AN ANALYTICAL STUDY ON HIGHWAY CONSTRUCTION PROJECTS IN INDIA FOR PROBABILITY FORMULATION DISTRIBUTION FUNCTIONS FOR DURATION AND COST
Md. Ashfaque Alam
, Minakshi
Highway Construction, Formulation Distribution, Distribution Functions
The goal of the study was to create a simple tool for project managers to use in order to predict project duration, cost, and delay overruns in a straightforward manner. The project managers may use this decision support tool to assess the level of risk associated with the various site features that are present on the project's construction site. Only highway construction projects were investigated since the likelihood of mistake is greater and project management is critical to avoiding cost overruns and delays. The simulation models that have been developed to represent project duration, cost, and delay analysis are in turn controlled by the software tool that has been developed. In order to include the real-world characteristics and on-site conditions that will be important to the project, simulation models are developed. From the statistical analysis of activity cost data, it can be concluded that Exponential distribution function represents the probabilistic nature of the activity durations more accurately than any other distribution. Except for the activity ‘site clearing’ and ‘laying of road base’ all other nine activities followed Exponential distribution function. The activity ‘site clearing’ followed Triangular distribution and ‘laying of road base’ layer followed Beta distribution function.
"AN ANALYTICAL STUDY ON HIGHWAY CONSTRUCTION PROJECTS IN INDIA FOR PROBABILITY FORMULATION DISTRIBUTION FUNCTIONS FOR DURATION AND COST", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.6, Issue 7, page no.211 - 216, July-2021, Available :https://ijsdr.org/papers/IJSDR2107033.pdf
Volume 6
Issue 7,
July-2021
Pages : 211 - 216
Paper Reg. ID: IJSDR_193498
Published Paper Id: IJSDR2107033
Downloads: 000347352
Research Area: Engineering
Country: -, -, -
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
