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Determining and Managing Contingency Reserve throughout the Lifecycle of Construction Projects
DownloadSpring 2023
Managing risk events and uncertainties plays a key role in the successful delivery of construction projects. To cover the implementation cost of risk response actions as well as the effects of risks on project goals, contingency reserve must be calculated and considered in the project budget....
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Understanding and Improving Input for Quantitative Risk Analysis in the Construction Industry
DownloadFall 2013
Risk analysis in the construction industry involves identifying risk events that could potentially affect a project and its delivery, quantifying those risks, and developing mitigation strategies to enhance project success. This thesis aims to improve the process of risk analysis through the...