Abstract
The SDA-MCS Based Risk Response Strategy (RRS) Model for Road Construction Project is developed to formulate strategies in improving the current condition by analyzing the risk factors and simulating strategies. The first part of the research focused on risk evaluation by Schedule Delay Analysis method: As-planned vs As-built method. The SDA determined the commonly occurring delaying factors and its extent in the project. Risk Response Strategy matrix is used to categorize risk factors according to occurrence probability and impact to the project; and strategize. Subsequently, these strategies can be imposed to the project schedule baseline in consideration with project scope and admissibility. Monte Carlo simulation is done to generate possible critical path duration. Moreover, the simulated critical paths are tested to determine the probability of success.
Keywords: Risk Response Strategy, Delay, Schedule Delay Analysis (SDA), As-planned vs As-built method, Planned Schedule, Road Construction Project, Monte Carlo Simulation
*This paper is presented at the 4th International Conference on Multidisciplinary Industry and Academic Research (ICMIAR) 2023
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