International Construction Project Management Association
Conference title:
Sustainable Mobility Infrastructure (2022, Porto)
Venue:
Porto
Year of conference:
2022
Date of conference beginning:
23.05.2022
Date of conference ending:
24.05.2022
Year:
2022
Pages from - to:
19
Language:
Englisch
Abstract:
Effective cost and risk management is essential for the success of large infrastructure projects, as demonstrated by a long history of cost overruns. Key processes necessary to identify and manage risks on complex tunneling projects have been developed over the last 20 years to implement risk-based approaches for better cost and schedule estimation.
Cost and schedule, however, were mostly treated separately instead of integrating them into one model. This integration is highly relevant as schedule delays are very often the root cause for severe cost overruns.
This lecture presents a fully-integrated probabilistic cost and schedule model that provides a basis for further analysis (e.g. what if) on a management level. The application is based on combination of practice-proved approaches to add a powerful tool for the management of complex risk environments. Particularly with alternative project delivery has a shared risk mechanism. Owner and contractor work together to identify risk and determine a budget.
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Effective cost and risk management is essential for the success of large infrastructure projects, as demonstrated by a long history of cost overruns. Key processes necessary to identify and manage risks on complex tunneling projects have been developed over the last 20 years to implement risk-based approaches for better cost and schedule estimation.
Cost and schedule, however, were mostly treated separately instead of integrating them into one model. This integration is highly relevant as sch... »
Department:
Fakultät für Bauingenieurwesen und Umweltwissenschaften
Institute:
BAU 8 - Institut für Projektmanagement und Bauwirtschaft
Chair:
Sander, Philip
Research Hub UniBw M:
dtec.bw
Project:
DigiPeC
Open Access yes or no?:
Ja / Yes
Presentation at:
ICPMA Sustainable Mobility Infrastructure - Connecting Cities and People 2022