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(CSC-3620) High-Confidence Methods for Assessing Complex Project Time and Cost

This presentation is sponsored by Hexagon

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Level: Intermediate
TCM Section(s):
7.2. Schedule Planning and Development
Venue: 2021 AACE International Conference & Expo

Abstract: The dynamics of the current infrastructure projects have changed significantly. With the increase in the complexity of the projects and the project life, the risks associated with such projects have multiplied. There are now more factors than ever before to erode the confidence of key stakeholders. The burden of shoring up that confidence among the stakeholders traditionally has fallen on the contractor’s project proposal and management team. To aid them in this effort, owners and their consultants have increased their demand for assessments of all project schedule submittals. This paper provides an in-depth analysis on the advantages and disadvantages of such assessments, with the author’s recommendation on which assessments best instill confidence in construction project time and cost.