Title page for ETD etd-12254-123510

Document Type thesis

Author Name Guo, Wei

URN etd-12254-123510

Title Development of a Framework for Preliminary Risk Analysis in Transportation Projects

Degree MS

Department Civil & Environmental Engineering

Advisors
Guillermo F. Salazar, Advisor
Frederick L. Hart, Department Head
Leonard D. Albano, Committee Member

Keywords
continuous risk analysis
risk management
transportation infrastructure projects
cost overrun
preliminary risk analysis

Date of Presentation/Defense 2004-12-20

Availability unrestricted

Abstract
Over the years, risk analysis methodologies have been developed and implemented by many industries. NASA has implemented a cost efficient Continuous Risk Analysis methodology with good results. The U. S. Department of Transportation also states that a continuous risk analysis is the key in identifying, addressing, and handling risks before they become threats to success. However, current practices seldom incorporate this concept into real transportation projects. In general, risk is simply disregarded in feasibility studies. One of primary reasons is the lack of a feasible and effective risk analysis approach to guide efficient implementation in real projects.

This thesis reviews current risk analysis practices used in public transportation projects. Using a case study, it also explores potential obstacles encountered in the implementation of systematic risk analysis. Finally, this thesis presents a preliminary risk analysis framework developed through the case study and enriched subsequently by incorporating material documented in the literature.

The proposed risk analysis approach is to help achieve continuous risk analysis in transportation projects by enabling early start, frequent implementation, extensive application and flexible adoption.

Files
GUOW.pdf

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Document Type	thesis
Author Name	Guo, Wei
URN	etd-12254-123510
Title	Development of a Framework for Preliminary Risk Analysis in Transportation Projects
Degree	MS
Department	Civil & Environmental Engineering
Advisors	Guillermo F. Salazar, Advisor Frederick L. Hart, Department Head Leonard D. Albano, Committee Member
Keywords	continuous risk analysis risk management transportation infrastructure projects cost overrun preliminary risk analysis
Date of Presentation/Defense	2004-12-20
Availability	unrestricted
Abstract Over the years, risk analysis methodologies have been developed and implemented by many industries. NASA has implemented a cost efficient Continuous Risk Analysis methodology with good results. The U. S. Department of Transportation also states that a continuous risk analysis is the key in identifying, addressing, and handling risks before they become threats to success. However, current practices seldom incorporate this concept into real transportation projects. In general, risk is simply disregarded in feasibility studies. One of primary reasons is the lack of a feasible and effective risk analysis approach to guide efficient implementation in real projects. This thesis reviews current risk analysis practices used in public transportation projects. Using a case study, it also explores potential obstacles encountered in the implementation of systematic risk analysis. Finally, this thesis presents a preliminary risk analysis framework developed through the case study and enriched subsequently by incorporating material documented in the literature. The proposed risk analysis approach is to help achieve continuous risk analysis in transportation projects by enabling early start, frequent implementation, extensive application and flexible adoption.
Files	GUOW.pdf