Application of Weibull Analysis to Evaluate and Forecast Schedule Performance in Repetitive Projects
Publication: Journal of Construction Engineering and Management
Volume 142, Issue 2
Abstract
Construction managers regularly monitor projects to ensure that the project performance is under control. The earned value method (EVM) is a widely used tool to forecast project cost and time at completion. However, the effectiveness of the EVM in forecasting schedule performance has been questioned particularly because of its inability to address the associated uncertainties and poor performance in predicting project duration. The objective of this study is to present an activity-based model to conduct a probabilistic assessment and estimation of schedule performance in repetitive construction projects. This model, called the Weibull evaluation and forecasting model (WEFM), emphasizes the recurring nature of major activities in repetitive projects to evaluate and forecast schedule performance. WEFM estimates activity completion time and its upper and lower bounds of possibility and presents these estimates in the form of prediction graphs. Moreover, it provides reliability graphs that demonstrate the probability of achieving a target completion time. The major contribution of this study is to utilize capabilities of the Weibull distribution in probabilistic evaluation and forecasting of schedule performance in repetitive projects. A numerical example, which demonstrates application of WEFM on four separate housing projects, underscores its adaptive nature and its advantages over the existing methods.
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Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 142 • Issue 2 • February 2016
Copyright
© 2015 American Society of Civil Engineers.
History
Received: Jan 3, 2015
Accepted: Jun 9, 2015
Published online: Jul 21, 2015
Discussion open until: Dec 21, 2015
Published in print: Feb 1, 2016
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