Identifies the process, benefits, and implications of using probabilistic analysis of cost and schedule risks in the design and construction of capital projects. Presents the results of a thorough literature review and a state-of-practice survey. Also discusses the "how" and "why" of probabilistic methods through multiple case studies, and a validation survey to confirm all findings. Finally, introduces the team's implementation resources, a risk register tool and a laminated risk register reference card.
Senesi, C.,听Javernick-Will, A.,听and听Molenaar, K., Furlani, K. and Relyea, C.听(2013). "."听Research Summary, RS280-1, Construction Industry Institute. Austin, TX.