Analysis of Duration and Cost Estimate of Construction Projects Through Computer Simulation

Computer simulation has found its place in the field of construction project management as well. Its usage in solving the scheduling problem can significantly enhance the project manager's decision-making, especially in today's complex operating conditions. The model of analysis of duration and cost estimate of construction projects, as presented in this paper, is based on a computer simulation. The theoretical framework for generating random numbers has been laid down by the triangular distribution. A key role in the model is played by statistical analysis whose usage ultimately results in establishing an appropriate confidence interval for the mean project duration.