NCHRP Research Report 1066 discusses how to assess risks and summarizes 12 studies that demonstrate how to enhance the measurement of risks, quantify risks, and better link risk management processes with the appropriate tools. It provides transportation asset management staff with a primer on the mathematical and statistical concepts underlying quantitative risk assessment; case study applications; and a set of tools and techniques for identifying and evaluating enterprise-, network-, and program-level asset-management-related risks. The report and its appendices build on the AASHTO Guide for Enterprise Risk Management to provide users with practical tools and guidance on implementing them and will be of immediate interest to departments of transportation (DOTs) seeking comprehensive and easily implementable strategies and tools to improve the condition and performance of transportation assets at the national, state, and local levels.

Supplemental to the report are a presentation and a
NCHRP Web-Only Document 366: Risk Assessment Techniques for Transportation Asset Management: Appendices.

Infrastructure Assets: Highway Assets
Resource Types: Research Report
Capabilities: Data & Information Systems
Management Processes: Risk Management