Abstract
The quantification of project time variations is important to project execution. However, so far, there has been still a lack of studies that focus on specific project schedules. Using structured and semi-structured interviews with contractors, this study develops a process in the planning phase of risk responses, which could help to assess the level of project time variations based on the impact of event chains. The application of the process is also illustrated using a case study, which is a part of the pre-validated actual project. The developed process could help to evaluate the precise impact of risk events with simple handling. The findings of this study could provide practitioners (e.g., project management teams) with a guideline to quantify the impact of risks on the dynamic levels of project time based on the analysis of the sensitivity chart of risk events. Hence, they could not only avoid the phenomena of excessive optimism and pessimism, but also allocate resources more appropriately during project implementation processes to reduce the unexpected impacts of risks.
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Acknowledgements
The authors fully acknowledge the support of time and resources from the affiliated organizations for this study. This research is funded by Vietnam National University Ho Chi Minh City (VNU-HCM) under grant number B2021-20-08. We would like to thank Ho Chi Minh City University of Technology (HCMUT), VNU-HCM for the support of time and facilities for this study.
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© 2023 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
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Le, DA., Le-Hoai, L., Dang, C.N. (2023). Developing a Detailed Process to Quantify Risks on Variations of Project Time. In: Reddy, J.N., Wang, C.M., Luong, V.H., Le, A.T. (eds) ICSCEA 2021. Lecture Notes in Civil Engineering, vol 268. Springer, Singapore. https://doi.org/10.1007/978-981-19-3303-5_17
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DOI: https://doi.org/10.1007/978-981-19-3303-5_17
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