Probability-Based Progress Analysis

Knut Samset

Chapter 25 in Early Project Appraisal, 2010, pp 239-247 from Palgrave Macmillan

Abstract: Abstract Progress in projects is burdened with uncertainty. To a considerable extent, the root causes may be written back to project planning, organization and management. The approaches to reducing uncertainty include acquiring relevant information and systematic analyses of processes. Network scheduling is customarily used for these purposes. In it, a project or process is described in a network diagram that shows the activities and the links between them. The diagram may be used to calculate the time a process takes, from when it starts until it ends.

Keywords: Cash Flow; Critical Path; Suspension Bridge; Network Diagram; Completion Phase (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28992-5_25

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DOI: 10.1057/9780230289925_25

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