Abstract: Project managers implement the concept of time contingency to consider uncertainty in duration estimates and prevent project completion delays. Some project managers also build a distribution of the project time contingency ...

Abstract: In the practice of project management, cost contingencies have the objective of covering probable cost increases (risks) above target estimates. Due to the variable performance nature for a wide range of activities, ...

Abstract: This study introduces a new probabilistic project control concept to assure an acceptable forecast of final project performance, in terms of not exceeding planned budget and schedule risk levels. This concept consists in ...

Abstract: This study presents a new methodology for evaluating at-completion project performance status. This new procedure uses the concept of stochastic S curves (SS curves) to determine forecasted project estimates as an alternative ...

Abstract: The purpose of this study was to develop a new concept of project control. This new concept uses stochastic S-curves (SS-Curves) as an alternative to using the deterministic S-curve technique commonly employed in professional ...