Matches in SemOpenAlex for { <https://semopenalex.org/work/W1021176641> ?p ?o ?g. }
Showing items 1 to 62 of
62
with 100 items per page.
- W1021176641 abstract "Projects delay and cost overrun have become general facts in the construction industry. Project cost risk analysis considers the different costs associated with a project and focuses on the uncertainties and risks that may affect these costs. An implementation of PRM (project risk management) process on regional construction project has been carried out to maximize the likelihood of project meeting its objectives within its constraints. Qualitative and quantitative risk analyses have been carried out. The qualitative analysis is presented in a table that shows top ranked risks in Libyan construction projects based on probability-impact grid technique. In quantitative risk analyses, Mont Carlo simulation technique has been conducted to quantify and evaluate the overall level of risk exposure associated with the project completion cost. A project simulation uses a model that translates cost uncertainties into their potential impact on project objectives. A frequency curve model that represents simulation results of project completion costs has been constructed. The frequency curve model shows all possible outcomes of expected project cost at different probabilities. Project manager or decision maker can select the appropriate project budget. If a probability of 0.95 confident project budget is selected that means cost overrun risk can be minimized to a probability of 0.05. It is very helpful for project manager to take decisions based on information that shows project completion cost and its associated probability rather than using single information of estimated cost." @default.
- W1021176641 created "2016-06-24" @default.
- W1021176641 creator A5086908482 @default.
- W1021176641 date "2013-05-28" @default.
- W1021176641 modified "2023-09-26" @default.
- W1021176641 title "Cost Risk Appraisal: An Application of Project Risk Management Process in Libyan Construction Projects" @default.
- W1021176641 cites W1964164568 @default.
- W1021176641 cites W1972442792 @default.
- W1021176641 cites W1991650436 @default.
- W1021176641 cites W2013334098 @default.
- W1021176641 cites W2036989828 @default.
- W1021176641 cites W2051171236 @default.
- W1021176641 cites W2069993317 @default.
- W1021176641 cites W2127081806 @default.
- W1021176641 cites W2326197851 @default.
- W1021176641 cites W387612769 @default.
- W1021176641 doi "https://doi.org/10.17265/1934-7359/2013.05.009" @default.
- W1021176641 hasPublicationYear "2013" @default.
- W1021176641 type Work @default.
- W1021176641 sameAs 1021176641 @default.
- W1021176641 citedByCount "0" @default.
- W1021176641 crossrefType "journal-article" @default.
- W1021176641 hasAuthorship W1021176641A5086908482 @default.
- W1021176641 hasConcept C10138342 @default.
- W1021176641 hasConcept C107053488 @default.
- W1021176641 hasConcept C111919701 @default.
- W1021176641 hasConcept C112930515 @default.
- W1021176641 hasConcept C127413603 @default.
- W1021176641 hasConcept C144133560 @default.
- W1021176641 hasConcept C21425071 @default.
- W1021176641 hasConcept C32896092 @default.
- W1021176641 hasConcept C41008148 @default.
- W1021176641 hasConcept C98045186 @default.
- W1021176641 hasConceptScore W1021176641C10138342 @default.
- W1021176641 hasConceptScore W1021176641C107053488 @default.
- W1021176641 hasConceptScore W1021176641C111919701 @default.
- W1021176641 hasConceptScore W1021176641C112930515 @default.
- W1021176641 hasConceptScore W1021176641C127413603 @default.
- W1021176641 hasConceptScore W1021176641C144133560 @default.
- W1021176641 hasConceptScore W1021176641C21425071 @default.
- W1021176641 hasConceptScore W1021176641C32896092 @default.
- W1021176641 hasConceptScore W1021176641C41008148 @default.
- W1021176641 hasConceptScore W1021176641C98045186 @default.
- W1021176641 hasIssue "5" @default.
- W1021176641 hasLocation W10211766411 @default.
- W1021176641 hasOpenAccess W1021176641 @default.
- W1021176641 hasPrimaryLocation W10211766411 @default.
- W1021176641 hasRelatedWork W1523381270 @default.
- W1021176641 hasRelatedWork W2013206255 @default.
- W1021176641 hasRelatedWork W2040341316 @default.
- W1021176641 hasRelatedWork W2355623271 @default.
- W1021176641 hasRelatedWork W2902483985 @default.
- W1021176641 hasRelatedWork W2907755470 @default.
- W1021176641 hasRelatedWork W3009773132 @default.
- W1021176641 hasRelatedWork W3144529281 @default.
- W1021176641 hasRelatedWork W4205661208 @default.
- W1021176641 hasRelatedWork W2992450106 @default.
- W1021176641 hasVolume "7" @default.
- W1021176641 isParatext "false" @default.
- W1021176641 isRetracted "false" @default.
- W1021176641 magId "1021176641" @default.
- W1021176641 workType "article" @default.