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Project Risk Management, Value Engineering and Constructability Reviews

Project Risk Management

An integral part of project management is controlling risk effectively and with transparency. Doing so shifts the odds in favor of achieving desired outcomes.

The risk management process includes:

  • Developing a plan of how we will manage risk.
  • Identifying risks.
  • Analyzing, evaluating and prioritizing those risks.
  • Strategizing how the project team will respond to the risk.
  • Implementing risk response strategies.
  • Ongoing risk review and monitoring.

Tools and Guidance

Project Risk Register

Guide to Managing Project Risks for ODOT STIP

Directive DES 01-02 - Managing Project Risks for ODOT STIP

Frequently Asked Questions

Statement of Work Template

Example Risks

Value Engineering

Value engineering is a systematic process we use to identify opportunities for:

  • Cost reductions.
  • Reductions in design duration and schedule duration.
  • Mitigation or avoidance of threat risks.
  • Enhancement or exploitation of opportunity risks.
  • Improvements in project performance.

Value engineering is used internationally. The Federal Highway Administration considers value engineering to be the most effective technique for identifying and eliminating unnecessary costs and enhancing value.

Tools and Guidance

Directive DES 01-03 - Value Engineering Program for Transportation Projects

Federal Highway Administration Value Engineering

Frequently Asked Questions

Team Member Guide

Statement of Work Template

Constructability Reviews

Please contact Zach Davis or Peter Kennedy to discuss the services available for your project.

Contact the Programs Development Office

4040 Fairview Industrial Drive SE MS2
Salem, Oregon 97302

Program Contacts

Phone: 503-302-7592
 
Phone: 503-986-7133

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