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DEVELOPMENT OF CONSTRUCTION PROJECT COST CONTINGENCY MODEL USING FUZZY EXPERT SYSTEM

Rohman, M.Arif and Idrus, Arazi and Nuruddin, F (2008) DEVELOPMENT OF CONSTRUCTION PROJECT COST CONTINGENCY MODEL USING FUZZY EXPERT SYSTEM. In: International Conference on Science & Technology: Applications in Industry & Education, 12-13 December, Penang.

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Abstract

Estimating cost contingency allocation accurately in a tender process is one of the key success factors of project management. However, no flexible and rational method in estimating cost contingency has been developed. This paper presents a flexible and rational approach to estimate project cost contingency for common construction projects such as building and bridge projects using risk analysis and fuzzy expert system concept. By using this technique, risk factors are identified and analyzed to determine the amount of project cost contingency using contractors’ experience and judgment. This model has been validated using four construction projects in Malaysia. According to the validation result, this fuzzy expert system model can be used to predict cost contingency value. Keywords: construction project, fuzzy expert systems, cost contingency, tender process.

Item Type:Conference or Workshop Item (Paper)
Subjects:T Technology > TA Engineering (General). Civil engineering (General)
Q Science > QA Mathematics > QA76 Computer software
Departments / MOR / COE:Departments > Chemical Engineering
ID Code:5339
Deposited By: AP Ir. Dr. Arazi Idrus
Deposited On:07 Apr 2011 09:17
Last Modified:19 Jan 2017 08:26

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