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G. Singh, G.E. Kiangi, "Project Cost Risk Analysis using a Personal Computer", in B.H.V. Topping, (Editor), "Proceedings of the Third International Conference on Civil and Structural Engineering Computing", Civil-Comp Press, Edinburgh, UK, pp 35-42, 1987. doi:10.4203/ccp.4.2.3

Abstract

The uncertainties associated with any project make it impossible to forecast the final cost with complete confidence. Although the desirability of the probability approach, which acknowledges the uncertainties, is now beginning to be widely accepted, there seems to be a limited use amongst engineers and project managers of the quantitative techniques which evaluate the risks involved. This paper demonstrates that the concepts involved are neither obscure nor complex and that well structured risk management techniques can be used to help evaluate and respond to risk. A real life case of a major tunnelling project is used to illustrate the application of an interactive and user-friendly micro based risk appraisal program.

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Front Page Browse CCP CSETS CTR IJRT Other Authors Search Purchase Guide FAQ Contact us	Civil-Comp Proceedings ISSN 1759-3433 CCP: 4/5 PROCEEDINGS OF THE THIRD INTERNATIONAL CONFERENCE ON CIVIL AND STRUCTURAL ENGINEERING COMPUTING Edited by: B.H.V. Topping Paper II.3 Project Cost Risk Analysis using a Personal Computer G. Singh and G.E. Kiangi Department of Civil Engineering, University of Leeds, England doi:10.4203/ccp.4.2.3 purchase the full-text of this paper Full Bibliographic Reference for this paper G. Singh, G.E. Kiangi, "Project Cost Risk Analysis using a Personal Computer", in B.H.V. Topping, (Editor), "Proceedings of the Third International Conference on Civil and Structural Engineering Computing", Civil-Comp Press, Edinburgh, UK, pp 35-42, 1987. doi:10.4203/ccp.4.2.3 Abstract The uncertainties associated with any project make it impossible to forecast the final cost with complete confidence. Although the desirability of the probability approach, which acknowledges the uncertainties, is now beginning to be widely accepted, there seems to be a limited use amongst engineers and project managers of the quantitative techniques which evaluate the risks involved. This paper demonstrates that the concepts involved are neither obscure nor complex and that well structured risk management techniques can be used to help evaluate and respond to risk. A real life case of a major tunnelling project is used to illustrate the application of an interactive and user-friendly micro based risk appraisal program. purchase the full-text of this paper (price £20) go to the previous paper go to the next paper return to the table of contents return to the book description purchase this book (price £78 +P&P)
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