Enhanced Risk Management for Surface Transportation Projects

Threats to develop transportation projects on-time and on-budget should first appear as project risks. Not properly identifying, evaluating, or responding to these risks can directly jeopardize the project’s success. The existing risk management guidance from Virginia Department of Transportation (VDOT) recommends practices that approach risk through a qualitative lens. The result is risk management practices among VDOT and locality project managers that vary widely. This initiative will create a Risk Library that quantifies risk in terms of impacts on project success, including budget impacts, schedule impacts, and realization of the project, along with strategies to reduce and mitigate risks at various stages in project development. Project risks will be identified by an extensive literature review and stakeholder outreach. Risk quantitative characteristics will be vetted by industry experts and approved by VDOT Project Management Office (PMO). The result will be a new Risk Library that will empower project managers and their teams to be more effective and efficient, while positioning VDOT to pursue unprecedented consistency of risk governance and risk integration into the development of their Six Year Improvement Program (SYIP).

Language

• English

Project

• Status: Active
• Funding: $125,488.00
• Contract Numbers:

  129474

• Sponsor Organizations:

  Virginia Transportation Research Council

  530 Edgemont Road
  Charlottesville, VA  United States  22903
• Managing Organizations:

  Virginia Transportation Research Council

  530 Edgemont Road
  Charlottesville, VA  United States  22903
• Project Managers:

  Miller, John

• Performing Organizations:

  University of Virginia, Charlottesville

  P. O. Box 400195
  Charlottesville, VA  United States  22904
• Principal Investigators:

  Tieman, Rob

• Start Date: 20260518
• Expected Completion Date: 20271130
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Project management; Risk management
• Identifier Terms: Virginia Department of Transportation
• Geographic Terms: Virginia
• Subject Areas: Administration and Management; Highways; Planning and Forecasting; Policy;

Filing Info

• Accession Number: 01989165
• Record Type: Research project
• Source Agency: Virginia Department of Transportation
• Contract Numbers: 129474
• Files: RIP, STATEDOT
• Created Date: May 14 2026 11:07AM