Schedule risk management at early stages of large construction projects based on the GERT model

The schedule risk increases as the construction projects are becoming larger and more complex. Therefore, it's very important to take control of the schedule risk. But most of the research about the schedule risk control concentrated on the implementation stage of a project, the schedule risk a...

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Bibliographic Details
Published inIEEE Conference Anthology pp. 1 - 4
Main Authors Xianyi Gao, Yaqiang Shen, Jing Lin
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.01.2013
Subjects
Decision making
early stages
Economics
Educational institutions
GERT model
large construction projects
Proposals
Risk management
schedule risk
Schedules
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Summary:The schedule risk increases as the construction projects are becoming larger and more complex. Therefore, it's very important to take control of the schedule risk. But most of the research about the schedule risk control concentrated on the implementation stage of a project, the schedule risk at the early stages of a project is often overlooked. In order to explore this issue, we analyze the schedule risk at the early stages and establish a GERT network model using the random network technology. In conclusion, we calculate the model to quantify the schedule risk at the early stages and provide some risk control proposals for the decision-making according to the model.
DOI:10.1109/ANTHOLOGY.2013.6785060