Quantitative risk assessment model and optimization in infrastructure fast-track construction projects

HIGHLIGHTS

SUMMARY

    Project decision-makers need to integrate the overlapping risks (i.e., risks for different overlapping degrees) for fast-track projects into the schedule models to support their project acceleration decisions. While previous studies proposed simulation models for projects applying the fast-track overlapping method, they did not consider that risks may arise for different overlapping degrees. There was a lack of consideration for the fact that the risk impact characteristics are better represented as a distribution, the potential relationship among these risks, and that an overlapping combination could minimize the impact of overlapping risks . . .

     

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