Risk-Factor Selection for Ancillary Traffic Structures | Presentation
This presentation focuses on asset condition for ancillary traffic structures. It applies current condition basis to existing structures and uses Design Criteria in the risk assessment for the design of new structures. It explains this information through a case study of asset risk in Delaware versus the District of Columbia.
Risk Management and Project Prioritization in an Integrated GIS Environment | Presentation
This presentation outlines asset management and the upcoming MAP-21 requirements. It then explores risk analysis, matrices, and probability of failure, including examples. It concludes by showing the use of risk assessment for budget forecasting for life-cycle planning using scenario simulation programs.
Communicating Multi-Objective Risk | Presentation
Asset ManagementThis presentation focuses on the management of geotechnical transportation assets including retaining walls, slopes, embankments, and subgrades. It outlines the MAP-21/FAST requirements for these types of assets and the biggest risks posed to them and their consequences. It concludes with a risk cube visualization exercise to understand a method for multi-objective risk management and evaluation.
Key Issues in Life-Cycle Planning of Chinese Transportation Asset Management | Presentation
This presentation gives an overview of life-cycle planning in asset management. It begins by giving background on Beijing's transportation assets and the bridge, railway, and pavement management systems it employs for life-cycle cost analysis of assets. It then explains the current asset management system. It concludes with the key issues that the Beijing Transportation Department is currently facing, including a sustainable asset management system, communication, and an effective data management system.
Active Asset Management Risk | Presentation
This presentation begins by defining the elements of risk and then risk itself. It explains the process used to quantify risk and the probability of failure. It concludes by explaining the application of this quantity in asset management and set goals for the future of risk based asset management techniques.
Flexibility as a Decision Support Strategy for Asset Risk Management | Presentation
This presentation outlines the CPCS process for life-cycle value assessments. The process is explained through a case study of the Delhi International Airport Limited project. It includes Monte Carlo simulations, demand projections, and future flexibility. It concludes that flexibility in technical design and and contracts could have positive effects for value at-risk and value shares.
Making the Business Case for Risk-Based Asset Management | Presentation
The presentation beings by defining asset management, life-cycle cost assessments, and risk based asset management requirements. It then works through case studies of Colorado road rehabilitation, Oregon seismic risks, and Alaskan climate change among others. It concludes by identifying the overall lessons learned.
Risk Informed Transit Asset Management: Best Practice and Approaches | Document
This presentation outlines the best practices for risk management. It begins by defining asset management and the advantages of an asset management plan. It then transitions into risk assessment and weighing uncertainty. It concludes with risk assessment best practices such as a risk informed asset management process, continual risk assessment revision, and a risk informed management plan.
An Outcome Based Scenario Approach for Analyzing Risk in Infrastructure Asset Management | Presentation
This presentation aims to explain scenario planning and its role in transportation planning. It begins by defining scenario planning, its history, and its current uses in transportation planning. It then outlines asset management decision making levels and uncertainty. It concludes by connecting scenario planning and asset management with techniques such as quantile regression and a case study.
Risk Analysis at Varying Levels of the Organization | Presentation
This presentation seeks to show the types of risk that different level employees identify throughout the North Carolina DOT (NCDOT) in order to give a more full picture of the risks faced by NCDOT. It gives examples of risks faced by maintenance crews, maintenance engineers, and NCDOT executives. It then compares the risks, pinpointing underlying commonalities, specifically manpower and funding.
Investment Level Impacts: How MnDOT is Using Risk to Inform Resource Allocation Decisions on the Operating Side of Its Budget | Presentation
This presentation focuses on the investment level impacts of risk management. Risk management is used in the intense planning process to prioritize funding for assets and services of MnDOT. It also provides strategies for risk mitigation and impact management.
Beyond the Risk Register – From Risk Analysis to Creating Strategies | Presentation
This presentation introduces the Colorado DOT's Risk Register Framework and its uses for risk management. It additionally introduces strategies like risk score by corridor, which enables agencies to assess risks across multiple asset types by location. The second half of the presentation focuses on overall performance risks and risk reduction strategy development.