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Managing Cost Risks in Oil and Gas Construction Projects: Root Causes of Cost Overruns
Publisher: ASCE
Abstract: This study identifies and classifies the root causes (i.e., the primary precursors) of cost overruns in oil and gas construction projects. Past studies generally focused on identifying the most immediate precursors ...
Application of Weibull Analysis to Evaluate and Forecast Schedule Performance in Repetitive Projects
Publisher: American Society of Civil Engineers
Abstract: Construction managers regularly monitor projects to ensure that the project performance is under control. The earned value method (EVM) is a widely used tool to forecast project cost and time at completion. However, the ...
Application of Weibull Analysis to Evaluate and Forecast Schedule Performance in Repetitive Projects
Publisher: American Society of Civil Engineers
Abstract: Construction managers regularly monitor projects to ensure that the project performance is under control. The earned value method (EVM) is a widely used tool to forecast project cost and time at completion. However, the ...
Probabilistic Modeling Framework for Prediction of Seismic Retrofit Cost of Buildings
Publisher: American Society of Civil Engineers
Abstract: This study presents a framework that utilizes Bayesian regression to create probabilistic cost models for retrofit actions. Performance improvement is the key parameter introduced in the proposed framework. The incorporation ...
Optimal Timing of the Seismic Vulnerability Reduction Measures Using Real Options Analysis
Publisher: ASCE
Abstract: The uninterrupted performance of the infrastructure systems of a community is essential to its welfare and prosperity. Infrastructure assets are continuously subject to degradation, which can compromise their performance ...