Chances and Risks in Construction Management and Economics

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Focusing on construction project management, this book details the processes for calculating and evaluating costs and timelines for clients and contractors across various phases. It emphasizes the importance of accurate data in project analysis, highlighting the uncertainties tied to project complexity. By recommending the use of key input parameter ranges and integrating probabilistic methods, it aims to enhance the validity of project assessments and effectively represent risk, which is vital for informed decision-making in construction projects.