Probabilistic Risk-Based Estimating (PRBE) for Highway Project Cost and Schedule (FHWA-NHI-134205)
This self-paced, interactive training provides learners an awareness of the concepts and recommended processes to successfully implement PRBE procedures in their organization. Learners will use the eBook as a reference to understand basic terminology, fundamental concepts, and recognize good practices when structuring a project for risk assessment. Throughout the eBook, the learner is challenged to relate the knowledge learned to their real-world experiences using examples, case studies, and engaging interactive question
Upon completing this course, learners will be able to:
- Properly set up and structure a cost estimate for risk assessment.
- Utilize risk assessment to develop reliability estimates of cost and schedule and identify significant project risks.
- Recognize how to set up a successful risk workshop for input to risk assessment.
- Present risk workshop results to leadership for improved decision-making.
This eBook training is ideal for anyone interested in improving the reliability of highway project estimates. State departments of transportation, and consultants, including estimators, or planners, that prepare estimates during specific project phases or across the entire project development process are the primary audience for this training.
Details and registration can be accessed on the National Highway Institute website.