Reliability, risk management, and contingency of construction processes and projects
The paper presents the evolution of concepts, an overview of research and applications
pertaining to reliability in construction production, the use of reserves, robust itineraries, and …
pertaining to reliability in construction production, the use of reserves, robust itineraries, and …
Addressing project complexity: The role of contractual functions
Project complexity leads to transaction risks in interorganizational exchanges and can
negatively affect performance if appropriate governance mechanisms are absent. Although …
negatively affect performance if appropriate governance mechanisms are absent. Although …
Making international expansion decision for construction enterprises with multiple criteria: a literature review approach
Multi-criteria decision-making (MCDM) methods have been instrumental in various fields of
disciplines such as economics and engineering, including construction studies. In the later …
disciplines such as economics and engineering, including construction studies. In the later …
Development of project cost contingency estimation model using risk analysis and fuzzy expert system
A Idrus, MF Nuruddin, MA Rohman - Expert Systems with Applications, 2011 - Elsevier
Contractors traditionally estimate cost contingency based on subjective judgment, such as 5–
10% from the cost estimated by considering past similar project. However, such method …
10% from the cost estimated by considering past similar project. However, such method …
[HTML][HTML] Impact of aleatoric, stochastic and epistemic uncertainties on project cost contingency reserves
D Curto, F Acebes, JM Gonzalez-Varona… - International Journal of …, 2022 - Elsevier
In construction projects, contingency reserves have traditionally been estimated based on a
percentage of the total project cost, which is arbitrary and, thus, unreliable in practical cases …
percentage of the total project cost, which is arbitrary and, thus, unreliable in practical cases …
A decision-support tool for risk and complexity assessment and visualization in construction projects
Risk assessment in projects requires the integration of various information on project
characteristics as well as external and internal sources of uncertainty and is based on …
characteristics as well as external and internal sources of uncertainty and is based on …
Identification of the main risks for international rail construction projects based on the effects of cost-estimating risks
T Yuan, P Xiang, H Li, L Zhang - Journal of Cleaner Production, 2020 - Elsevier
The purpose of this study was to explore the effects of cost-estimating risks on the
investment costs of international rail projects. A Monte Carlo simulation was used to conduct …
investment costs of international rail projects. A Monte Carlo simulation was used to conduct …
Contingency modelling for construction projects using fuzzy-set theory
A Salah, O Moselhi - Engineering, Construction and Architectural …, 2015 - emerald.com
Purpose–The purpose of this paper is to present a newly developed fuzzy-set based model
for estimating, allocating, depleting, and managing contingency fund over the life cycle of …
for estimating, allocating, depleting, and managing contingency fund over the life cycle of …
Dynamic management of risk contingency in complex design-build projects
Contingency budgets are commonly used by managers to respond to uncertainty and
control the project within the original cost and schedule targets. However, a variety of project …
control the project within the original cost and schedule targets. However, a variety of project …
Risk induced contingency cost modeling for power plant projects
The current practice of expert judgment-based contingency cost allocation by owners lacks a
holistic understanding of project risks, their causal relationships, and impact on project costs …
holistic understanding of project risks, their causal relationships, and impact on project costs …