Abstract
Major projects (over $500 million) are often more complex and riskier than other projects, and careful attention must be provided when preparing cost estimates. Traditional estimating methods may not be appropriate in all cases. Using the Revive I-70 and I-69 ORX projects as examples, project team members from INDOT and their consultant will describe how the CSRA process works and how to complete a CSRA level risk assessment.
Session Number
68
Session Title
Understanding the FHWA Cost and Schedule Risk
Track Title
Project Management/Planning
Location
STEW 202
Date of Version
March 2025
Recommended Citation
Corbin, Daniel and Randolph, Toby, "Understanding the FHWA Cost and Schedule Risk" (2025). Purdue Road School. 51.
https://docs.lib.purdue.edu/roadschool/2025/presentations/51
Start Date
3-18-2025 4:00 PM
End Date
3-18-2025 4:50 PM
Understanding the FHWA Cost and Schedule Risk
STEW 202
Major projects (over $500 million) are often more complex and riskier than other projects, and careful attention must be provided when preparing cost estimates. Traditional estimating methods may not be appropriate in all cases. Using the Revive I-70 and I-69 ORX projects as examples, project team members from INDOT and their consultant will describe how the CSRA process works and how to complete a CSRA level risk assessment.
