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From page 240... ... 238 CONTENTS Executive Summary 240 1.0 Introduction 240 1.1 Purpose and Objectives 240 1.2 Approach 241 2.0 Project Description 242 2.1 Project Summary 242 2.2 Base Project Schedule 242 2.3 Base Project Cost 242 2.4 Base Project Disruption 243 2.5 Trade-offs 243 2.6 Base Project Performance Analysis 244 3.0 Premitigation Risk Identification and Assessment 245 3.1 Assumptions and Exclusions 245 3.2 Premitigation Risk Register 245 4.0 Premitigation Risk Analysis 246 5.0 Risk Reduction Planning 247 6.0 Postmitigation Risk Analysis 247 7.0 Contingency Management 248 8.0 Recovery Planning 249 9.0 Risk Management Plan Implementation 249 10.0 Conclusions 250 Attachments Attachment 1 Project Description 250 Attachment 2 Base Project Performance 257 E RISK MANAGEMENT PLAN Read the entire page →
From page 241... ... 239 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS RISK MANAGEMENT PLAN Attachment 3 Unmitigated Risk Register 262 Attachment 4 Unmitigated Mean-Value Project Performance 291 Attachment 5 Risk Reduction Plan 295 Attachment 6 Mitigated Mean-Value Project Performance 312 Attachment 7 Contingency 316 Attachment 8 Recovery Plans 317 Addendum X 319 Read the entire page →
From page 242... ... 240 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS EXECUTIVE SUMMARY QDOT is planning to reconstruct and expand segments of two existing (intersecting) highways, US-555 and SH-111, through a rapidly developing suburban area. Read the entire page →
From page 243... ... 241 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS 1.2 Approach The approach taken in developing this plan consists of the following steps: • Project Description (Section 2) Read the entire page →
From page 244... ... 242 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS 2.0 PROJECT DESCRIPTION 2.1 Project Summary QDOT is planning to reconstruct and expand segments of two existing (intersecting) highways, US-555 and SH-111, through a rapidly developing suburban area. Read the entire page →
From page 245... ... 243 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS -- $2.0 million for right-of-way (ROW) acquisition; -- $1.0 million for utility relocations; -- $11.9 million for D-B design and construction plus QDOT contract administration. Read the entire page →
From page 246... ... 244 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS 2.6 Base Project Performance Analysis As presented in Attachment 2 (Table E.3) , the following mean base project performance measures were determined (using a Microsoft Excel workbook template) Read the entire page →
From page 247... ... 245 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS 3.0 PREMITIGATION RISK IDENTIFICATION AND ASSESSMENT 3.1 Assumptions and Exclusions Assumptions are necessary for any analysis, and the results of the analysis must clearly state the assumptions on which they are based. Risk assessments attempt to include all relevant issues so that the results are as inclusive and robust as possible (i.e., the results will "stand the test of time") Read the entire page →
From page 248... ... 246 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS rating-factor assessments before additional mitigation (from the Microsoft Excel workbook template) Read the entire page →
From page 249... ... 247 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS 5.0 RISK REDUCTION PLANNING In a facilitated environment, the project team and project-independent subject-matter experts: • First identified possible ways to reduce the significant risks (and exploit the significant opportunities) , as discussed in Chapter 4; and • Then assessed (by consensus) Read the entire page →
From page 250... ... 248 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS • Approximate mean values of base + risk project performance considering additional mitigation, including -- Project schedule (duration, start and end dates, float by activity, and key milestone dates) ; -- Project cost (unescalated and escalated, by activity and collectively) Read the entire page →
From page 251... ... 249 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS with the project team and project-independent subject-matter experts, considering the risks for each phase (see Attachment 7) Read the entire page →
From page 252... ... 250 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Monitoring is typically done via short interviews with select project staff (e.g., as part of weekly or monthly project progress meetings) , whereas updating requires additional effort (e.g., short workshop) Read the entire page →
From page 253... ... 251 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Figure E.2. QDOT US-555/SH-111 project schematic before and after upgrade. Read the entire page →
From page 254... ... 252 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Detailed Scope (Including Alternatives) • Upgrade the existing unlimited-access, two-lane US-555 into a limited-access, four-lane highway. Read the entire page →
