Quantitative risk analysis procedure for economic project sustainability.

Jithin Arakkatt Shaji
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Abstract

The paper briefly explains the importance of quantitative procedures of risk analysis in large and medium scale projects for the sustenance of project economic sustainability. Globally, several construction projects are being descoped and tend to close out before attaining the initial project deliverables due to cost and schedule overruns. The quantitative methods can sieve the key factors and forecast the tangible impacts that can lead to schedule or cost variance in a project. It can guide the project stakeholders for timely decision making and mitigate the risks associated to achieve the project goals. Today, the quantitative methods are pivotal to analyze the impacts of Covid-19 crises in Construction industry which are increasingly apparent. Keywords- Project economic sustainability, Risk analysis, Quantitative methods
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经济项目可持续性定量风险分析程序。
本文简要说明了大中型项目风险分析定量程序对维持项目经济可持续性的重要性。在全球范围内,由于成本和进度超支,几个建筑项目正在缩减,往往在实现最初的项目交付之前就已经结束。定量方法可以筛选关键因素,并预测可能导致项目进度或成本差异的有形影响。它可以指导项目利益相关者及时做出决策,并减轻相关风险,以实现项目目标。如今,量化方法对于分析新冠肺炎危机对建筑业的影响至关重要,而这一影响越来越明显。关键词-项目经济可持续性,风险分析,定量方法
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发文量
5
审稿时长
16 weeks
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