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Abraham, D M (1990) A state-based framework using indicators for construction monitoring and evaluation, Unpublished PhD Thesis, , University of Maryland, College Park.
Ahrari, A (2012) A decision support system for dynamic integrated project scheduling and equipment operation planning, Unpublished PhD Thesis, , University of Maryland, College Park.
Akar, G (2009) Analysis of activity choice: The role of activity attributes and individual schedules, Unpublished PhD Thesis, , University of Maryland, College Park.
Al-Fadhala, M M (2002) Uncertainty-based condition assessment of existing concrete structures, Unpublished PhD Thesis, , University of Maryland, College Park.
Al-Wazeer, A A-R (2007) Risk-based bridge maintenance strategies, Unpublished PhD Thesis, , University of Maryland, College Park.
Avetisyan, H G (2013) Sustainable infrastructure modeling and policy analyses: Construction, energy and transportation industries, Unpublished PhD Thesis, , University of Maryland, College Park.
Bai, L (2013) RFID sensor-driven structural condition monitoring in integrated building information modeling environment, Unpublished PhD Thesis, , University of Maryland, College Park.
Bender, W J (2000) A risk-based cost control methodology for constructing complex structures with the mobile offshore base as a case study, Unpublished PhD Thesis, , University of Maryland, College Park.
- Type: Thesis
- Keywords: control system; uncertainty; civil engineering; cost control; forecasting; risk assessment; decision analysis; risk analysis; case study; simulation; target cost; construction cost; cost variance; project manager
- ISBN/ISSN:
- URL: https://www.proquest.com/docview/230905067
- Abstract:
The civil engineering profession has long recognized the need for cost control on projects. Cost control and prevention of cost escalation may be considered the most important function of project managers. Several techniques have been established to control construction costs, unfortunately all of these techniques rely on controlling line items which have already experienced cost escalation. This research presents an alternative to these established methods by presenting a risk-based cost control system that employs a simulation technique for cost forecasting And combines risk analysis with earned value. Utilizing the presented approach project managers will be able to anticipate potential cost concerns, forecast costs at completion, and proactively prevent cost variances. Existing cost control methodologies are described in some detail. Most notable is the earned value technique which is currently used by the construction industry. Its disadvantage is that it does not aggressively forecast potential cost issues. There is a recognized benefit to performing a risk analysis when developing a project's strategy, cost estimate, and schedule. The maximum benefit from a risk analysis is achieved when project managers actively manage the risk identified and quantified in a risk analysis. Risk analysis techniques as applied to construction are presented, expanded upon, and combined with cost control to present a proposed methodology. A risk-based methodology is presented that provides an early warning and accounts for potential negative and positive cost impacts. The proposed methodology is applied to the planning and execution phases of a project. In the planning phase risk assessment matrix tables are used to quantify risks and simulation is used to develop target costs and schedule that accounts for uncertainty. The execution phase applies similar techniques and earned value is used to help control cost. Decision analysis techniques are used in both phases to assist project managers to make timely and appropriate decisions. A case study that applies the proposed methodology is demonstrated as it applies to building the proposed Mobile Offshore Base (MOB). The MOB is estimated, scheduled and all of the steps in the proposed methodology are demonstrated.
Chelson, D E (2010) The effects of building information modeling on construction site productivity, Unpublished PhD Thesis, , University of Maryland, College Park.
Chen, C-H (2003) Integrated management of highway maintenance and traffic, Unpublished PhD Thesis, , University of Maryland, College Park.
Cheung, M (2017) The antecedents of safety leadership, Unpublished PhD Thesis, , University of Maryland, College Park.
Chung, B (2007) An analysis of success and failure factors for ERP systems in engineering and construction firms, Unpublished PhD Thesis, , University of Maryland, College Park.
Ding, Q (2018) Using social media to evaluate public acceptance of infrastructure projects, Unpublished PhD Thesis, , University of Maryland, College Park.
Eldukair, Z A R (1988) Safety assessment and optimization of construction operations based on fuzzy sets, Unpublished PhD Thesis, , University of Maryland, College Park.
Erfani, A (2023) Data-driven risk modeling for infrastructure projects using artificial intelligence techniques, Unpublished PhD Thesis, , University of Maryland, College Park.
Hao, J X (2007) Infrastructure investment and economic development, Unpublished PhD Thesis, , University of Maryland, College Park.
