RINA North America: we help you set budgets that represent the true expected cost of a project
The evaluation of risks (threats and opportunities) and the impact that they may have on a project is an important element for project budgeting, cost and schedule contingency management, and claims avoidance. RINA’s Risk Management process aggregates data from various sources such as project reporting and monitoring, lessons learned, field logs, design documents, key stakeholder input, project interfaces, schedules, and cost estimates. RINA’s Risk Management process helps assess the primary risk elements that may occur during the course of the project and provides a range of probable outcomes so that Owners can set budgets that represent the true expected cost of a project. We are experienced in the evaluation of risk according to FTA, FRA and FHWA processes and requirements.
The South Coast Rail program will restore passenger rail service from Boston’s South Station to Fall River and New Bedford along an existing freight rail corridor.
We developed a global delivery and packaging strategy, an independent cost estimate, and a comprehensive program schedule covering design, permitting, right-of-way acquisition, procurement, force accounts, construction, testing, and commissioning. We also performed a risk evaluation consistent with FTA OP-40.
The risk process included a comprehensive risk register, an intensive workshop, and Monte Carlo simulation analysis to help MBTA and MassDOT validate cost, schedule, and contingency requirements.
For the I-80 Value Engineering effort, we supported the Illinois Department of Transportation (IDOT) by evaluating alternatives and project risks for a major interstate improvement.
The work focused on identifying opportunities to improve delivery, control cost, and reduce schedule or constructability risks while maintaining project goals. Our team reviewed project assumptions, constraints, and potential alternatives to help inform decision-making.
This type of risk-focused review helps agencies make more informed choices before advancing major infrastructure investments.
At the 100% design stage for Worcester Union Station Improvements, we performed a quantitative risk analysis for the Massachusetts Bay Transportation Authority (MBTA).
The project included a new center island platform, elevators, stairs, pedestrian bridge, accessible plaza landings, drainage, parking improvements, mechanical and electrical spaces, communications infrastructure, signage, CCTV, and track reconstruction. The work also needed to be delivered while station operations continued.
We facilitated a risk workshop, evaluated cost and schedule impacts, and used Monte Carlo simulation to provide probability-based cost and schedule outcomes for contingency planning.
The Sumner Tunnel Rehabilitation Project involved a complete renovation of the historic tunnel connecting East Boston and Logan Airport to downtown Boston.
We supported MassDOT with risk management services that helped evaluate construction staging, shutdown constraints, cost exposure, and schedule impacts for the complex rehabilitation. The work considered risks tied to structural repairs, traffic impacts, tunnel systems, and construction sequencing.
The analysis supported decision-making for a high-profile project with major operational and public mobility considerations.
For the Santa Barbara Bridge Replacement Project in Narlon, California, Union Pacific Railroad retained us to provide Independent Cost Estimating (ICE), risk analysis, and schedule support.
The project included replacement of existing bridge superstructure spans and structural steel tower foundations, temporary trestle work platforms, shoring and falsework, access roads into a remote site, staging areas, crane pads, and utility relocation. Demolition and construction work were planned around nine 24-hour shutdown periods.
Our role supported the Construction Manager/General Contractor (CM/GC) delivery process by helping evaluate cost, sequencing, and constructability for a complex remote bridge replacement.
