RES2023-02: Risk Assessment Tool
| 项目名称： | RES2023-02: Risk Assessment Tool |
| 摘要： | An accurate estimation of a transportation project cost is essential to ensure timely completion of such project within the available budget that was approved during the fiscal year and long-term planning. However, past studies have shown that transportation construction project cost often exceeds the amount initially assigned during the planning phase. If any project exceeds its budget, other projects may be delayed or removed from the program, the project itself may be halted, or the scope of the project may be reduced. Thus, a reliable estimate must be prepared early during the project development instead of waiting till the bidding phase. However, producing an accurate estimate during the early phase is a challenge as limited information about the project may be known at that time. As such, instead of focusing solely on producing an accurate estimate, state highway agencies should also consider identifying, evaluating, and quantifying various risk factors that can affect the overall project cost. |
| 状态： | Active |
| 资金： | 150000 |
| 资助组织： | Tennessee Department of Transportation |
| 管理组织： | Tennessee Department of Transportation |
| 执行机构： | East Tennessee State University |
| 主要研究人员： | Shrestha, Joseph |
| 开始时间： | 20220801 |
| 预计完成日期： | 20230731 |
| 主题领域： | Construction；Finance；Highways；Planning and Forecasting |
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