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Ökmen, & and Öztaş, A (2008) Construction Project Network Evaluation with Correlated Schedule Risk Analysis Model. Journal of Construction Engineering and Management, 134(01), 49–63.

  • Type: Journal Article
  • Keywords: Construction management; Network analysis; Scheduling; Risk management; Correlation; Simulation models;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2008)134:1(49)
  • Abstract:
    Schedules are the means of determining project duration accurately, controlling project progress, and allocating resources efficiently in managing construction projects. It is not sufficient in today’s conditions to evaluate the construction schedules that are affected widely by risks, uncertainties, unexpected situations, deviations, and surprises with well-known deterministic or probabilistic methods such as the critical path method, bar chart (Gantt chart), line of balance, or program evaluation and review technique. In this regard, this paper presents a new simulation-based model—the correlated schedule risk analysis model (CSRAM)—to evaluate construction activity networks under uncertainty when activity durations and risk factors are correlated. An example of a CSRAM application to a single-story house project is presented in the paper. The findings of this application show that CSRAM operates well and produces realistic results in capturing correlation indirectly between activity durations and risk factors regarding the extent of uncertainty inherent in the schedule.

Cui, Q, Johnson, P, Quick, A and Hastak, M (2008) Valuing the Warranty Ceiling Clause on New Mexico Highway 44 Using a Binomial Lattice Model. Journal of Construction Engineering and Management, 134(01), 10–17.

Hassan, M M and Gruber, S (2008) Simulation of Concrete Paving Operations on Interstate-74. Journal of Construction Engineering and Management, 134(01), 2–9.

Khalafallah, A and El-Rayes, K (2008) Minimizing Construction-Related Security Risks during Airport Expansion Projects. Journal of Construction Engineering and Management, 134(01), 40–48.

Liou, F and Huang, C (2008) Automated Approach to Negotiations of BOT Contracts with the Consideration of Project Risk. Journal of Construction Engineering and Management, 134(01), 18–24.

Lu, M and Lam, H (2008) Critical Path Scheduling under Resource Calendar Constraints. Journal of Construction Engineering and Management, 134(01), 25–31.

Seo, J W and Choi, H H (2008) Risk-Based Safety Impact Assessment Methodology for Underground Construction Projects in Korea. Journal of Construction Engineering and Management, 134(01), 72–81.

Stoy, C, Pollalis, S and Schalcher, H (2008) Drivers for Cost Estimating in Early Design: Case Study of Residential Construction. Journal of Construction Engineering and Management, 134(01), 32–39.

Xue, X, Shen, Q, Wang, Y and Lu, J (2008) Measuring the Productivity of the Construction Industry in China by Using DEA-Based Malmquist Productivity Indices. Journal of Construction Engineering and Management, 134(01), 64–71.