Subcommittee on Risk Management

Risk is the positive or negative effects of uncertainty or variability on agency objectives. Risk management is the cultures, processes, and structures that are directed toward the effective management of potential risks. The focus of the Subcommittee on Risk Management is on the development, implementation, and use of tools, methods, and strategies by a state transportation agency in order to take advantage of opportunities and mitigate potential threats. Risk and Risk Management are specifically identified in federal requirements and best practices. The management of risks is applicable to performance metrics through the identification of threats and opportunities that will hinder or enhance the ability to meet established performance measures. Risk-based asset management plans are also a requirement for State DOT Transportation Asset Management Plans. Both the Committees on Performance-Based Management and Transportation System Security and Resilience address the topic of transportation resilience through a better understanding of how risk management techniques can be used to better support a resilience approach to managing the transportation system.

Download more information on all subcommittee meetings here. Additionally, for those that missed the September 3rd Joint AASHTO CPBM/TPM Pooled Fund Quarterly Meeting, click here to download video and slides of the meeting.

Leadership

Chair: Jean Wallace, Minnesota DOT
Vice Chair: Nathan Lee, Utah DOT
Liaison: Matt Hardy, AASHTO

Purpose

Transportation resilience is the ability of a state transportation agency to plan, prepare, react, recover, and adapt to adverse events. Both the Committees on Performance-Based Management and Transportation System Security and Resilience address the topic of transportation resilience through a better understanding of how risk management techniques can be used to better support a resilience approach to managing the transportation system. Risk management is defined as the evaluation of the probability of positive or negative effects of uncertainty or variability on agency objectives and the ability of the agency to be more resilient. Risk management includes the cultures, processes, and structures that are directed toward the effective management of potential risks. The focus of this subcommittee is on the development, implementation, and use of tools, methods, and strategies by a state transportation agency in order to take advantage of opportunities and mitigate potential threats.

Goals

  1. Serve as the forum to engage subcommittee members on the sharing of ideas and examples of how state transportation agencies are implementing risk management within their organizations.
  2. Develop needed guidelines, guidance, training, and educational resources to facilitate the implementation of risk management approaches within a state transportation agency.
  3. Research, develop, and disseminate tools and techniques associated with risk management such as risk analysis, vulnerability assessments, etc.

The Subcommittee on Risk Management meets on the second Monday of even-numbered months from 1:00 to 2:00 pm EASTERN time.

Membership

  • State DOTs—Members of the subcommittee can include a member from each state representing each parent committee or their designee.
  • Federal Agencies—FHWA, FTA, etc. Serve as a liaison for that agency and approved by the subcommittee co-chairs.
  • Association—Members from relevant sister organizations to AASHTO to serve as a liaison that are approved by the subcommittee chair and vice-chair.
  • Research and Academic—A person(s) from an academic institution or private company that will serve as a knowledge resource given the work of the subcommittee as deemed appropriate by the subcommittee co-chairs.

Current Membership

First Name Last Name Email Address Agency Name Designation Member Type