A risk-based approach to contingency estimation in highway project development

Building a Sustainable Future - Proceedings of the 2009 Construction Research Congress

Volumn , Issue , 2009, Pages 786-795

  Molenaar, Keith R ^a   Wilson, Craig R ^a  

^a UCB 450   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CONSTRUCTION COMPLEXITY; CONSTRUCTION MANAGER; CONTINGENCY MANAGEMENT; COST ESCALATION; DESIGN AND CONSTRUCTION; HIGHWAY PROJECTS; HIGHWAY RESEARCH; MINNESOTA DEPARTMENT OF TRANSPORTATIONS; QUANTITATIVE RISK ANALYSIS; RISK IDENTIFICATION; RISK-BASED APPROACH; TYPE II;

CONSTRUCTION INDUSTRY; HIGHWAY PLANNING; QUALITY CONTROL; RESEARCH; RISK ANALYSIS; RISK ASSESSMENT; RISK PERCEPTION; SAFETY FACTOR;

PROJECT MANAGEMENT;

EID: 69949097782     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1061/41020(339)80     Document Type: Conference Paper

References (12)

1. Anderson, S., Molenaar, K.R., and Schexnayder, C. (2007). Guidance for Cost Estimation and Management for Highway Projects During Planning, Programming, and Preconstruction, NCHRP 574, ISBN# 978-0-309-09875-5, National Cooperative Highway Research Program, Transportation Research Board of the National Academies, Washington, DC.
2. Caltrans (2006). Project Risk Management Handbook. Report of the California Department of Transportation (Caltrans), Office of Project Management Process Improvement. Sacramento, CA.
3. Curran, Michael W. (1998). Professional Practice Guide 2: Risk. Association for the Advancement of Cost Engineering International, Morgantown, WV.
4. Committee for Review of the Project Management Practices Employed on the Boston Central Artery/Tunnel ("Big Dig") Project (2003). Completing the "Big Dig": Managing the Final Stages of Boston's Central Artery/Tunnel Project, National Academies Press.
5. Federal Highway Administration (2004). Major Project Program Cost Estimating Guidance, Federal Highway Administration, Washington, D.C.
6. FHWA (2006). Risk Management Instructor Guide USDOT Federal Highway Administration, Washington D.C.
7. Grey, S. (1995). Practical Risk Assessment for Project Managers. John Wiley and Sons, Chichester, England.
8. Molenaar, K. R. (2005). "Programmatic Cost Risk Analysis for Highway Mega- Projects, " Journal of Construction Engineering and Management, Vol.131, No.3.
9. Molenaar, K.R., Diekmann, J.E, and Ashley, D.B. (2006). Guide to Risk Assessment and Allocation for Highway Construction Management, Report # FHWA-PL-06- 032, Federal Highway Administration, U.S. Department of Transportation, American Association of Stare Highway Transportation Officials, and the National Cooperative Highway Research Program, Washington, DC.
10. National Cooperative Highway Research Program, Washington, DC. NCHRP (2008). NCHRP 08-60 Project Description, http: //www.trb.org/TRBNet/ ProjectDisplay.asp?ProjectID=936, Viewed August 1, 2008.
11. "Pre-Project Planning: Beginning a Project the Right Way" (1994). Construction Industry Institute, Research Summary 39-1, The University of Texas at Austin.
12. WSDOT (2006). Basis of Estimate, Washington State Dept. of Transportation, Olympia, WA.