Abstract
This research aims to simulate the risk paths among critical schedule risks of submarine pipeline projects by identifying and quantifying risk paths. We first identified forty-three schedule risks by literature review and grouped them into three subsets: project participants, project, and environment. Then twenty-three critical schedule risks were ascertained through expert survey and case study. Utilizing Bayesian Network model, six interrelated risk paths on schedule were identified by quantifying conditional probability of critical schedule risks. Considering the interdependent effect of schedule risks, this research identified and quantified the schedule risk paths in submarine pipeline projects, which could provide specific guidance for schedule risk management and improve time performance of projects.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.