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In 1993 the Hong Kong Government implemented a methodology for capital cost estimating using risk analysis (ERA) in its estimating for the planning of public works projects. ERA is a simple approach and is used to estimate and calculate an amount of money to allow for uncertainties associated...
Persistent link: https://www.econbiz.de/10005482620
duration or cost risks. In view of this, an integrated duration-cost influence network that systematically represents the … risk impacts affecting any construction task, and the nature of risks can be investigated in the risk modelling process. In …
Persistent link: https://www.econbiz.de/10005633116
There are few public-private partnership (PPP) projects in the UAE, but the number is increasing. Recently government and public bodies have intensified their interest in PPPs to encourage more involvement of the private sector in the country's development. The aim of the research is to evaluate...
Persistent link: https://www.econbiz.de/10008674581
Value management (VM) practitioners often encounter problems of lack of active participation and insufficient time and information in decision analysis. The use of a group decision support system (GDSS) is proposed to overcome the above problems by improving the efficiency and effectiveness of...
Persistent link: https://www.econbiz.de/10008674591
Research and development (R&D) activities are important to the construction industry to successfully address the challenges placed upon it and to be competitive. Identifying the factors that influence the success of construction R&D activities is important as such identification would help the...
Persistent link: https://www.econbiz.de/10008466639