FHWA-PL-06-032, GUIDE TO RISK ASSESSMENT AND ALLOCATION FOR HIGHWAY CONSTRUCTION MANAGEMENT (OCT-2006)

FHWA-PL-06-032, GUIDE TO RISK ASSESSMENT AND ALLOCATION FOR HIGHWAY CONSTRUCTION MANAGEMENT (OCT-2006)., In 2004, a team of representatives from the Federal Highway Administration, State highway agencies, industry, and academia visited Canada, Finland, Germany, the Netherlands, Scotland, and the United Kingdom. The purpose of this International Technology Scanning Program study was to identify practices that might be evaluated and applied in the United States to improve construction management. One significant scan finding was that the countries visited had an advanced awareness of risk assessment and allocation techniques that are just now evolving in U.S. highway agencies. This instructional report was developed as part of the scan team’s implementation plan to raise awareness of risk management techniques and begin the process of incorporating risk management elements into the institutional structures of highway agencies. The report is designed to be used in conjunction with workshops on implementing risk management.