Innovative Contracting Risk Management Best Practices
项目名称: Innovative Contracting Risk Management Best Practices
摘要: Many transportation departments use innovative contracting methods to reduce the costs of constructing facilities, accelerate project completion schedules, manage project risks efficiently and to obtain greater certainty regarding future costs. Techniques to identify, evaluate, avoid, and manage risks are critical in achieving this goal. MDOT Innovative Contracting Unit (ICU) currently manages project risks based on project size and complexity, except for FHWA classified Major Projects ($500m+), for which FHWA required risk management protocols are observed. MDOT ICU is seeking to research risk management best practices to develop and formalize its project risk management procedures and template. The study will also improve the institutional understanding of the importance, benefits, and practicality of risk management and provide guidance to educate and train staff to implement the recommended best practices. Documenting the risk management best practices that have been effectively utilized in Michigan, in other states or internationally for future use in Michigan will help MDOT better manage project risk to improve its project delivery program.
资助组织: Michigan Department of Transportation
执行机构: RS&H, Incorporated
开始时间: 20200801
预计完成日期: 20210731
主题领域: Finance
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