Assessing Project Contingency Reserves with the Expected Cost Overrun Risk Measure

AbstractThis paper proposes a coherent risk measure to assess project cost overrun contingency reserves: the project expected cost overrun (ECO). It is shown that the traditional project cost-percentile metric does not qualify as a coherent risk measure and, therefore, that the ECO metric should be...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of construction engineering and management 2022-10, Vol.148 (10)
Hauptverfasser:	Paquin, Jean-Paul, Morin, Pierre-Paul, Lambert, Annick, Koplyay, Tamas
Format:	Artikel
Sprache:	eng
Schlagworte:	Contingency Probability distribution Reserves Risk analysis Technical Papers
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!