MODERN RISK QUANTIFICATION IN COMPLEX PROJECTS

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MODERN RISK QUANTIFICATION IN COMPLEX PROJECTS

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Modern Risk Quantification in Complex Projects

Project practitioners and decision makers complain that both parametric and Monte Carlo methods fail to produce accurate project duration and cost contingencies in the majority of cases. Apparently, these methods have unacceptably high systematic errors as they miss out critically important components of project risk exposure. In the case of

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Modern Risk Quantification in Complex Projects

Project practitioners and decision makers complain that both parametric and Monte Carlo methods fail to produce accurate project duration and cost contingencies in majority of cases. Apparently, the referred methods have unacceptably high systematic errors as they miss out critically important components of project risk exposure. In the case of

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Global Risk and Contingency Management Research in Times of Crisis

Risks can be identified, evaluated, and mitigated, but the underlying uncertainty remains elusive. Risk is present across all industries and sectors. As a result, organizations and governments worldwide are currently experiencing higher levels of risk and have had to make risky decisions during times of crisis and instability, including the

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Risk Based Project Decisions in Situations of High Complexity and Deep Uncertainty

This book integrates for readers three areas of knowledge, pertaining to risk-based project decision making: project risk management (PRM), complexity theory, and decision-making under deep uncertainty (DMDU). Readers will appreciate that in practice, too often relevant complexity and uncertainty factors are either ignored or overlooked resulting in epic project failures.

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Contemporary Approaches in Urbanism and Heritage Studies

This book is an intellectuaJ discourse and a concise compendium of current research in Architecture and Urbanism. Primarily, it is a book of readings of 24 chapters. The book brings together theories, manifestos and methodologies on contemporary architecture and urbanism to raise the understanding tor the futu re of architectur and

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Megaproject Risk Analysis and Simulation

Providing new knowledge on risk analysis and simulation for megaprojects, this book is essential reading for both academics and practitioners. Its focus is on technical descriptions of a newly developed dynamic systems approach to megaproject risk analysis and simulation.

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Impact of recession on freight transport of UK

An interesting study of risk identification related to the recent recession which hit UK in the third quarter of 2008.Recession not only accentuated certain risks already existing in freight transport in the past but also led to the emergence of new ones during and post-recession. This research is thus an

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