Risk Assessment of Plan Schedule by Monte Carlo Simulation

DOI

10.2991/icitmi-15.2015.83How to use a DOI?

Keywords

risk assessment, Monte Carlo simulation, triangular distribution, schedule control.

Abstract

With an increasingly complex and rapidly changing construction circumstance, owners and their contractors are confronting challenges from risk management while maintaining control and improving performance. With great capabilities for project management solution, Monte Carlo simulation was used to forecast projects’ execution results. In this paper, a practical example, construction and installation engineering in cargo area of Kunming Changshui international airport project is studied to show explicitly the benefits of using Monte Carlo simulation to assess risk in practical scheduling

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhaoni Kong
AU  - Jianping Zhang
AU  - Chao Li
AU  - Xiaoying Zheng
AU  - Qingqing Guan
PY  - 2015/10
DA  - 2015/10
TI  - Risk Assessment of Plan Schedule by Monte Carlo Simulation
BT  - Proceedings of the 4th International Conference on Information Technology and Management Innovation
PB  - Atlantis Press
SP  - 509
EP  - 513
SN  - 2352-538X
UR  - https://doi.org/10.2991/icitmi-15.2015.83
DO  - 10.2991/icitmi-15.2015.83
ID  - Kong2015/10
ER  -