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Implementation of the AASHTO Guide for Enterprise Risk Management (2022)

Chapter: Chapter 2 - Report Organization

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Page 12
Suggested Citation:"Chapter 2 - Report Organization." National Academies of Sciences, Engineering, and Medicine. 2022. Implementation of the AASHTO Guide for Enterprise Risk Management. Washington, DC: The National Academies Press. doi: 10.17226/26516.
Page 12

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12 Report Organization This report is organized in a logical manner to help the reader easily navigate to specific areas of interest. Chapter 1 contains introductory information, including the background to the project, objectives, overall process and methodology, and a summary of key products. Chapter 3 describes the overall risk implementation process adopted during this project, including the selection of pilot state DOTs. Chapter 4 delves into the details of the various initiatives selected by the pilot DOTs. Each initiative is described in the form of a case study, and the chapter is organized by state in the following sequence: • TDOT • UDOT • WSDOT Chapter 5 contains case studies and descriptions of other experiences and initiatives shared by various state DOTs that were not necessarily piloting the initiatives supported by this project. However, these experiences were provided by states engaged in the project either through the project peer exchanges or through the COP. These experiences and tools can be valuable to other DOTs interested in implementing ERM in their states. Chapter 6 describes strategies for successful risk management and includes insights from various states and the COP created during the implementation of this project. Recommenda- tions for continuing and accelerating the adoption of ERM nationwide from the project panel members, the COP, and other stakeholders that participated in the project are also included. C H A P T E R 2

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The AASHTO Guide for Enterprise Risk Management, published in 2016, defines enterprise risk management as “the formal and systematic effort to control uncertainty and variability on an organization’s strategic objectives by managing risks at all levels of the organization.”

The TRB National Cooperative Highway Research Program's NCHRP Research Report 986: Implementation of the AASHTO Guide for Enterprise Risk Management documents how several state departments of transportation are adopting risk management principles and practices.

Supplemental to the report are a presentation, a risk assessment tool, a Washington State Department of Transportation budget template, and a video of a webinar by the project team.

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