Join the National Capital Section of AACEI and the Washington Building Congress on March 21 at the WBC HQ where Sagar Khadka and Mairav Mintz from MBP will teach the value of risk management in every project execution plan and the applicable risk management tools available to suit specific project needs.
Attendance will earn .25 Continuing Education Credits towards AACEI Recertification.
Light Refreshments are included in the price of admission
Many owners know that formal risk management programs are not a luxury; they are a project necessity. In a study examining 258 transportation projects throughout North America, Europe and Asia over a period of 70 years, nine out of ten projects experienced cost overruns. Delay overruns were just as likely. In response, federal agencies including the Federal Highway Administration (FHWA), Federal Transit Administration (FTA) and Government Accountability Office (GAO) have required formal risk management programs to reduce cost and schedule uncertainty. This has taken the form of quantitative risk assessments to establish appropriate cost and schedule contingency in the planning phase and project risk management plans during design and construction phases to monitor and mitigate risks on an ongoing basis. By implementing risk management techniques, owners have seen tangible and significant cost and time savings. Through this presentation, you will learn the value of mandating risk management in every project execution plan and the various risk management tools available to suit specific project needs.
In this presentation, we will (Learning Objectives):
- Introduce the fundamentals of project risk management and the multiple qualitative and quantitative techniques available to a project team to manage risks effectively.
- Share how the Ohio Department of Transportation successfully implemented qualitative project risk management tools on the $500 million Cleveland Innerbelt Phases 1 & 2 I-90 Eastbound Bridge Projects.
- Review the process of quantitative risk analysis - implemented at both planning and construction phases - to determine cost and time contingency requirements, gauge the health of the project, and manage risks.
- Share how these quantitative analyses are being applied at the $5.68 billion Dulles Corridor Metrorail Project (Silver Line) and a large-scale federal building project to achieve on time within budget completion objectives.
Sagar B. Khadka, CCP, DRMP, FAACE
Director, Project Risk Management
McDonough Bolyard Peck
Mr. Khadka has more than 26 years of construction experience working with owners, general contractors, designers and construction managers on federal and commercial buildings, highways, bridges, dams and reservoirs, landfills, and site development. He has provided to his clients project risk management, critical path method (CPM) scheduling, cost estimating, cost control and analysis, claims analysis and contracts administration.
As Director of Project Risk Management for MBP, Mr. Khadka has provided risk management services on projects valued at over $10 billion for federal, state and municipal clients.
Mr. Khadka currently serves as the Chair of the Certification Board for the Association for the Advancement of Cost Engineering International (AACE International) and was named an AACE Fellow in 2016. He has written technical papers and spoken extensively before industry associations.
Mairav R. Mintz, PE, CCM
Senior Vice President/Regional Manager,
McDonough Bolyard Peck
Ms. Mintz has more than 24 years of experience providing a wide range of construction management/program management and claims analysis services including construction inspection and monitoring, cost estimating, CPM scheduling, and delay analysis and evaluation. Her impressive list of projects includes transit, highway, bridge, building, plant, and other heavy construction.
She is frequently called upon by government entities and private sector clients to analyze what went wrong during the construction process on projects both large and small. She possesses specialized experience in geotechnical engineering to include evaluation, testing, design, and rehabilitation of pavements; development of pavement management programs for roadway networks; and soils testing and analysis.
Ms. Mintz also serves as the Project Executive, on behalf of the owner, for a large federal project in Washington, D.C., where she has been employing the project risk management tools discussed in this presentation.