From page 255... ... 253 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS the existing facility in the meantime. However, this approach would require more right-of-way (with greater business impacts) Read the entire page →
From page 256... ... 254 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS • Structural. See above. Read the entire page →
From page 257... ... 255 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS • Section 106. Potential historical buildings. Read the entire page →
From page 258... ... 256 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS bid, as well as the local contractor situation, QDOT anticipates four "good" proposals in response to its RFP, which could enhance competition. However, the successful proposals for two other recent QDOT D-B projects in this region bid higher costs than QDOT's internal estimates. Read the entire page →
From page 259... ... 257 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS ATTACHMENT 2. BASE PROJECT PERFORMANCE Project performance of interest generally consists primarily of • Schedule (especially through construction) Read the entire page →
From page 260... ... 258 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Project Cost Estimate The current project cost estimate (through construction) is shown in Table E.1. Read the entire page →
From page 261... ... 259 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS TABLE E.1. PROJECT COST ESTIMATE Quantity Unit of Measure Unit Cost ($) Read the entire page →
From page 262... ... 260 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Construction Subtotal A (before mobilization [mob] , traffic control, and other miscellaneous items) Read the entire page →
From page 263... ... 261 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS QDOT US 555 / SH 111 Risk Management Plan TABLE E.3. BASE PROJECT PERFORMANCE Note: From rapid renewal risk management planning template (http://www.trb.org/main/blurbs/168369.aspx) Read the entire page →
From page 264... ... 262 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS ATTACHMENT 3. UNMITIGATED RISK REGISTER The risk register for the project (as described in Attachments 1 and 2) Read the entire page →
From page 265... ... 263 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS N ot e: F ro m r ap id r en ew al r is k m an ag em en t pl an ni ng t em pl at e (h tt p: // w w w .t rb .o rg /m ai n/ bl ur bs /1 68 36 9. Read the entire page →
From page 267... ... 265 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 268... ... 266 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 269... ... 267 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 270... ... 268 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS (c on tin ue d) Read the entire page →
From page 271... ... 269 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 272... ... 270 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS (c on tin ue d) Read the entire page →
From page 273... ... 271 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 274... ... 272 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 275... ... 273 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 276... ... 274 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS (c on tin ue d) Read the entire page →
From page 277... ... 275 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 278... ... 276 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS (c on tin ue d) Read the entire page →
From page 279... ... 277 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 280... ... 278 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 281... ... 279 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 282... ... 280 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 283... ... 281 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 284... ... 282 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS (c on tin ue d) Read the entire page →
From page 285... ... 283 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 286... ... 284 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 287... ... 285 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 288... ... 286 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS (c on tin ue d) Read the entire page →
From page 289... ... 287 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 290... ... 288 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS (c on tin ue d) Read the entire page →
From page 291... ... 289 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y IF C on d u ct in g O n ly a Q u al it at iv e R is k A ss es sm en t (E n te r E it h er M ea n R at in g s p er S ca le o r M ea n V al u es ) Read the entire page →
From page 293... ... 291 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS ATTACHMENT 4. UNMITIGATED MEAN-VALUE PROJECT PERFORMANCE The various base and unmitigated risk factors (as described in Attachments 2 and 3) Read the entire page →
From page 294... ... 292 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS N ot e: F ro m r ap id r en ew al r is k m an ag em en t pl an ni ng t em pl at e (h tt p: // w w w .t rb .o rg /m ai n/ bl ur bs /1 68 36 9. Read the entire page →
