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<br />. <br />. XII. Risk Management <br /> The work of the Risk Management Team has focused on supporting the BNSF <br /> negotiations and on preparing a risk assessment on the Northstar project. The <br /> purpose of the risk assessment is to identify key business risks, to assist in <br /> ranking risk issues, and to enhance Northstar's approach to controlling, reducing <br /> or eliminating risk. The objective is to fully understand and employ appropriate <br /> risk management or risk transfer mechanisms for the design, construction and <br /> operation of Northstar. During the last several weeks, Marsh personnel have <br /> conducted interviews of key NPO project management staff and have toured the <br /> corridor. The risk assessment will be completed in early November. <br /> XIII. Land Use <br /> There was no land use activity since the September report. <br /> XIV. Community Involvement <br /> The following public meetings, events, and presentations have occurred since <br /> the September 2005 Northstar report: <br /> Date( s) Audience <br /> Sept 25-27,2005 APT A Conference in Utah <br /> Sept 21,2005 Transportation Advisory Board (30 elected and appointed <br /> officials serving on the advisory board for the Metropolitan <br /> Council) <br /> Sept26,2005 Mn/DOT Graduate Engineers <br /> Sept 28, 2005 Mn/DOT ROW Professional's Workshop in Brainerd, MN <br /> Oct 6, 2005 NCDA Board Meeting, Anoka I <br /> I <br /> Oct 11, 2005 Making Your Voice Heard (project overview to people from <br /> a variety of nonprofit and qovernment sector aqencies) <br /> XIV. Next Steps <br /> Project staff will work with FT A to revise material and provide information as <br /> needed for FT A to change the project's rating from "Not Recommended" to <br /> "Recommended" and to approve entry into the final design phase. Project staff <br /> will communicate with FT A Region V and headquarters staff and PMOC <br /> throughout the review process to ensure timely project responses and progress. <br /> Project staff are looking forward to the second round of the Technical Capacity <br /> and Capability Study in early November and FT A approving the start of the Risk <br /> Assessment so it may commence in December. <br /> NPO staff are working with BNSF on the design of track and signal <br /> improvements. Much of the week of September 12-16 was spent in field visits <br /> Monthly Report -17- <br /> October 2005 <br /> : <br />