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Analyzing Integrated Cost-Schedule Risk for Complex Product Systems R&D Projects
Joint Authors
Source
Journal of Applied Mathematics
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-10, 10 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-06-24
Country of Publication
Egypt
No. of Pages
10
Main Subjects
Abstract EN
The vast majority of the research efforts in project risk management tend to assess cost risk and schedule risk independently.
However, project cost and time are related in reality and the relationship between them should be analyzed directly.
We propose an integrated cost and schedule risk assessment model for complex product systems R&D projects.
Graphical evaluation review technique (GERT), Monte Carlo simulation, and probability distribution theory are utilized to establish the model.
In addition, statistical analysis and regression analysis techniques are employed to analyze simulation outputs.
Finally, a complex product systems R&D project as an example is modeled by the proposed approach and the simulation outputs are analyzed to illustrate the effectiveness of the risk assessment model.
It seems that integrating cost and schedule risk assessment can provide more reliable risk estimation results.
American Psychological Association (APA)
Xu, Zhe& Yu, Jing& Li, Hongbo. 2014. Analyzing Integrated Cost-Schedule Risk for Complex Product Systems R&D Projects. Journal of Applied Mathematics،Vol. 2014, no. 2014, pp.1-10.
https://search.emarefa.net/detail/BIM-474246
Modern Language Association (MLA)
Xu, Zhe…[et al.]. Analyzing Integrated Cost-Schedule Risk for Complex Product Systems R&D Projects. Journal of Applied Mathematics No. 2014 (2014), pp.1-10.
https://search.emarefa.net/detail/BIM-474246
American Medical Association (AMA)
Xu, Zhe& Yu, Jing& Li, Hongbo. Analyzing Integrated Cost-Schedule Risk for Complex Product Systems R&D Projects. Journal of Applied Mathematics. 2014. Vol. 2014, no. 2014, pp.1-10.
https://search.emarefa.net/detail/BIM-474246
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-474246