Construction Project Schedule Risk Analysis and Assessment Using Monte Carlo Simulation Method

Construction projects are initiated in complex and dynamic environments resulting in circumstances of high uncertainty and risk, which are compounded by demanding time constraints. This paper describes an application of Monte Carlo simulation method to consider and quantify uncertainty in construction scheduling. This paper points out the importance of the construction project scheduling risk analysis and assessment from the perspective of contractor and points out the limitations of project management network techniques (CPM/PERT). Based on analyzing the principle of construction project scheduling risk analysis and assessment using Mote Carlo simulation method, the evaluating steps of Mote Carlo simulation method are given. Ultimately, the outcomes of the paper are illustrated by an instance.
construction project scheduling risk mc risk assessment
Dezhi Jin Zhuofu Wang Xun Liu Jianming Yang Meigui Han
Institute of Construction Project Management, Hohai University,Nanjing, China,School of Engineering, Institute of Construction Project Management, Hohai University,Nanjing, China School of Engineering, Nanjing Agricultural University, Nanjing, China
国际会议
成都
英文
597-601
2010-07-09(万方平台首次上网日期,不代表论文的发表时间)