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Combining Risk&VE

Title : VE and Risk Assessment Study of Rail Grade Separation, Windsor

Author : Doug MacRae, Ontario Ministry of Transportation; Ed Ellard, MMM

Description :

Format : N/A

Year : 2006

Title : Approaches to Incorporating Risk in Value

Author : Will Willson, Davis Langdon

Description :
Discusses approaches to combining risk with VE, highlights the similarities of the processes, shows how window of opportunity for risk analysis to impact the VE study declines during the workshop. Provides practical examples based on experience in a number of sectors of how risk based estimating was combined with VE in 40 hour workshops.

Format : N/A

Year : 2006

Title : Application of VA and Risk Analysis on Mega Projects

Author : steVE Holmes

Description :

The Ontario Ministry of Transportation (MTO) leads Canadian agencies in the use of VA/VE/VM. This presentation highlights why and how VE and Risk Analysis has been used on Ontario’s largest ever infrastructure projects.

It is difficult for infrastructure owners to know if they have achieved value in large, technically complex (Mega) projects. Mega projects often have aggressive schedules and many constraints. Ontario has turned to using VE and Risk Analysis to systematically challenge the project assumptions and provide decision makers with the opportunity to consider alternatives to the proposed solution. The VE and Risk Analysis process results in Subject Matter Experts developing alternative designs that reflect the true constraints and project risks.

download full report here

Format : PDF

Year : 2010