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Guidebook on Risk Analysis Tools and Management Practices to Control Transportation Project Costs (2010) / Chapter Skim
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... 3. Risk mitigation and planning involves analyzing risk response options (acceptance, avoidance, mitigation, or transference)
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... Risk monitoring and control assists in contingency tracking and resolution. Keys to Success Lessons learned from the development of this Guidebook can be summarized in five keys to success for applying risk analysis tools and management practices to control project cost.
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Key Terms

  • risk allocation
  • risk mitigation
  • response options
  • risk identification
  • risk monitoring

  • risk analysis
  • risk response
  • management framework
  • allocating risks
  • management plan

  • construction project
  • ing risk
  • itative analysis
  • cost range


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