Managing Uncertainty in Project Planning and Execution: Introduction and Overviewby Guru N. Rao, Univ of Illinois at Urbana-Champaign, Urbana, United States,
Francois Grobler, Univ of Illinois at Urbana-Champaign, Urbana, United States,
Liang Y. Liu, Univ of Illinois at Urbana-Champaign, Urbana, United States,
Document Type: Proceeding Paper
Abstract: This paper provides an introduction and overview of topics that are relevant to project design and management under conditions of uncertainty, with an emphasis on civil engineering projects. Its intent is to `de-mystify' risk analysis and provide the construction practitioner with a foothold in the climb to these essential skills. Topics presented include theories of uncertainty, tools and techniques for risk analysis, state-of-the-art in risk analysis, and risk analysis applications in civil engineering.
Subject Headings: Risk management | Project management | Uncertainty principles | Computer aided operations | Computer analysis | Construction methods | Management methods
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