Advancing the Use of NCDOT’s New Risk Insight Tool (RIT) and Risk Management Playbook (RMP)

This technology transfer project is part of an effort by the North Carolina Department of Transportation's (NCDOT’s) Value Management Office (VMO) to further advance its current risk management program by promoting a new risk profiling tool that helps identify project risks and mitigation strategies. A previous research project (Report FHWA/NC/2021-16), conducted by the proposed principal investigator (PI), studied past claims and supplemental agreements for different project types to better understand risk profiles for various projects (e.g., rural, urban, and bridge replacement). As a result, an Excel-based Risk Insight Tool (RIT) and a Risk Management Playbook (RMP) were created, providing valuable risk insights and mitigation strategies to support project managers and their teams as they perform risk assessments. This project aims to ensure both the usability and usage of these tools by considering the development of a suitable “how to guide,” which may be in the form of standard operating procedures and/or training materials to maximize the benefits gained by the NCDOT.

Language

• English

Project

• Status: Active
• Funding: $23573
• Contract Numbers:

  TT2025-03

• Sponsor Organizations:

  North Carolina Department of Transportation

  Research and Development
  1549 Mail Service Center
  Raleigh, NC  United States  27699-1549
• Managing Organizations:

  North Carolina Department of Transportation

  Research and Development
  1549 Mail Service Center
  Raleigh, NC  United States  27699-1549
• Project Managers:

  Bryant, Catherine

• Performing Organizations:

  North Carolina State University

  Department of Civil, Construction and Environmental Engineering
  Raleigh, NC  United States  27695
• Start Date: 20240515
• Expected Completion Date: 20240930
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Risk assessment; Risk management
• Identifier Terms: North Carolina Department of Transportation
• Subject Areas: Planning and Forecasting; Transportation (General);

Filing Info

• Accession Number: 01937054
• Record Type: Research project
• Source Agency: North Carolina Department of Transportation
• Contract Numbers: TT2025-03
• Files: RIP, STATEDOT
• Created Date: Nov 15 2024 4:51PM