Project Assessment Tools Evaluation and Selection Using the Hierarchical Decision Modeling: Case of State Departments of Transportation in the United States

Abstract

A considerable amount of research has been conducted on the performance of project delivery methods and applications in project development within the transportation industry. However, decision makers are still seeking a trusted decision model that considers all options and impacts of risk needed for successful project delivery. This study developed a comprehensive multicriteria decision making (MCDM) model capable of evaluating and choosing the most effective project assessment tool for measuring the success of project delivery performance and outcomes. A case study approach was adopted to explore and assess the assessment tools and innovative processes that are used in the development phase within transportation project life cycle phases. A scenario analysis technique was applied, and 62 subject-matter experts from the transportation industry were interviewed. The data they provided were quantified, and they validated the study results. The results ranked the VE-RACRDAM as the most important project assessment alternative. This study significantly contributes to project management knowledge, decision modeling, project development, and delivery success.