engleski

Simulation of Construction Project Activities Duration by Means of Beta PERT Distribution

Construction projects normally imply engaging considerable resources. Given the complexity and the necessity to coordinate a number of activities, project managers are required to use different scheduling methods. They can help to reduce significantly the time required to complete the project, and in this way the total costs. However, to improve the decision-making further, it is necessary to conduct also a risk analysis based on a computer simulation. Within the decision model presented in this paper, activity duration simulations are based on a random variable generated from a beta PERT distribution. The paper gives also the algorithm describing this procedure.

computer simulation ; activities duration ; construction projects costs ; beta PERT distribution ; scheduling methods ; decision model ; algorithm

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