The National Academies

NCHRP 20-123(04) [Final]

Development of a Risk Management Strategic Plan and a Research Roadmap
[ NCHRP 20-123 (Support for AASHTO Committees and Councils) ]

  Project Data
Funds: $225,000
Research Agency: Jacobs Government Services Company
Principal Investigator: Mara Campbell
Effective Date: 7/2/2020
Completion Date: 1/1/2022

Agency assets carry risk to operational performance, asset condition, safety, and regional economics. Agencies performing these assessments work to meet performance-based planning and risk-based asset management requirements that allow them to consider the underlying risks and ultimately achieve their defined goals.
NCHRP Project 20-123(04) is part of a broader effort ultimately directed at creating planning documents to help further develop the integration of risk management (RM) into transportation agencies for the future. This research project highlights specific goals, strategies, and actions to help move the strategic approach framework for a RM national strategy from ideas to a final document. In addition, it presents 20 research problem statements (RPS) for possible inclusion in future research development cycles, and a logical implementation timeline for these research efforts to strategically develop the overall capability of risk management within the transportation community. 
NCHRP 20-123(04) Final Report - Documents the research efforts, and contains findings from a state-of-the-practice literature review and gap analysis, engagement webinars and events, and stakeholder/agency workshops which helped create the Strategic Approach and Action Plan as well as the research roadmap. Includes 10 appendices.
Comprehensive Strategic Approach and Action Plan – Includes elements of a traditional strategic plan, including a mission, goals, and actions. It is intended to serve as a cross-cutting document to guide and provide input to multiple AASHTO committee strategic plans and related documents. Also included in the Final Report as Appendix I
Risk Management Research Roadmap – Provides long-term guidance on future research and development activities related to risk management to be undertaken by the transportation industry in a coordinated fashion. Also included in the Final Report as Appendix J

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