Mohamed Awadalla Shamseldin Abdelmageid
Application of Risk Management and Monte Carlo simulation on a Construction Project (Case Study).
Rel. Alberto De Marco. Politecnico di Torino, Corso di laurea magistrale in Ingegneria Gestionale (Engineering And Management), 2020
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Abstract
One of the construction manager's primary roles in fixed priced construction contracts is to ensure that the General contractor delivers the project in time (by monitoring the project schedule) and according to the required quality. However, the complexity and the constant changes in construction projects lead construction management companies like RECCHIENGINEERING to find that monitoring the ongoing process only is not enough to make sure that the project finishes in time. They need to find a way to look ahead by predicting what activities may delay the project and alarm the owner and the general contractor about them. Also, to propose actions can be taken to mitigate the delay so that they keep tracking on ongoing activities and anticipating any delay and avoid it as possible.
This thesis aimed to provide RECCHIENGINEERING with a methodology to predict the delay and tackle it by providing a structured forecasting and mitigation plan
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