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Abdel Aziz, A M (2007) Successful Delivery of Public-Private Partnerships for Infrastructure Development. Journal of Construction Engineering and Management, 133(12), 918–31.

Barraza, G A and Bueno, R A (2007) Probabilistic Control of Project Performance Using Control Limit Curves. Journal of Construction Engineering and Management, 133(12), 957–65.

  • Type: Journal Article
  • Keywords: Project management; Monte Carlo method; Simulation; Forecasting; Probability;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2007)133:12(957)
  • Abstract:
    This study introduces a new probabilistic project control concept to assure an acceptable forecast of final project performance, in terms of not exceeding planned budget and schedule risk levels. This concept consists in the implementation of performance control limit curves for both actual cost and elapsed time, obtained with a probabilistic approach and a graphical representation referred to as Stochastic S curves (SS curves). In order to facilitate the project control process, control limit curves can be used to display and evaluate actual project performance status without the need of actualizing at completion performance forecasts. Three different approaches (quality, benchmarking, and incremental variance) are proposed in this paper for obtaining the project performance control limit curves. In order to find the control limit curve definition with more conservative acceptable performance variations, these approaches are tested in an example project. A further managerial advantage is found in the recommended approach, as it allows monitoring the use of both cost and scheduling contingencies, along the project execution.

Han, S H, Park, S H, Kim, D Y, Kim, H and Kang, Y W (2007) Causes of Bad Profit in Overseas Construction Projects. Journal of Construction Engineering and Management, 133(12), 932–43.

Kim, C S and Liu, L Y (2007) Cost Information Model for Managing Multiple Projects. Journal of Construction Engineering and Management, 133(12), 966–74.

Salem, O, Shahin, A and Khalifa, Y (2007) Minimizing Cutting Wastes of Reinforcement Steel Bars Using Genetic Algorithms and Integer Programming Models. Journal of Construction Engineering and Management, 133(12), 982–92.

Tang, W, Qiang, M, Duffield, C F, Young, D M and Lu, Y (2007) Risk Management in the Chinese Construction Industry. Journal of Construction Engineering and Management, 133(12), 944–56.

Taylor, J E (2007) Antecedents of Successful Three-Dimensional Computer-Aided Design Implementation in Design and Construction Networks. Journal of Construction Engineering and Management, 133(12), 993–1002.

Yang, C Y, Xu, M X and Chen, W F (2007) Reliability Analysis of Shotcrete Lining during Tunnel Construction. Journal of Construction Engineering and Management, 133(12), 975–81.