The policy to develop a long-term plan includes five steps. Using these steps, a registry is created. It helps identify, analyze, and monitor impacts. That way, we can understand the powerful and transformative trends that affect us. This policy is in Chapter 6 of the VTrans Policy Guide.
Check out the VTrans Technical Guide: Development and Monitoring of Long-term Risk & Opportunity Register (v4) for details. Visit the DataExplorer to view the data.
Step 1: Identify Megatrends and Macrotrends
Megatrends are powerful transformative forces. Macrotrends are emerging patterns of change. Based on literature review, these Megatrends and related Macrotrends have been identified.
Megatrend 1: Climate
Megatrend 2: Technology
Megatrend 3: Consumption
Megatrend 4: Socio-Demographics
Step 2: Develop Metrics for CTB Goals
Measures are established for each goal to allow for quantification of macrotrend impacts
Step 3: Estimate Impacts of Mega and Macrotrends on CTB Goal Metrics
Now that the macrotrends have been identified, three impact scenarios are applied to each. The scenarios are:
Step 4: Develop Long-term Risk & Opportunity Register
A Long-term Risk & Opportunity Register is developed based on the guidance from CTB members, stakeholders, and subject-matter experts. This register helps organize and communicate a common understanding of risks and opportunities. It helps ensure a common strategy to meet the CTB goals. For the purpose of this register, the following definitions are used:
Step 5: Track Macrotrends
VTrans Trend Trackers that allow for annual monitoring and reporting are identified.
Macrotrend 1: Increase in Flooding Risk
Macrotrend 2: Adoption of Highly Autonomous Vehicles
Macrotrend 3: Adoption of Electric Vehicles
Macrotrend 4: Growth in Shared Mobility
Macrotrend 5: Growth in E-commerce
Macrotrend 6: Greater Automation of Production and Services
Macrotrend 7: Growth of Professional Service Industry
Macrotrend 8: Increase in Workplace Flexibility
Macrotrend 9: Growth of the Age 65+ Cohort
Macrotrend 10: Population and Employment Shift
It is important to estimate the total impact of the four Megatrends on CTB goals. Again, these Megatrends are:
Because there is uncertainty around predicting how these trends will develop, they are divided into three scenarios. They are low, medium, and high impacts.
(VMT Index estimates change in Vehicles Miles Traveled (VMT) compared to the 2045 Business-As-Usual Scenario.)
Note: For readability, not all cities are labeled on the chart. There are additional cities between visible names. Hover over each bar to explore all locations.
(Shared Mobility Index estimates urban auto single-occupancy VMT switchable to Micromobility + Ridesourcing compared to the 2045 Business-As-Usual Scenario.)
Note: For readability, not all cities are labeled on the chart. There are additional cities between visible names. Hover over each bar to explore all locations.
(Safety Index estimates change in the number of crashes involving fatalities + serious injuries compared to the 2045 Business-As-Usual Scenario.)
Note: For readability, not all cities are labeled on the chart. There are additional cities between visible names. Hover over each bar to explore all locations.
(At-Risk Roadways estimates number of directional roadway miles at-risk from flooding.)
(Tailpipe Emissions Index estimates change in tailpipe emissions Compared to the 2045 Business-As-Usual Scenario.)
Note: For readability, not all cities are labeled on the chart. There are additional cities between visible names. Hover over each bar to explore all locations.
Here you can find the Policy for the Development and Monitoring of VTrans Risk & Opportunity Register. It identifies long-term risks and opportunities for Virginia’s transportation system due to the four Megatrends (Climate, Technology, Consumption, and Socio-demographic Changes).
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Have more VTrans questions? Find answers on our FAQ page.
What is a Risk & Opportunity Register? Why include in a planning document?
Long-term planning comes with uncertainty. The VTrans Long-tTerm Risk and Opportunity Register uses a risk-based approach to improve preparedness for Virginia’s transportation system.
This approach:
Why develop a Long-term Risk and Opportunity Register if the future is uncertain?
The purpose is not to predict the future. The goal is to prepare for gradual or systemic changes that may affect Virginia’s transportation system.
The register focuses on policy issues, not specific projects or locations. It helps the CTB track risks and opportunities. The CTB can then act to reduce risks and build on opportunities. The register is updated each year through VTrans Trend Trackers.
Planning horizon:
OIPI now provides annual updates on identified risks and opportunities.
What will developing the Long-Term Risk and Opportunity Register lead to?
The register highlights emerging transportation issues that could impact the CTB’s vision, goals, and objectives. It is used to:
How does the VTrans Long-Term Risk and Opportunity Register policy benefit local jurisdictions, MPOs, PDCs, and other jurisdictions?
The policy creates a business process that helps Virginia be better prepared to reduce risks and take advantage of opportunities.
Benefits include:
How are “Megatrends” and “Macrotrends” defined in the VTrans Long-Term Risk and Opportunity Register?
Megatrend – A large social, economic, political, environmental, or technological change that forms slowly but can shape government and society for decades. Megatrends are the underlying forces that drive trends.
Macrotrend – An emerging pattern of change likely to affect state government and require a response. Multiple macrotrends can be linked to a single megatrend.
The register identifies four megatrends, each with related macrotrends:
What is the difference between trends and scenarios?
In the VTrans Long-Term Risk and Opportunity Register, scenarios are used to show a range of possibilities, helping planners prepare for multiple potential outcomes.
Did the COVID-19 pandemic change your approach?
The coronavirus pandemic has affected every part of the transportation system. This includes demand, safety, mode choice, and funding.
Many of these changes accelerated trends already underway. For example, telework grew quickly during the pandemic and remains popular, but it was already on the rise before COVID-19.
What types of “Vulnerabilities” were assessed for Macrotrend #1: Increase in Flooding Risk
The VTrans Vulnerability Assessment is a screening-level analysis of how vulnerable Virginia’s transportation system is to current and future flood hazards. It focuses on risks from:
How were locations vulnerable to flooding identified for Macrotrend #1: Increase in Flooding Risk?
VTrans used an indicator-based approach based on the FHWA Vulnerability Assessment Scoring Tool (VAST). This method uses asset location and other key data to score three components of vulnerability:
For more on data sources and technical methods, see the Technical Guide: Development and Monitoring of VTrans Long-term Risk and Opportunity Register.
What are the scope and limitations of the VTrans Vulnerability Assessment for Macrotrend #1: Increase in Flooding Risk?
This is a screening-level assessment of how vulnerable Virginia’s transportation system is. It focuses on all public roads and VDOT-maintained bridges and culverts in the National Bridge Inventory (NBI). The assessment looks at projected sea level rise, storm surge, and inland/riverine flooding.
Limitations:
The purpose of the assessment is to narrow down potentially vulnerable facilities. It does not replace planning or engineering judgment.