Showing papers on "Project engineering published in 1979"
TL;DR: The SCERT (synergistic contingency evaluation and response techniques) project as discussed by the authors is an attempt to provide a systematic approach to the planning and financial evaluation of large engineering projects involving significant risks.
Abstract: Describes the current status of SCERT (synergistic contingency evaluation and response techniques). SCERT is an attempt to provide a systematic approach to the planning and financial evaluation of large engineering projects involving significant risks. Its mathematical basis is a decision tree/semi-Markov process representation of a project. This basis is integrated with qualitative risk assessment procedures. The emphasis is preplanning positive responses to potential contingencies, the need to get approximate answers to the right questions, and the need to integrate specialist expert opinion of various kinds and more general seasoned intuition.
61 citations
TL;DR: In this paper, an integrated computerized planning and control system is developed based upon network computations and the principles of budgeting and control with cumulative S curves for network projects in a Belgian construction form.
Abstract: Deals with the financial control of network projects in a Belgian construction form. An integrated computerized planning and control system is developed based upon network computations and the principles of budgeting and control with cumulative S curves. Budget forecasts are made for each new projects. During the execution of the project, feedback information concerning work progress and associated cash flows is provided at the end of each planning period. Special attention is given to the inflation phenomenon. Modifications of the initial plan are taken into account during the execution of the projects. The proposed method controls both expenses and revenues.
2 citations