Risk Analysis Based on the Cost of Life for Projects at the Level of Surface Layer Management

Abstract

Investing in ensuring the quality and safety of movement on highways is not a one-time process. Institutions charged with ensuring quality crossing surfaces must constantly monitor and repair the highway network so that it remains in the best possible condition. Because the funds available to maintain the highway network are limited, it is essential that decisions taken to maintain and rehabilitate the highway network are spent justifying each intervention. Layer management systems at the network and project level help with this objective. Strata require a long-term investment of funds over their lifetime to maintain them in the most cost-effective manner. Therefore, the selection of the most cost-effective alternative does not depend only on the initial construction investment [1]. The total cost of the coating over its expected life cycle must be considered to truly assess cost effectiveness. Therefore, we used life cycle cost analysis based on risk management for project level layers.