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Pages 45-58

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From page 45...
... 45 C H A P T E R 5 Challenges and Risks Introduction Considering the long­term planning horizon of this study, several of the identified emerging and innovative PMR practices are beyond the plausibility of today's know­how and, there­ fore, transportation organizations need to prepare for a changing future context. This chapter addresses the challenges and risks associated with such PMR practices.
From page 46...
... 46 Strategic Issues Facing Transportation Adding to perception of risk is that transportation agencies may have little or no influence over the technological or regulatory aspects of practices that might heavily influence imple­ mentation efforts and ultimate outcomes. Finally, there are the inherent risks associated with anticipated success of the practices and how well they will be received by industry peers and agency customers.
From page 47...
... Challenges and Risks 47 Table 10. Dimensions of challenges and risks.
From page 48...
... 48 Strategic Issues Facing Transportation • Inability (or disinclination) to keep pace with technological changes.
From page 49...
... Challenges and Risks 49 Legal, Regulatory, and Policy Issue Management • Need for new regulations and standards. PMR emerging/innovative products, methods, and processes require newer standards, specifications, and special provisions, many of which will be untested.
From page 50...
... 50 Strategic Issues Facing Transportation out and undertake new innovations with no guarantee of outcomes. Even more encouraging are the early adopters of proven practices, where risks have been measurably reduced, and the interest in occupying the "leading" if not the potentially "bleeding" edge of innovation is measurably greater.
From page 51...
... Challenges and Risks 51 coupled with decades of waning prestige associated with careers in public service represent formidable obstacles. These obstacles are offset to a limited degree by the potential of greater responsibilities at an earlier career stage and the potential to make a real difference for those who do make it into the system and who learn to shine as agents of innovation.
From page 52...
... 52 Strategic Issues Facing Transportation by smaller contractors who are less attracted to the risk/reward potential, the entry of larger contractors, particularly in larger performance­based PMR assignments, can be expected to move the needle toward increased industry interest in PMR innovative practices over time. • Orchestrating and marketing a concerted large-scale movement toward emerging/innovative practices.
From page 53...
... Challenges and Risks 53 Ta b le 1 1a .
From page 54...
... 54 Strategic Issues Facing Transportation Ta b le 1 1b .
From page 55...
... Challenges and Risks 55 Ta b le 1 1c .
From page 56...
... 56 Strategic Issues Facing Transportation Ta b le 1 1c .
From page 57...
... Challenges and Risks 57 Crosscutting Challenges Emerging and innovative practices are likely to face many risks and challenges, as listed in Table 12. There are many commonalities among them based on the attributes of the emerging PMR practices; three are highlighted further for emphasis: • Uncertainty.
From page 58...
... 58 Strategic Issues Facing Transportation Table 12. Risk scores for PMR emerging and innovative practices.

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