Project Risk Costs: Estimation Overruns Caused When Using Only Expected Value for Contingency Calculations

Author:

Vegas-Fernández Fernando1ORCID

Affiliation:

1. Civil Engineer, Escuela Técnica Superior de Ingenieros de Caminos, Canales y Puertos, Universidad Politécnica de Madrid, c/ Profesor Aranguren 3, Madrid 28043, Spain. ORCID: .

Publisher

American Society of Civil Engineers (ASCE)

Subject

Management Science and Operations Research,Strategy and Management,General Engineering,Industrial relations,Building and Construction

Reference115 articles.

1. Determination of contingency sum for building projects in Ghana;Addo J. N. T.;Afr. J. Appl. Res.,2015

2. Aderbag M. A. S. K. Elmabrouk and M. A. Sherif. 2018. “Risk analysis related to costing and scheduling of construction projects.” In Proc. Int. Conf. on Industrial Engineering and Operations Management 6–18. Southfield MI: Industrial Engineering and Operations Management Society International.

3. Risk factors in construction projects during unrest period in Yemen;Alashwal A. M.;J. Constr. Dev. Countries,2019

4. Allahaim F. S. L. Liu and X. Kong. 2016. “Developing risk-based cost contingency estimation model based on the influence of cost overrun causes.” In Proc. CIB World Building Congress 726–739. Brisbane QLD Australia: Queensland Univ. of Technology.

5. Allahaim F. S. L. Liu and X. Kong. 2017. “A risk-based cost contingency estimation model for infrastructure projects.” In Proc. ICCREM 2016: BIM Application and Off-Site Construction 1293–1303. Reston VA: ASCE.

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