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G. Willmer, "Time and Cost Risk Analysis", in B.H.V. Topping, (Editor), "Proceedings of the Fourth International Conference on Civil and Structural Engineering Computing", Civil-Comp Press, Edinburgh, UK, pp 77-84, 1989. doi:10.4203/ccp.9.2.8

Abstract

The Project Management Group at UMIST has been involved with the development of project management software since the early seventies, and has developed a construction project risk analysis program named CASPAR. Recently, the program has been further developed to include time-only probability analysis which reports the most frequently observed critical paths, the probability of achieving milestone dates, and the most likely completion date for the project. The original CASPAR program has also been extended to illustrate the effect of risks on both the cost and duration of a project. The results are presented in terms of 'probability contours' which quantify the probability of achieving values of both the cost and duration.

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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: 9/10 PROCEEDINGS OF THE FOURTH INTERNATIONAL CONFERENCE ON CIVIL AND STRUCTURAL ENGINEERING COMPUTING Edited by: B.H.V. Topping Paper II.8 Time and Cost Risk Analysis G. Willmer Department of Civil Engineering, UMIST, Manchester, England doi:10.4203/ccp.9.2.8 purchase the full-text of this paper Full Bibliographic Reference for this paper G. Willmer, "Time and Cost Risk Analysis", in B.H.V. Topping, (Editor), "Proceedings of the Fourth International Conference on Civil and Structural Engineering Computing", Civil-Comp Press, Edinburgh, UK, pp 77-84, 1989. doi:10.4203/ccp.9.2.8 Abstract The Project Management Group at UMIST has been involved with the development of project management software since the early seventies, and has developed a construction project risk analysis program named CASPAR. Recently, the program has been further developed to include time-only probability analysis which reports the most frequently observed critical paths, the probability of achieving milestone dates, and the most likely completion date for the project. The original CASPAR program has also been extended to illustrate the effect of risks on both the cost and duration of a project. The results are presented in terms of 'probability contours' which quantify the probability of achieving values of both the cost and duration. 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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