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Guidebook on Risk Analysis Tools and Management Practices to Control Transportation Project Costs (2010) / Chapter Skim
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Pages 40-43

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
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From page 40...
... Figure 4.2 illustrates how the risk management process focus changes throughout the phases. In the planning phase, the process focuses on risk identification with some initial assessment and planning activities.
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From page 41...
... Chapter 5 – Guide to the Planning Phase Chapter 6 – Guide to the Programming Phase Chapter 7 – Guide to the Design Phase Risk Management ProcessAllocate Monitor and Control Identify Assess/ Analyze Mitigate and Plan Level of Complexity • Minor • Moderately Complex • Major Appendix A Chapter 5 – Guide to the Planning Phase Risk Management ProcessAllocate Monitor and Control Monitor and Control Identify Assess/ Analyze Mitigate and Plan Chapter 6 –Guide to the Programming Phase Risk Management ProcessAllocate Identify Assess/ Analyze Assess/ Analyze Mitigate and Plan Mitigate and Plan Chapter 7 – Guide to the Design Phase Risk Management Process Allocate Monitor and Control Identify Figure 4.2. Risk management focus within the project development phases.
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From page 42...
... I2.2 Not Used I2.3 Risk Checklists The use of a historical list of project risks from experience or specific past projects that is used to aid in the risk identification process. I2.4 Assumption Analysis The process of reviewing all assumptions for uncertainty that could generate risks.
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From page 43...
... R3.5 Estimate Ranges – Monte Carlo Analysis A risk analysis modeling method that uses repeated trials computing probabilistic outcomes of various risk events or uncertainties. The technique is used for both cost and schedule.
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Key Terms

  • phase risk
  • risk allocation
  • planning phase
  • analysis method
  • risk mitigation

  • design phase
  • programming phase
  • risk identification
  • swot analysis
  • monte carlo

  • flag item
  • risk register
  • risk events
  • risk checklist
  • risk analysis

  • management planning
  • identification process
  • project delivery
  • management plan
  • analysis methods

  • risk checklists
  • risk event
  • breakdown structure
  • itative analysis
  • fication process


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