Value, risk and uncertainty
Beardsall, D.
Value, risk and uncertainty - 2005 - Cost Engineer 43(1) February 2005, 20-22(3) .
Paper commences with the basic definition of value and considers how uncertainty can be expressed, in addition to setting out a simple method for calculating the resulting probability for the definition of value. With various tables including an illustration of cumulative probabilities for value.
VALUE MANAGEMENT
RISK MANAGEMENT
UNCERTAINTY
BS EN 12973: 2000
WHOLE LIFE COSTS
CONSTRUCTION PROJECTS
Value, risk and uncertainty - 2005 - Cost Engineer 43(1) February 2005, 20-22(3) .
Paper commences with the basic definition of value and considers how uncertainty can be expressed, in addition to setting out a simple method for calculating the resulting probability for the definition of value. With various tables including an illustration of cumulative probabilities for value.
VALUE MANAGEMENT
RISK MANAGEMENT
UNCERTAINTY
BS EN 12973: 2000
WHOLE LIFE COSTS
CONSTRUCTION PROJECTS