject basis.
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11 rapid renewal techniques)
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12 nontraditional methods of project delivery (e.g., design– build) , as well as accelerated construction methods.
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13 addressing the unique features of rapid renewal projects (as well as traditional projects) -- was required.
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14 to rapid renewal (e.g., brand the project, consider owner controlled insurance programs) or that some are actually risk management methods (e.g., require a pavement war ranty)
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15 Table 2.1. Rapid Renewal Inventory Overview Construction Structures Traffic Engineering/ Safety/ITS Innovative Contracting/ Financing Geotechnical Materials/ Accelerated Testing Public Relations Environment Roadway/ Geometric Design Right-of-Way/ Utilities/ Railroad Coordination Long-Life Pavements/ Maintenance • Closures • Preliminary work/staging • Project administration streamlining • Construction operations • Prefabrication • Component reuse • High- performance materials • Integral designs • Standardized design • Construction placement • Temporary structures • Long-life structural design • Advance planning • Alternate routes • Alternate modes • Improved physical separation • Coordinated emergency response • Signage and signalization • Closures • Work zones • Alternative financing • Project delivery • Procurement • Contract payment • Warranties • Alternative insurance • Advance contract packaging • Bonding/ performance securities • Subsurface exploration • Walls • Pavements • Alternative materials • Intelligent compaction • Material testing • Team integration • Single-point communication • Additional investment • Project branding • Stakeholder awareness • Performance measurement • Master planning • Context- sensitive solutions • Comprehensive scoping • Advance permitting • Alternate access • Alternate geometrics • Advance roadwork • Advance right-of-way planning • Early utility location • Common utility crossings • Early railroad coordination • Life-cycle design • Performance indicators • Long-life materials • Maintenance involvement Note: ITS = intelligent transportation system.
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16 Project Scope/Strategy/ Conditions Structuring Risk Identification Risk Assessment Risk Analysis Risk Management Planning Risk Management Implementation Figure 2.2. Risk management process.
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17 might be reduced as engineering reports or designs are completed and risks are avoided or reduced. Rapid Renewal Project Performance Objectives As previously discussed, the performance objectives for rapid renewal projects had to be expanded beyond simply mini mizing construction costs and schedule.
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18 For successful project structuring the research team devel oped the following: • A comprehensive but efficient format or outline for ade quately describing the relevant aspects of the subject project. • Standard simplified project flowcharts that graphically depict the sequence of major project phases, specifically for relatively simple traditional (design–bid–build)
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19 • Contingency and recovery analysis on the basis of miti gated project performance analysis (either quantitative risk analysis or the approximate mean value approach for relatively simple rapid renewal projects) and desired levels of confidence (target percentiles)
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20 Minnesota Department of Transportation (MnDOT) , New York State Department of Transportation (NYSDOT)
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21 The workshop duration was 2 days. Day 1 consisted of lec tures and exercises from the guide to provide a fundamental understanding of the risk management process and how to do each of the important steps, including project "structuring" for risk management, risk identification, risk assessment, risk management planning, and subsequent implementation.
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22 as significant notes (which can only be viewed completely in "notes page" view)
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