analysis of a construction project together with all of its parts, and a thorough knowledge of construction methods, materials, and practices” (Mohamed, 2006 cites Fisk, 1997). To overcome the challenges of expected duration, associated with the PERT method, Monte Carlo simulations can be used as an alternative. Monte Carlo simulation approach is the system used to consider variability of project component durations and the uncertainty of proliferation factor during the project lifetime and calculates…
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