Risk-Based Engineers EstimateStatus: CompleteReport 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: Risk-Based Engineers Estimate (Report #2015-10) More Consistent Risk-Based Cost Estimates Lead to Lower Overall Project Costs (Research Summary) Related Materials: Related Research: