Risk Assessment and Allocation for Highway Construction Management

Risk Management Matrix - High Probability, High Impact

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Figure 6. Diagram of risk management and cost validation in the WSDOT CEVP process. Across the top of the diagram are three overlapping boxes labeled 'Planning and Programming,' 'Environmental and Preliminary Engineering,' and 'Final Engineering and Construction Management.' Underneath is a row of four boxes labeled 'Risk Identification/Cost Assessment,' 'Risk Assessment/Cost Verification,' 'Risk Analysis and Mitigation/Cost Validation,' and 'Risk Mitigation/Cost Validation.'

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