Technical Papers
Jun 11, 2024

Mitigating Project Schedule Risks by Identifying Subcritical Paths and Variance-Critical Activities

Publication: Journal of Construction Engineering and Management
Volume 150, Issue 8

Abstract

Significant risks in project completion delay could be buried in the development of project schedules because of theoretical flaws in project schedule risk analysis. Major project delays hamper infrastructure development endeavors and cause negative consequences to project finance, the public interest, and socioeconomic growth. This research critically reviews the theoretical foundation of the Program Evaluation and Review Technique (PERT) and identifies two major flaws: (1) failing to account for variances of activities on subcritical paths; and (2) lacking the functionality of characterizing variance-criticality for activities in a project network. Further, the path variance-criticality index and the activity variance-criticality index are formalized for defining the subcritical path(s) and identifying the variance-critical activities. Reducing time duration variances in the identified variance-critical activities exerts a significant impact on mitigating project schedule delay risks. A case study is given to illustrate the analytical steps for identifying variance-critical activities in a project. Monte Carlo simulations were conducted to validate the effectiveness of the proposed analytical approach. The enhanced PERT for project schedule risk analysis is instrumental in (1) identifying critical and subcritical paths in the project network model; (2) clarifying the notion of variance-criticality for prioritization of activities based on the impact of activity time variance on project time variance; and (3) reining in project schedule risks by reducing time duration variances on those variance-critical activities in project planning.

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Data Availability Statement

The data supporting the findings of this study are available in the published article.

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Go to Journal of Construction Engineering and Management
Journal of Construction Engineering and Management
Volume 150Issue 8August 2024

History

Received: Nov 26, 2023
Accepted: Mar 18, 2024
Published online: Jun 11, 2024
Published in print: Aug 1, 2024
Discussion open until: Nov 11, 2024

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Program Engineer, Transportation and Economic Corridors, Government of Alberta, Twin Atria Bldg., 4999 98 Ave. NW, Edmonton, AB, Canada T6B 2X3. ORCID: https://orcid.org/0000-0003-2066-7948. Email: [email protected]
Professor, Dept. of Civil and Environmental Engineering, Univ. of Alberta, DICE Bldg., 9211 - 116 St. NW, Edmonton, AB, Canada T6G 1H9 (corresponding author). ORCID: https://orcid.org/0000-0002-8191-8627. Email: [email protected]

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