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Skip to Search Results- 2Project Control
- 1Construction Management
- 1Contingency
- 1Forecasting Models
- 1Markov Chains
- 1Monte Carlo Simulation
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Fall 2012
Project risks and uncertainties cause unpredictable project performance. This research intended to demonstrate that project control can be improved with the proceeding of a project, by exploiting new, available project information, and reducing uncertainties. The purpose of this study was to...
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Using Monte Carlo Simulation to Evaluate Performance of Forecasting Models in Project Control
DownloadFall 2020
The construction sector is one of the largest in the world economy. Billions of dollars are spent every year to execute and deliver projects serving the public. However, internal and external factors – such as unexpected weather, financial difficulties, manpower shortages, and excessive change...