Contents
Acknowledgements iii
Abstract iv
List of figures v
List of tables vi
List of abbreviations vii
1. Introduction 1
1.1. Introduction 1
1.2. Background of Research 2
1.3. Need for the Study 2
2. Research Design 3
2.1. Objectives of the Research 3
2.2. Scope of the Study 3
2.3. Research Methodology 3
2.4. Tools and Techniques 4
2.5. Research Schedule 4
3. Literature Review 5
3.1. Project Planning and Scheduling 5
3.1.1. Project Scheduling 5
3.2. Risk & Risk Management 6
3.2.1. Risk Management 7
3.2.2. Risk Techniques 9
3.2.3. Risk Factors 10
3.3. Previous studies related to Schedule Risk 11
3.3.1. Correlated schedule risk analysis model (CSRAM) 11
3.3.2. Expected value method (EVM) 11
3.3.3. Monte Carlo Simulation 12
3.4. Literature Review Table 13
3.5. Research Gap 19
4. Methodology of schedule risk analysis 20
4.1. Introduction 20
4.2. Case Study 23
4.2.1. Introduction 23
4.2.2. Overview of the project 23
4.2.3. Construction schedule 27
4.3. Methods used for schedule risk analysis 29
4.3.1. Expected value method (EVM) 29
4.3.2. Correlated Schedule Risk Analysis Model (CSRAM) 31
4.3.3. Monte Carlo Simulation (MCS) 35
5. Data collection and Analysis 36
5.1. Data collection 36
5.1.1. Respondent’s details 36
5.1.2. Questionnaire 37
5.2. Data Analysis 38
5.2.1. Expected Value Method (EVM) 38
5.2.2. Monte Carlo Simulation (MCS) 45
5.2.3. Correlated Schedule Risk Analysis Model (CSRAM) 46
5.3. Limitations of models used 57
6. Conclusion and Future study 59
6.1. Achivements 59
6.2. Conclusion 59
6.3. Future scope 60
References 61
Annexure – 1 63