@inproceedings{50c450f3886947258eef2b948d2e930a,
title = "Quantitative risk management for construction – model of elements for workable solutions",
abstract = "The quantitative risk management approach can provide a somewhat explicit linking from risks towards business or performance elements of construction, for example cost estimate, budget, schedule and resource use plan. These obvious merits are diminished by difficulties construction professionals have when experimenting with quantitative risk analyses. Typical difficulties are inappropriate level of detail, thinking probabilities and credibility of resultant estimates. This paper presents and discusses a set of key elements that seem to form the basis for workable solutions of quantitative risk management for construction. Three case studies are presented as sources for findings. In those projects, risk management procedures and related tools have been implemented for use in live construction projects. The author has developed a software tool for project risk management. This software tool, the Temper System, has been used as a research platform for experiments within the company cases.",
keywords = "construction, project management, risk",
author = "Kalle K{\"a}hk{\"o}nen",
year = "2007",
language = "English",
series = "Lule{\aa} University of Technology: Research Report",
publisher = "Lule{\aa} University of Technology",
number = "18/2007",
pages = "271--282",
editor = "Brian Atkin and Jan Borgbrant",
booktitle = "Proceedings of 4th Nordic Conference on Construction Economics and Organisation",
address = "Sweden",
note = "4th Nordic Conference on Construction Economics and Organisation : Development Processes in Construction Management ; Conference date: 14-06-2007 Through 15-06-2007",
}