Launching U.S. Transportation Enterprise Risk Management Programs

This project addresses the need for additional resources and support to assist state departments of transportation as they develop risk management programs. Presently, risk management is practiced unevenly across the country and agencies need assistance in filling the gaps within their risk management programs. This project included a workshop with state officials where risk management best practices from the public and private sector were discussed. Suggestions from the workshop participants and the project panel contributed to this Enterprise Risk Management (ERM) Roadmap. The workshop also included a half-day exercise on risk identification, analysis, evaluation, prioritization and developing risk responses to expose the participants to the steps involved in the life cycle of risk management. The presentations, hands-on exercises, and the discussions helped the workshop participants contribute to the Roadmap. The Enterprise Risk Management Roadmap identifies activities, resources, and support to assist state agencies. National and state organizations may find it of interest as they consider supporting risk management efforts. The second part of this document includes an Executive Implementation Plan. It discusses how state agency officials could begin and sustain enterprise risk management programs within their agencies.

• Record URL:
  • http://onlinepubs.trb.org/onlinepubs/nchrp/docs/NCHRP20-24(105)_FR.pdf
• Summary URL:
  • https://apps.trb.org/cmsfeed/TRBNetProjectDisplay.asp?ProjectID=3912
• Supplemental Notes:
  • This research was sponsored by the American Association of State Highway and Transportation Officials, in cooperation with the Federal Highway Administration, and was conducted in the National Cooperative Highway Research Program, which is administered by the Transportation Research Board of the National Academies.
• Corporate Authors:

  StarIsis Corporation

  3737 Woodstone Drive
  Lewis Center, OH  United States  43035

  Gordon Proctor and Associates, Incorporated

  7825 Wiltshire Drive
  Dublin, OH  United States  43016

  Spy Pond Partners, LLC

  1165R Massachusetts Avenue, Suite 103
  Arlington, MA  United States  02476
• Authors:
  • Varma, Shobna
  • Proctor, Gordon
• Publication Date: 2016-7

Language

• English

Media Info

• Media Type: Digital/other
• Edition: Final Report
• Features: Appendices; Figures; Tables;
• Pagination: 78p

Subject/Index Terms

• TRT Terms: Best practices; Implementation; Planning; Risk management; State departments of transportation; Workshops
• Subject Areas: Administration and Management; Transportation (General);

Filing Info

• Accession Number: 01675031
• Record Type: Publication
• Report/Paper Numbers: NCHRP Project 20-24, Task 105
• Files: TRIS
• Created Date: Jul 16 2018 12:52PM