Delay Principles Based on Completion Risk
In the construction industry, project scheduling is a crucial component that oftentimes determines project success. Additionally, while project scheduling approaches have been in existence for several decades, consistency in using well-developed techniques is lacking. When a delay occurs, a need arises for schedule analysts who understand how delay principles impact forensic analysis, and most significantly, how delays on and off the critical path impact schedule completion.
This paper presents a theoretical framework to measure delay based on completion risk in a schedule that is risk assessed, initially and periodically, using simulation methods. It is a must-read for project owners, schedulers, and forensic schedule analyst alike.
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