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AbouRizk, S, Halpin, D, Mohamed, Y and Hermann, U (2011) Research in Modeling and Simulation for Improving Construction Engineering Operations. Journal of Construction Engineering and Management, 137(10), 843–52.

Alarcón, L F, Ashley, D B, de Hanily, A S, Molenaar, K R and Ungo, R (2011) Risk Planning and Management for the Panama Canal Expansion Program. Journal of Construction Engineering and Management, 137(10), 762–71.

  • Type: Journal Article
  • Keywords: Construction costs; Risk management; Uncertainty principles; Panama Canal; Scheduling; Construction costs; Cost estimates; Risk analysis; Uncertainty analysis; Risk management; Canals; Scheduling;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000317
  • Abstract:
    In April 2006, the Panama Canal Authority formally proposed a major expansion of the canal to increase its capacity and make it more productive, safe, and efficient. This proposal included cost and schedule estimates for completing the expansion and was supported overwhelmingly by the citizens of Panama in an October 2006 public referendum. Given the conceptual level of design at the time of the proposal and the inherent uncertainty in a project of this magnitude at the early stages of engineering, a comprehensive risk analysis was performed to develop a contingency model for the total expansion program cost and schedule. This contingency model is based on a Monte Carlo simulation of the cost and schedule estimates, taking into account the most significant risks identified for the project. The resulting model provides contingency assessments for duration and total cost and sensitivity analysis of the risks; it also allows for multiple scenario planning and ultimately supports overall risk management. This paper presents a project case study that focuses on the contingency model development and the resulting risk management and contingency resolution processes.

Bauer, E and Menches, C L (2011) Why We Need Renaissance Engineers: Golden Gate Bridge Seismic Retrofit Phase II Case Study. Journal of Construction Engineering and Management, 137(10), 901–5.

Bittner, R B and Schmitt, R L (2011) Construction Engineering Process and Knowledge Requirements for Fostering Creative Design Solutions on Infrastructure Projects. Journal of Construction Engineering and Management, 137(10), 772–6.

Cleveland, A B (2011) Emerging Tools to Enable Construction Engineering. Journal of Construction Engineering and Management, 137(10), 836–42.

Fischer, M and Adams, H (2011) Engineering-Based Decisions in Construction. Journal of Construction Engineering and Management, 137(10), 751–4.

Fisher, A D and Robitaille, A M (2011) Replacement of the Movable Span of the Thames River Bridge: How 19th Century Technology Impacted 21st Century Construction. Journal of Construction Engineering and Management, 137(10), 895–900.

Haycraft, W R (2011) History of Construction Equipment. Journal of Construction Engineering and Management, 137(10), 720–3.

Howell, G A (2011) New Operating System for Project Management: Consequences and Opportunities. Journal of Construction Engineering and Management, 137(10), 882–6.

Howell, G A, Ballard, G and Tommelein, I (2011) Construction Engineering—Reinvigorating the Discipline. Journal of Construction Engineering and Management, 137(10), 740–4.

Jahren, C T and Johnston, D W (2011) Linkages between Construction Engineering Education and Research. Journal of Construction Engineering and Management, 137(10), 887–94.

Jaselskis, E, Ruwanpura, J, Becker, T, Silva, L, Jewell, P and Floyd, E (2011) Innovation in Construction Engineering Education Using Two Applications of Internet-Based Information Technology to Provide Real-Time Project Observations. Journal of Construction Engineering and Management, 137(10), 829–35.

Kamat, V R, Martinez, J C, Fischer, M, Golparvar-Fard, M, Peña-Mora, F and Savarese, S (2011) Research in Visualization Techniques for Field Construction. Journal of Construction Engineering and Management, 137(10), 853–62.

Kannan, G (2011) Field Studies in Construction Equipment Economics and Productivity. Journal of Construction Engineering and Management, 137(10), 823–8.

Lucko, G (2011) Modeling the Residual Market Value of Construction Equipment under Changed Economic Conditions. Journal of Construction Engineering and Management, 137(10), 806–16.

Luth, G P (2011) VDC and the Engineering Continuum. Journal of Construction Engineering and Management, 137(10), 906–15.

McTavish, R and Stallard, R (2011) Construction Engineering Today1. Journal of Construction Engineering and Management, 137(10), 724–9.

Mitchell, Z, Hildreth, J and Vorster, M (2011) Using the Cumulative Cost Model to Forecast Equipment Repair Costs: Two Different Methodologies. Journal of Construction Engineering and Management, 137(10), 817–22.

Monnot, J M and Williams, R C (2011) Construction Equipment Telematics. Journal of Construction Engineering and Management, 137(10), 793–6.

Randall, T (2011) Construction Engineering Requirements for Integrating Laser Scanning Technology and Building Information Modeling. Journal of Construction Engineering and Management, 137(10), 797–805.

Sanders, S A and Shapira, A (2011) Windmill Erection and Maintenance: Challenges for Crane Design. Journal of Construction Engineering and Management, 137(10), 777–84.

Schexnayder, C and Anderson, S (2011) Construction Engineering Education: History and Challenge. Journal of Construction Engineering and Management, 137(10), 730–9.

Schexnayder, C, Celaya, M, Recavarren, G C, Fiori, C and Jaselskis, E J (2011) Engineering with the Elements. Journal of Construction Engineering and Management, 137(10), 755–61.

Shahandashti, S M, Razavi, S N, Soibelman, L, Berges, M, Caldas, C H, Brilakis, I, Teizer, J, Vela, P A, Haas, C, Garrett, J, Akinci, B and Zhu, Z (2011) Data-Fusion Approaches and Applications for Construction Engineering. Journal of Construction Engineering and Management, 137(10), 863–9.

Stemp, B A and Walewski, J (2011) Lampson Transi-Lift Mobile Crane: Concept, Design, and Use. Journal of Construction Engineering and Management, 137(10), 785–92.

Taneja, S, Akinci, B, Garrett, J H, Soibelman, L, Ergen, E, Pradhan, A, Tang, P, Berges, M, Atasoy, G, Liu, X, Shahandashti, S M and Anil, E B (2011) Sensing and Field Data Capture for Construction and Facility Operations. Journal of Construction Engineering and Management, 137(10), 870–81.

Tatum, C B (2011) Core Elements of Construction Engineering Knowledge for Project and Career Success. Journal of Construction Engineering and Management, 137(10), 745–50.

Vorster, M C (2011) Teaching and Learning: The Critical Balance in Effective Education. Journal of Construction Engineering and Management, 137(10), 916–22.