Deterministic and probabilistic risk management approaches in construction projects: A systematic literature review and comparative analysis

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Title

Deterministic and probabilistic risk management approaches in construction projects: A systematic literature review and comparative analysis

Content partner

Unitec

Collection

Research Bank

Description

Risks and uncertainties are inevitable in construction projects and can drastically change the expected outcome, negatively impacting the project’s success. However, risk management (RM) is still conducted in a manual, largely ineffective, and experience-based fashion, hindering automa-tion and knowledge transfer in projects. The construction industry is benefitting from the recent Industry 4.0 revolution and the advancements in data science branches, such as artificial intelligence (AI), for...

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Format

Research paper

Research format

Journal article

Date created

2023-05-11

Creator

Khodabakhshian, A. / Puolitaival, Taija / Kestle, Linda

URL

https://hdl.handle.net/10652/6136

Related subjects

construction industry / risk assessment / construction management (CM) / artificial intelligence (AI) / algorithms / Automation and technology in building and construction / Risk engineering

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