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Risk Assessment for Transit Capital Projects

Description:

Participants will learn the purpose of a risk review, necessary preparations required to undertake a risk assessment, principles of the methods used for risk assessment, and how such assessments are applied to the project management process. Topics include:

  • FTA's risk review requirements
  • Stages of project development when a risk assessment should be performed
  • Types of expertise necessary to conduct a risk assessment Evaluating a project's status
  • Identifying risks and mapping them to project components
  • Factoring risks
  • Risk assessment process, including Beta range factor concepts
  • Risk response
  • Risk protection, contingency analysis, and primary and secondary risk mitigation
  • Implementing and monitoring a Risk Management Plan

 

Audience:

This course is intended for government managers, contract managers, designers, and builders who are undertaking a transit capital project larger than $300 million. However, please keep in mind the content of this course is scalable for small and medium projects.

This is a comprehensive course. The following prerequisites are recommended:

  • General knowledge of transit systems and common design and construction issues;
  • Basic understanding of how New Starts transit development occurs within the context of the FTA funding assistance; and
  • Experience with standard project metrics, such as estimating and scheduling.

Goals:

The goal of this course is to provide an overview of the risk review process, as described by the Federal Transit Administration (FTA) Oversight Procedure (OP) documents, including particularly OP-40.


Length:
2.0 Days

Fee:
  • $300.00 for Contractor, Consulting, Non-USA Transportation or Government Agency, Other.
  • Free for all others.
 
CEU's: 1.50

Telephone:
848.932.6040

Email:
msirleaf@nti.rutgers.edu
 
Available Course Sections:
Details:
Start Date:
End Date:
Location:
Register Online:
01/13/2015
01/14/2015
Tampa, FL