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Risk and Uncertainty in Flood Damage Reduction Project Design

by Ming T. Tseng, U.S. Army Corps of Engrs, WA, United States,
Earl E. Eiker, U.S. Army Corps of Engrs, WA, United States,
Darryl W. Davis, U.S. Army Corps of Engrs, WA, United States,



Document Type: Proceeding Paper

Part of: Hydraulic Engineering

Abstract:

The recent emphasis on partnership between the Federal government and local sponsors in the development of flood damage reduction projects has promoted considerable interest in the application of risk-based methods for project analysis. Project formulation by such an approach is generally considered to be more objective in establishing a good balance between cost and risk. This paper describes a risk and uncertainty method for project analysis.

Subject Headings: Risk management | Floods | Project management | Uncertainty principles | Management methods | Federal government | Construction methods

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