Risk-based Assessment. During the FHWA Division’s (MoDIV) annual risk assessment process, TEs and Program Specialists will identify potential risk areas that could be addressed with PoDI activities on projects where those higher risk items are likely to occur. This includes evaluating results from last year’s risk activities, such as findings from program reviews, CAP reviews, focused reviews, and other project approval actions (per the Stewardship and Oversight Agreement) to determine if any risks should be carried over to the next year. Using a risk-based approach, the FHWA Division will identify all the program, preconstruction and construction PoDI focused reviews or other activities for the next federal fiscal year.
Appears in 2 contracts
Sources: Fhwa/Modot Agreement Local Public Agency (Lpa) Program, Partnering Agreement