Abstract
This paper provides a framework for modelling and quantifying risks associated with time and cost emanating from construction projects. A methodology is proposed whereby time risk analysis and estimated cost risk analysis can be related thereby producing a time related cost risk analysis. By combining this development with a comprehensive scheduling system such as POEM, project risk can be managed in a structured way throughout the project life cycle.
| Original language | English |
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| Publication status | Published - 15 Sept 1993 |
| Event | CIB W-65 Symposium 1993 - Duration: 15 Sept 1993 → … |
Conference
| Conference | CIB W-65 Symposium 1993 |
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| Period | 15/09/93 → … |
Keywords
- PERT
- Risk Management
- Risk Analysis
- Project Management
- Monte Carlo Simulation
- Project Planning