Hickey, P J (2023) A study of gender diversity in u.S. Architecture, engineering, and construction (AEC) industry leadership, Unpublished PhD Thesis, , University of Maryland, College Park.
Hsu, S-C (2013) A complexity-based approach to intra-organizational team selection, Unpublished PhD Thesis, , University of Maryland, College Park.
Hu, M (2022) Influence of project design team characteristics on construction cost of sustainable buildings, Unpublished PhD Thesis, , University of Maryland, College Park.
Ingraham, A T (2001) Bidder-auctioneer cheating in sealed-bid auctions, Unpublished PhD Thesis, , University of Maryland, College Park.
Jang, W S (2007) Embedded system for construction material tracking using combination of radio frequency and ultrasound signal, Unpublished PhD Thesis, , University of Maryland, College Park.
Karimi, S (2021) A systematic methodology for evaluating and balancing acceptance risks with pay factors for highway construction materials, Unpublished PhD Thesis, , University of Maryland, College Park.
Lessani, A (2016) Decision analysis in construction claims, Unpublished PhD Thesis, , University of Maryland, College Park.
Lu, R (2010) Impacts of local item dependence of testlet items with the multistage tests for pass-fail decisions, Unpublished PhD Thesis, , University of Maryland, College Park.
McCahill, D F (1990) A practical model for simulation of earthwork construction, with applications for scheduling, Unpublished PhD Thesis, , University of Maryland, College Park.
Mohieldin, Y A (1989) Analysis of construction processes with nonstationary work task durations, Unpublished PhD Thesis, , University of Maryland, College Park.
Moore, W B (1989) Modeling the impact of large construction projects on surrounding communities, Unpublished PhD Thesis, , University of Maryland, College Park.
Neely, L E (2017) Project scheduling disputes: Expert characterization and estimate aggregation, Unpublished PhD Thesis, , University of Maryland, College Park.
Negahban, S (2008) Utilization of enterprise resource planning tools by small to medium size construction organizations: A decision-making model, Unpublished PhD Thesis, , University of Maryland, College Park.
Nyakaana Blair, A M A (1999) Risk analysis of cost and schedule of complex engineering systems, Unpublished PhD Thesis, , University of Maryland, College Park.
Ordonez Arizaga, J F (2007) A methodology for project risk analysis using Bayesian belief networks within a Monte Carlo simulation environment, Unpublished PhD Thesis, , University of Maryland, College Park.
Owoyemi, J A (2018) Performance evaluation of higway transportation design-build project delivery: A case study, Unpublished PhD Thesis, , University of Maryland, College Park.
Parvan, K (2012) Estimating the impact of building information modeling (BIM) utilization on building project performance, Unpublished PhD Thesis, , University of Maryland, College Park.
Quadri, H A (2019) Value engineering decisioneering: A risk management tool in the project management office- case study of electricity distribution companies in Nigeria, Unpublished PhD Thesis, , University of Maryland, College Park.
Salgado, C A (2005) Construction project organizational structuring, Unpublished PhD Thesis, , University of Maryland, College Park.
Shafahi, A (2016) Mathematical model and framework for multi-phase project optimization, Unpublished PhD Thesis, , University of Maryland, College Park.
Sharma, D K (2012) Design of availabilty payment mechanism for public private partnerships, Unpublished PhD Thesis, , University of Maryland, College Park.
Sundararajan, S K (2004) Project performance-based optimal capital structure for privately financed infrastructure projects, Unpublished PhD Thesis, , University of Maryland, College Park.
Tatari, M O (2009) Empirical analysis of construction enterprise information systems: Assessing the critical factors and benefits, Unpublished PhD Thesis, , University of Maryland, College Park.
Vecino, G A (2016) The feasibility of using web-based technology for the management of dredging projects, Unpublished PhD Thesis, , University of Maryland, College Park.
Yang, N (2010) Optimization of highway work zone decisions considering short-term and long-term impacts, Unpublished PhD Thesis, , University of Maryland, College Park.
Zeng, Y (2010) Risk management for enterprise resource planning system implementations in project-based firms, Unpublished PhD Thesis, , University of Maryland, College Park.
Zhao, Y (2023) Sustainability, acceptance risk analysis and machine learning in assessing mechanical properties and the impact of highway materials in transportation infrastructure, Unpublished PhD Thesis, , University of Maryland, College Park.