Bennett, J and Ormerod, R N (1984) Simulation applied to construction projects. Construction Management and Economics, 2(3), pp. 225-263. ISSN 01446193
Abstract
The paper describes the uncertain environment in which construction activity occurs, and in particular the variability in productivity and the occurrence of external interferences. The paper then describes a suite of computer programs known as the Construction Project Simulator (CPS) whose features include: a hierarchy of linked bar charts, 'preliminaries schedule', weather data, direct costs, and resources for costing and/or resource restraint. The results of an actual project are presented to demonstrate the type and range of output available, including duration and cost predictions and cash flow curves. The results of four varied construction projects subjected to simulation are presented, with the results demonstrating an improvement in accuracy over the common deterministic estimating procedures of the UK construction industry.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | interference; risk; simulation; uncertainty; variability |
| Index terms: | duration, construction industry, costing, variability, preliminaries, computer program, productivity, construction activity, direct cost, cost prediction, weather, estimating, construction project, accuracy, cash flow |
| Subjects: | industry analysis, statistical analysis, project controls, production management, professional development, financial management, management, accounting and finance, economics, software systems, construction operations, financial and cost management, air quality |
| Topics: | Digital Applications, Site Management, Time Control, Project Management, Research Practice, Information Management, Business Strategy, Cost Management, Sustainability |
| Descriptive scope: | 3 PCT |
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