Reducing Uncertainty

Allen, Chris
July 2004
Public Roads;Jul/Aug2004, Vol. 68 Issue 1, p34
The article throws light on risk factors and its management in transportation construction projects and that megaprojects offer unique challenges for risk management. Examples of Woodrow Wilson Bridge connecting Maryland and Virginia, spanning the Potomac River just south of Washington DC. and Central Texas Turnpike Project are cited. Developing an effective strategy not only helps project managers identify and minimize risks but it also leads to greater financial certainty providing clearer insights into decision making and engendering more reliable planning which will affect public trust in the short and long terms.


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