From page 296... ... 294 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS So ur ce : Fr om t he r ap id r en ew al r is k m an ag em en t pl an ni ng t em pl at e (h tt p: // w w w .t rb .o rg /m ai n/ bl ur bs /1 68 36 9. Read the entire page →
From page 297... ... 295 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS ATTACHMENT 5. RISK REDUCTION PLAN The plan for proactively reducing individual risks (as identified, described, assessed, evaluated, and finally ranked in Attachments 3 and 4) Read the entire page →
From page 299... ... 297 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS R is k R is k or O p p or tu n it y A d d re ss ed a P ot en ti al R is k M an ag em en t A ct io n sb C os t to I m p le m en t A ct io n s (i m p ac ts t o af fe ct ed a ct iv it y) Read the entire page →
From page 301... ... 299 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS R is k R is k or O p p or tu n it y A d d re ss ed a P ot en ti al R is k M an ag em en t A ct io n sb C os t to I m p le m en t A ct io n s (i m p ac ts t o af fe ct ed a ct iv it y) Read the entire page →
From page 302... ... 300 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS R is k R is k or O p p or tu n it y A d d re ss ed a P ot en ti al R is k M an ag em en t A ct io n sb C os t to I m p le m en t A ct io n s (i m p ac ts t o af fe ct ed a ct iv it y) Read the entire page →
From page 303... ... 301 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS R is k R is k or O p p or tu n it y A d d re ss ed a P ot en ti al R is k M an ag em en t A ct io n sb C os t to I m p le m en t A ct io n s (i m p ac ts t o af fe ct ed a ct iv it y) Read the entire page →
From page 305... ... 303 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS R is k R is k or O p p or tu n it y A d d re ss ed a P ot en ti al R is k M an ag em en t A ct io n sb C os t to I m p le m en t A ct io n s (i m p ac ts t o af fe ct ed a ct iv it y) Read the entire page →
From page 307... ... 305 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS R is k R is k or O p p or tu n it y A d d re ss ed a P ot en ti al R is k M an ag em en t A ct io n sb C os t to I m p le m en t A ct io n s (i m p ac ts t o af fe ct ed a ct iv it y) Read the entire page →
From page 309... ... 307 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS TA B LE E .9 . SU M M AR Y OF R IS K RE DU CT IO N ID EN TI FI CA TI ON A N D CO ST -E FF EC TI VE N ES S AS SE SS M EN T AN D EV AL UA TI ON N ot e: R is k re du ct io n id en tifi ca tio n is fo r ris ks a nd p er fo rm an ce t hr ou gh c on st ru ct io n on ly . Read the entire page →
From page 313... ... 311 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS N ot e: Fo r ris ks an d pe rf or m an ce th ro ug h co ns tru ct io n on ly ; fr om ra pi d re ne w al ris k m an ag em en t pl an ni ng te m pl at e (h ttp :// w w w .tr b. Read the entire page →
From page 314... ... 312 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS ATTACHMENT 6. MITIGATED MEAN-VALUE PROJECT PERFORMANCE The various revised base and mitigated risk inputs were used to calculate (using the Microsoft Excel workbook template) Read the entire page →
From page 315... ... 313 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Fi g u re E .4 . Read the entire page →
From page 316... ... 314 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS T ab le E .1 2. Read the entire page →
From page 317... ... 315 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS T ab le E .1 3. Read the entire page →
From page 318... ... 316 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS ATTACHMENT 7. CONTINGENCY For this project, the contingency requirements (both cost and schedule) Read the entire page →
From page 319... ... 317 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS ATTACHMENT 8. RECOVERY PLANS For this project, the cost and schedule recovery requirements for each phase are presented in Table E.15, both by project phase and cumulatively at the start of each project phase. Read the entire page →
From page 320... ... 318 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS TABLE E.16. RECOVERY PLAN BY PROJECT PHASE Project Phase Recovery Action Net Savings Cost (YOE $M) Read the entire page →
From page 321... ... 319 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS ADDENDUM X TO QDOT US-555/SH-111 RISK MANAGEMENT PLAN Quantitative Risk Analysis (Cost and Schedule Through Construction) A quantitative risk analysis was subsequently conducted on QDOT's US-555/SH-111 project, focusing on cost and schedule through construction. Read the entire page →
From page 322... ... 320 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS • Mitigated Risk Results. The following mitigated results were generated: -- Approximate mean values of mitigated base + risk schedule and cost by flowchart activity (see Table E.23) Read the entire page →
From page 323... ... 321 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS 54 2014.01.14 R09 Guide Appendix E_Final For Composition.Docx CBaum 2/24/14 10:49 AM Deleted: 2013.12.19 R09 Appendix E_Final For Composition.Docx Figure E.5. QRA project flowchart through construction. Read the entire page →
