Cost and Schedule Risk Analysis for a Large Resources Project

This extended case study describes a cost and schedule risk analysis for a multi-billion dollar resources project. It illustrates:

• Structures for quantitative modelling of cost and schedule, incorporating drivers of uncertainty in quantities, rates and productivities
• Deriving input data for the models to minimise estimating biases
• Integrating cost and schedule uncertainty
• Sensitivity analysis for better understanding of the effects of uncertainty and the allocation of contingency amounts