Project Risk Management at WSDOT
Presented by Mark Gabel MSCE PE
Decisions have to be made when we do not have all of the information. Even if it were possible to have all of the available information uncertainty and risk are facts of life and are present, to some degree, on every project. Project risk management does not guarantee certainty but provides probability. Project risk management helps inform our decision-making. Simply preparing a risk management matrix or risk register is not sufficient; risks must be addressed and monitored and action plans updated regularly. Quality project risk management must be supported by unbiased project estimates and schedule forecasts partnered with independent review. Project risk management is an integral component of every good project management plan. In this presentation Mark will lead us through an interactive session that is sure to be a thrilling learning experience.
Mark Gabel MSCE PE is a licensed professional engineer who has been leading the Cost Risk Estimating Management (CREM) unit since 2005. Mark has been with WSDOT since 1991 and has worked in design and construction offices, planning, and project management training. Mark has been a featured speaker on the topic ofproject risk management at national and state conferences. Mark was also part of the technical panel for the National Highway Institute to develop a course on Addressing Uncertainty in Cost Estimating. Mark was awarded a fellowship for a Master’s Degree in Transportation Planning and Management at the University of Washington . Mark earned his Bachelor’s Degree in Civil Engineering at the University of Alaska in Fairbanks . Mark has brought cost and risk management at WSDOT from its nascent form to its current state of development; he has authored the Project Risk Management Guide and Workshop guidelines as well as helping establish policy for risk based-estimating at WSDOT. Mark is a member of PMI and the Association for the Advancement of Cost Engineering International (AACEI).
PDU # C331_011811 (1 PDU)