From page 326... ... 324 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Q D O T P ro je ct E st im at e Q u an ti ty U n it o f M ea su re U n it C os t D es cr ip ti on o f W or k It em Lo w ( 1 0 th P er ce n ti le ) Read the entire page →
From page 327... ... 325 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Q D O T P ro je ct E st im at e Q u an ti ty U n it o f M ea su re U n it C os t D es cr ip ti on o f W or k It em Lo w ( 1 0 th P er ce n ti le ) Read the entire page →
From page 328... ... 326 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS TABLE E.18. QRA UNMITIGATED BASE COST (continued) Read the entire page →
From page 330... ... 328 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y P ro b ab ili ty of O cc u rr en ce (% ) Read the entire page →
From page 331... ... 329 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y P ro b ab ili ty of O cc u rr en ce (% ) Read the entire page →
From page 332... ... 330 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y P ro b ab ili ty of O cc u rr en ce (% ) Read the entire page →
From page 334... ... 332 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y P ro b ab ili ty of O cc u rr en ce (% ) Read the entire page →
From page 336... ... 334 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y P ro b ab ili ty of O cc u rr en ce (% ) Read the entire page →
From page 339... ... 337 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y P ro b ab ili ty of O cc u rr en ce (% ) Read the entire page →
From page 341... ... 339 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y P ro b ab ili ty of O cc u rr en ce (% ) Read the entire page →
From page 343... ... 341 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y P ro b ab ili ty of O cc u rr en ce (% ) Read the entire page →
From page 345... ... 343 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y P ro b ab ili ty of O cc u rr en ce (% ) Read the entire page →
From page 347... ... 345 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS It em R is k or O p p or tu n it y P ro b ab ili ty of O cc u rr en ce (% ) Read the entire page →
From page 351... ... 349 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS 57 2014.01.14 R09 Guide Appendix E_Final For Composition.Docx CBaum 2/24/14 10:49 AM Deleted: 2013.12.19 R09 Appendix E_Final For Composition.Docx Figure E.6. QRA "raw" unmitigated cost and schedule simulation results (through construction) Read the entire page →
From page 352... ... 350 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS 59 2014.01.14 R09 Guide Appendix E_Final For Composition.Docx CBaum 2/24/14 10:49 AM Deleted: 2013.12.19 R09 Appendix E_Final For Composition.Docx (a) Read the entire page →
From page 353... ... 351 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS 60 2014.01.14 R09 Guide Appendix E_Final For Composition.Docx CBaum 2/24/14 10:49 AM Deleted: 2013.12.19 R09 Appendix E_Final For Composition.Docx (c) Read the entire page →
From page 354... ... 352 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS TABLE E.22. QRA UNMITIGATED COST UNCERTAINTY CONTRIBUTORS Rank Contribution to 80th Percentile of Project Cost (YOE $M) Read the entire page →
From page 355... ... 353 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Figure E.8. QRA Unmitigated cost uncertainty key contributors (through construction) Read the entire page →
From page 357... ... 355 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS 64 2014.01.14 R09 Guide Appendix E_Final For Composition.Docx CBaum 2/24/14 10:49 AM Deleted: 2013.12.19 R09 Appendix E_Final For Composition.Docx Figure E.9. QRA "raw" mitigated cost and schedule simulation results (through construction) Read the entire page →
From page 358... ... 356 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS Figure E.10. QRA Mitigated cost and schedule uncertainties (through construction) Read the entire page →
From page 359... ... 357 GUIDE FOR THE PROCESS OF MANAGING RISK ON RAPID RENEWAL PROJECTS 66 2014.01.14 R09 Guide Appendix E_Final For Composition.Docx CBaum 2/24/14 10:49 AM Deleted: 2013.12.19 R09 Appendix E_Final For Composition.Docx (b) Read the entire page →

From page 240...

... 238 CONTENTS Executive Summary 240 1.0 Introduction 240 1.1 Purpose and Objectives 240 1.2 Approach 241 2.0 Project Description 242 2.1 Project Summary 242 2.2 Base Project Schedule 242 2.3 Base Project Cost 242 2.4 Base Project Disruption 243 2.5 Trade-offs 243 2.6 Base Project Performance Analysis 244 3.0 Premitigation Risk Identification and Assessment 245 3.1 Assumptions and Exclusions 245 3.2 Premitigation Risk Register 245 4.0 Premitigation Risk Analysis 246 5.0 Risk Reduction Planning 247 6.0 Postmitigation Risk Analysis 247 7.0 Contingency Management 248 8.0 Recovery Planning 249 9.0 Risk Management Plan Implementation 249 10.0 Conclusions 250 Attachments Attachment 1 Project Description 250 Attachment 2 Base Project Performance 257 E RISK MANAGEMENT PLAN