TOPIC: Capital Project Risk Assessment and Risk Management: Best Practices, Outcomes, and Lessons Learned|
SYNOPSIS: Risk-based cost and schedule estimating approaches have been adopted by many public agencies in recent years to help address the problem of cost and schedule overrun in transportation and other infrastructure projects. However, limited research into the effectiveness of these approaches has been conducted. This talk will provide an overview of current approaches to conducting quantitative risk assessment and risk management for capital projects, highlighting the Washington State Department of Transportations (WSDOTs) Cost Estimate Validation Process (CEVP®) process, along with alternative approaches employed by the Federal Transit Administration (FTA) and Federal Highway Administration (FHWA). In addition, an analysis of results will be presented including: 1) the progression of risk-based estimates for 41 representative infrastructure projects across North America that each underwent multiple risk evaluations, and 2) an evaluation of the performance of 28 highway projects completed by WSDOT between 2016 and 2019, including a comparison of those projects that underwent a formal risk assessment with those projects that did not. Alan will also share his perspective on best practices and lessons learned.
Alan Keizur, PE
*** Please make every effort to sign-up for this meeting before 12:00 Noon on Monday, December 06th, so that proper number and choice of meals can be ordered. Your cooperation is greatly appreciated! Please also note that meal orders placed after noon on Monday prior to the event cannot be guaranteed ***
Renaissance Seattle Hotel - Fig and The Judge Restaurant
515 Madison Street
Seattle, WA 98104
(Complimentary Parking Based on Availability)
PROGRAM DATE & TIME (PST): Dec 09th, 2021
5:00PM - Social Hour
6:00PM - Dinner
6:45PM - Program Starts
8:00PM - Program Ends
The member price for this event is $42.00 if you register before 12:00 Noon on the Monday immediately preceding the meeting; late registration is $47.00.
Non-members price is $49.00 before 12:00 Noon on the Monday immediately preceding the meeting, and $55.00 thereafter.
For individuals who are just Attending (No Dinner) is $30.00.
The registration for dinner will be closed Monday, December 06th, at 5:00 pm. After 5pm on Monday general admission tickets will go on sale, no dinner will be provided for General Admission tickets.
Register here: https://www.brownpapertickets.com/event/4545401
MENU: (All entrees include chefs choice of seasonal vegetables)
- Grilled Columbia River Steelhead (grilled fingerling potatoes, blueberry chutney)
- Pan Seared Chicken (airline chicken, sherry wine, leeks, garlic, butter, garlic mashed potatoes)
- Vegetarian Red Bean Lentil Shepherds Pie (red lentils, peas, carrots, garlic and a creamy cauliflower mash)
If you have specific dietary restrictions please contact us at email@example.com so that we can accommodate you. The AACE Seattle Section moved to a new location, we are interested in obtaining your feedback!
The AACE Seattle Section must pay for all meals that are ordered. If you RSVP that you will attend, you are responsible for the bill of your meal. In addition, if you attend without an RSVP there is a possibility that your meal options will be limited from those listed above. If you would like to be added to the Seattle Section's mailing list to receive future notices about our meetings and events, please contact one of the presiding Officers or Directors.
Visit the AACE Seattle Section on our new website at www.aaceseattle.org
Anybody interested in budget control, claims management, cost engineering, cost estimating, earned value management, planning and scheduling, project control, project management, value engineering, or risk management in any industry is cordially invited.
AACE Seattle Section normally meets the 2nd Thursday of each month from September through June. Each meeting with a technical presentation qualifies for .25 Continuing Education Units (CEUs) towards your CCP/CEP/CFCC/DRMP/EVP/PSP recertification requirements.
|Thursday Dec 09, 2021 5:00 PM - Thursday Dec 09, 2021 8:00 PM | $30.00 - $55.00
Renaissance Seattle Hotel - Fig and The Judge Restaurant (View)
515 Madison Street
Seattle, WA 98104
|Wheelchair Accessible: Yes!|
This location is wheelchair accessible.
Complimentary Parking Based on Availability.