Funding

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Research Period

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Description

Need to understand and demonstrate risk-tolerance associated with decision-making within agencies. This relates to both potential threats and opportunities.

This proposal builds on the draft problem statement outlined in the NCHRP 20-123(04). The background has been acceptably defined. The objectives should be modified to further emphasize risk perception and development of ways to assess and communicate risk tolerance.

Literature Search Summary

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Objectives

Emphasis on developing tools and methodologies to document risk tolerance and acceptance parameters associated with taking risks.

Urgency and Potential Benefits

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Implementation Considerations

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Champion(s)

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Others Supporting Problem Statement

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Potential Panel Members

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Person Submitting Statement

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ERM – Improving Responsible Risk-Taking Perception in Transportation Agencies

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Champion(s)