Risk-Based Engineers Estimate

Status:  Complete
Report Date:  03/18/2015

Summary:

Researchers developed guidance for risk-based cost estimating methods that can be used consistently across MnDOT districts, including the use of risk registers, Monte Carlo simulations and communication. Ultimately, incorporating risk more accurately into its cost estimates will help MnDOT optimize budgeting and deliver projects more cost-effectively.

Final Deliverables:

• Report #2015-10
• Technical Summary

Related Materials:

Related Research: