An Integrated Cost-Time Approach to Risk Analysis for Construction Projects
Conference item
Howes, R, Fong, D and Little, B (1993). An Integrated Cost-Time Approach to Risk Analysis for Construction Projects. CIB W-65 Symposium 1993. St. Augustine, Trinidad and Tobago 15 - 22 Sep 1993
Authors | Howes, R, Fong, D and Little, B |
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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. |
Keywords | Risk Analysis; Risk Management; Project Management; Project Planning; Monte Carlo Simulation; PERT |
Year | 1993 |
Accepted author manuscript | License |
Publication dates | |
15 Sep 1993 | |
Publication process dates | |
Deposited | 22 Sep 2018 |
Accepted | 24 May 1993 |
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https://openresearch.lsbu.ac.uk/item/87v61
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