Abstract
AbstractConstruction managers regularly monitor projects to ensure that the project performance is under control. The earned value method (EVM) is a widely used tool to forecast project cost and time at completion. However, the effectiveness of the EVM in forecasting schedule performance has been questioned particularly because of its inability to address the associated uncertainties and poor performance in predicting project duration. The objective of this study is to present an activity-based model to conduct a probabilistic assessment and estimation of schedule performance in repetitive construction projects. This model, called the Weibull evaluation and forecasting model (WEFM), emphasizes the recurring nature of major activities in repetitive projects to evaluate and forecast schedule performance. WEFM estimates activity completion time and its upper and lower bounds of possibility and presents these estimates in the form of prediction graphs. Moreover, it provides reliability graphs that demonstrate...
Published Version
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