Probabilistic Model to Forecast Activities Completion Time in Ongoing Mass Housing Projects Case Study: The 10,000-Unit Mass Housing Project Executed by Kayson Company in Venezuela, M.Sc. Thesis Sharif University of Technology ; Shafahi, Yusef (Supervisor) ; Mortaheb, Mohammad Mehdi (Co-Advisor)
Abstract
Reliable forecasting is a fundamental element of successful project management. Construction managers regularly control and monitor their project in order to ensure that their project performance is under control and within the acceptable control limits. Conventionally, the earned value method (EVM) is used to monitor project cost performance. However, its application to schedule performance using schedule performance index (SPI) has been widely questioned both by practitioners and researchers particularly due to poor accuracy early in the project. This study presents a novel activity-based framework, namely Weibull Evaluation and Forecasting Method (WEFM), for stochastic evaluation and...
Cataloging briefProbabilistic Model to Forecast Activities Completion Time in Ongoing Mass Housing Projects Case Study: The 10,000-Unit Mass Housing Project Executed by Kayson Company in Venezuela, M.Sc. Thesis Sharif University of Technology ; Shafahi, Yusef (Supervisor) ; Mortaheb, Mohammad Mehdi (Co-Advisor)
Abstract
Reliable forecasting is a fundamental element of successful project management. Construction managers regularly control and monitor their project in order to ensure that their project performance is under control and within the acceptable control limits. Conventionally, the earned value method (EVM) is used to monitor project cost performance. However, its application to schedule performance using schedule performance index (SPI) has been widely questioned both by practitioners and researchers particularly due to poor accuracy early in the project. This study presents a novel activity-based framework, namely Weibull Evaluation and Forecasting Method (WEFM), for stochastic evaluation and...
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