Achieving ‘best value’ for the community by deployment of risk based cost estimation using Monte-Carlo Simulation to rate-payer-funded capital intensive road projects.
This paper presents the application and validation of a new tool developed by the first author for accurate risk-based estimation of project budgets. Typical capital intensive projects to which this tool can be applied include road reconstruction, road resheet and road rehabilitation projects. Quant...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
UTS ePRESS
2014-09-01
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| Series: | Organisational Project Management |
| Subjects: | |
| Online Access: | http://epress.lib.uts.edu.au/journals/index.php/opm/article/view/4112 |