Risk profiling helps generate accurate cost estimates, assess funding formulas, and build project confidence by helping teams establish goals, expectations, communication networks, and understand decision-making processes to minimize surprises from unanticipated risks. The document provides examples of projects that likely benefited from risk profiling, such as the 2nd Avenue Tunnel Design, Rio Piedras Tunnel in Puerto Rico, and expansions of airports in Chicago, Los Angeles, and Lower Manhattan.
2. Why a Risk Profile? Helps to generate more accurate cost estimates Helps in assessing funding formulas Helps to build project confidence Establish team goals and expectations Establish communications networks Understand decision-making processes Minimize surprises from unanticipated risks
3. Example Projects 2nd Avenue Tunnel Design Rio Piedras Tunnel Puerto Rico Path Station at Ground Zero Rte 9A Lower Manhattan Redevelopment OHare Modernization LAX Terminal Expansion
4. Adaptive Consulting Risk Management Solutions Transit Energy Transportation Manufacturing Government