Risk Assessment and Allocation for Highway Construction Management

Risk Management Matrix - High Probability, High Impact

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Figure 2. Graph of a conceptual refinement of a cost estimate. Along the x-axis are project plan and concept, 30 percent design, 100 percent design, and construction management. Along the y-axis is estimated project cost. The graph shows that the estimated project cost is higher if significant risks are realized and lower if few risks are realized and that the cost range narrows as the project moves from the planning to construction management stages.

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