|
Schedule Risk Analysis of Railway Projects using Monte Carlo Simulation for Improved Project Management |
|---|---|
| รหัสดีโอไอ | |
| Title | Schedule Risk Analysis of Railway Projects using Monte Carlo Simulation for Improved Project Management |
| Creator | Motlatso Mabeba, Jan Harm C Pretorius, Leon Pretorius |
| Contributor | Jim Shiau, Vanissorn Vimonsatit, Siamak Yazdani, Amarjit Singh |
| Publisher | ISEC PRESS |
| Publication Year | 2561 |
| Keyword | Critical Path Method, Schedule Sensitivity Index, PERT |
| Abstract | Railways have been used throughout history for the transportation of goods. Even though the inception of rail transport improved civilization, due to its inefficiencies, road transport is at present dominating the freight and logistics industry. Company A, which has the largest market share in the rail freight business, has embarked on projects to improve rail efficiencies by moving higher volumes of freight timeously. Most of the projects embarked on by Company A have failed largely due to the poor planning of the projects in the feasibility stages. Most of the planning schedules are overoptimistic and unrealistic making them unreliable and difficult to track. The scope of this study was to investigate the way in which planning schedules of Company A are developed by undertaking a schedule risk analysis on one of the planning schedules titled 'Design of railway exchange yard' and using Monte Carlo simulation to validate the schedule. If projects of Company A can be planned better, using schedule risk analysis, projects can become more successful and completed within the required time frame. |
| ISBN | 978-0-9960437-7-9 |
| Language | English |
| URL Website | https://www.isec-society.org/ |
| Website title | ISEC Society |
