Public works projects

The implementation of the Norwegian Governmental Project Risk Assessment scheme

The implementation of the Norwegian Governmental Project Risk Assessment scheme

This entry is part 1 of 2 in the series The Norwegian Governmental Project Risk Assessment Scheme

Based on these findings it is pertinent to ask what went wrong in the implementation of QA2. The idea is sound, but the result is somewhat disappointing.

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The role of events in simulation modeling

The role of events in simulation modeling

This entry is part 2 of 2 in the series Handling Events

The need for assessing the impact of events with binary outcomes, like loan defaults, occurrence of recessions, etc. arises often in economics and other areas of decision making.

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Public Works Projects

Public Works Projects

This entry is part 2 of 4 in the series The fallacies of scenario analysis

In public works and large scale construction or engineering projects – where uncertainty mostly concerns cost, a simplified scenario analysis is often used …

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