Transportation risk management : international practices for program development and project delivery.

2012PDFTech ReportFHWA-PL-12-030;HPIP/8-12(3.5)EWRisk managementTransportation departmentsStrategic planningProduct developmentProject managementTransportation--Risk managementStrategic planningUnited StatesUnited States. Federal Highway Administration. Office of International ProgramsFHWA International Technology Scanning ProgramAmerican Association of State Highway and Transportation OfficialsNational Cooperative Highway Research ProgramNTL-PLANNING AND POLICY-PLANNING AND POLICYFederal Highway AdministrationManaging transportation networks, including agencymanagement, program development, and projectdelivery, is extremely complex and fraught withuncertainty. Administrators, planners, and engineerscoordinate a multitude of organizational andtechnical resources to manage transportationnetwork performance. While most transportationagency personnel would say that they inherentlyidentify and manage risk in their day-to-day activities,a recent study found that only 13 departmentsof transportation (DOT) have formal enterprise riskmanagement programs and even fewer have acomprehensive approach to risk managementat the corporate, program, and project levels