George Washington University (September 8, 2015): More often than not, civil infrastructure mega-projects come in over budget while the scope increases as the project moves forward. Why is that? And what can we do about it?
Michael O’Connor shared his insights that he learned in the trenches as a risk manager and direct report to first the director of Federal Transit Administration’s Office of Engineering in its Office of Program Management and then the Regional Administrator in Region II (New York City). His responsibilities included program development for technical requirements in cost and schedule modeling and contingencies; validating megaproject cost and schedules for projects with total value over $25 billion. He provided major inputs into FTA’s proposed rulemaking on risk management including concepts of management capacity and organizational capacity, risk definitions and risk mitigation classification and sequence.