Using Schedule Risk Analysis for Better Decisions – A Case Study in the Infrastructure Sector

This course on project controls is brought to you by GBRI's partnership with Project Controls Expo. Click here to learn more
Alberto Sanchez
· July 25, 2021

The infrastructure sector is notorious for complex projects with high risk exposure. Unfortunately, a high percentage of infrastructure projects experience significant schedule delays. Yet, some of the causes of project failures can be traced back to wrong decisions during the early stages of the project because of poor decision and risk management. As a result, now more than ever government agencies, and businesses have recognized that schedule risk analysis practices are essential to provide enough information for decision-makers to address risks and decide how to maximize the chance to achieve the expected economic benefits.

A case study is presented to describe the drivers behind better decision-making processes to positively influence infrastructure projects.

Key Words: quantitative risk analysis, deterministic schedules, risk-adjusted schedules, schedule contingency

AACE International Recommended Practices
57R-09, Integrated Cost and Schedule Risk Analysis using risk drivers and Monte Carlo Simulation
52R-06, Time Impact Analysis as applied in construction
44R-08, Risk Analysis and Contingency Determination Using Expected Value
65R-11, Integrated Cost and Schedule Risk Analysis and Contingency Determination
63R-11, Risk Treatment
84R-13: Planning and Accounting for adverse weather

Alberto Sanchez


    About Instructor


    144 Courses

    Not Enrolled

    Course Includes

    • 1 Lesson


    Your email address will not be published.

    The journey to become a sustainability guru begins here!
    Jeslin Varghese

    Sustainability education should not have any boundaries!

    Register now to get started.

    By creating an account, I declare that I have read and accepted GBRI’s Terms of Use and Privacy Policy.

    Please accept the Terms and Conditions to proceed.
    GBRI is your #1 source for sustainability education with more than 250 courses to choose from!

    Welcome back!

    Login to access your sustainability courses, certificates, badges, community and more!