Abstract: The objective of this paper is to identify and study the feedback mechanisms required for the operational simulation of construction projects. To illustrate the concepts involved, we choose a demonstration in earth‐moving ...

Abstract: Risk is inherently present in all construction projects. Quite often, construction projects fail to achieve their time, quality, and budget goals. A risk model entitled construction risk management system (CRMS) is introduced ...

Abstract: A stochastic network model consisting of dependent and independent random variables is developed for construction scheduling. The network model is based on Monte‐Carlo simulation. Data for each network activity consist of ...

Abstract: Critical path method and program evaluation and review technique (CPM/PERT) without resource allocation are totally inadequate for control of major projects. Resource allocation has been a major concern of research and ...