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Diekmann, J E (1983) Probabilistic Estimating: Mathematics and Applications. Journal of Construction Engineering and Management, 109(03), 297–308.

  • Type: Journal Article
  • Keywords: Bids; Computer applications; Contingency; Estimation; Probability; Risk management; Simulation;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(1983)109:3(297)
  • Abstract:
    In response to the increased risk levels found in today's projects, project participants are attempting to quantify project cost risk. Various detailed and conceptual estimating formats are reviewed and a number of probabilistic estimating methods are introduced. Particular attention is given to the process of matching a suitable probabilistic estimating technique to a specific estimating format. To select an appropriate probabilistic method, an estimator must consider data availability, existing correlations, output data requirements, the form of the, estimating model, and the number of cost elements contained in the model. Existing obstacles to more realistic probabilistic cost estimates are reviewed.

Maloney, W F (1983) Productivity Improvement: The Influence of Labor. Journal of Construction Engineering and Management, 109(03), 321–34.

Mattar, S G (1983) Segmental Post‐Tensioned Dolphin at Tagrin Point. Journal of Construction Engineering and Management, 109(03), 276–85.

Schnabel, J J and Martin, R E (1983) Parking Garage Supported on Structural Fill. Journal of Construction Engineering and Management, 109(03), 286–96.

Selinger, S (1983) Payment Timing as a Factor in Bid Evaluation. Journal of Construction Engineering and Management, 109(03), 335–41.

Thomas, H R and Daily, J (1983) Crew Performance Measurement Via Activity Sampling. Journal of Construction Engineering and Management, 109(03), 309–20.

Warszawski, A (1983) Planning and Organization of Research in Building. Journal of Construction Engineering and Management, 109(03), 261–75.

Woolery, J C and Crandall, K C (1983) Stochastic Network Model for Planning Scheduling. Journal of Construction Engineering and Management, 109(03), 342–54.