"Brainstorming, scenario planning, and expert interviews is the tools highway engineers commonly use in routine engineering and construction management tasks." (U.S. Department f Transportation 2007 P. 2). Table 3 reveals the summary of the tools and technique in the risk identification process.
Table 3: Risk identification tools and techniques
PROJECT-SPECIFIC DOCUMENTS
PROGRAMMATIC DOCUMENTS
TECHNIQUES
Project description
Work breakdown structure (WBS)
Cost estimate
Construction schedule
Procurement plan
Team issues and concerns
Historic data
Checklists
Final project reports
Risk response plans
Organized lessons learned
Published commercial databases
Academic studies
Brainstorming
Scenario planning
Expert interviews
Nominal group methods
Delphi methods
Crawford slip methods
Influence or risk diagramming
1.7: Risk analysis
Risk analysis is the process of identifying and quantification risk factors as well as estimating the likelihood of the impact of the risks in the construction lifecycle. El-Gafy (2008) argues that risk analysis is needed in order to determine the potential impact of...
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