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Who Risks and Wins? - Simulated Cost Variance in Sustainable Construction Projects

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Who Risks and Wins? - Simulated Cost Variance in Sustainable Construction Projects

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dc.contributor.author Górecki, Jaroslaw es_ES
dc.contributor.author Díaz-Madroñero Boluda, Francisco Manuel es_ES
dc.date.accessioned 2021-09-15T03:30:48Z
dc.date.available 2021-09-15T03:30:48Z
dc.date.issued 2020-04 es_ES
dc.identifier.uri http://hdl.handle.net/10251/172516
dc.description.abstract [EN] More and more construction projects are closed before they ever start. Among the most significant reasons for project failures is cost risk. Construction companies have many problems with reliable cost management. Rising demands of the key market players insist on making construction projects more sustainable according to the simultaneous improvement of the economic, environmental and social responsiveness dimensions. In order to investigate these problems, a four-phase research methodology has been followed consisting of: (1) literature review to identify research trends and gaps, (2) survey to construction experts to detect their subjective perspectives about risk costs and analyse the corresponding costs structure for the investment in sustainable projects, (3) simulations based on Monte Carlo simulation with an author's methodology for calculating the cost risk with an additional statistical analysis, (4) ending questionnaire to obtain the final feedback from the experts and the validation of obtained results. A contribution to the development of knowledge about cost risk is the observation that the changing probability distributions of individual cost-generating components may include both economic as well as technological and organizational aspects. Thus, with the proposed approach, often complex, global challenges of sustainable construction projects can be tackled in an accessible way. es_ES
dc.description.sponsorship Statutory research at the UTP University of Science and Technology, Bydgoszcz, Poland. es_ES
dc.language Inglés es_ES
dc.publisher MDPI AG es_ES
dc.relation.ispartof Sustainability es_ES
dc.rights Reconocimiento (by) es_ES
dc.subject Cost risk es_ES
dc.subject Construction project es_ES
dc.subject Contingency es_ES
dc.subject Monte Carlo simulations es_ES
dc.subject.classification ORGANIZACION DE EMPRESAS es_ES
dc.title Who Risks and Wins? - Simulated Cost Variance in Sustainable Construction Projects es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.3390/su12083370 es_ES
dc.rights.accessRights Abierto es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Organización de Empresas - Departament d'Organització d'Empreses es_ES
dc.description.bibliographicCitation Górecki, J.; Díaz-Madroñero Boluda, FM. (2020). Who Risks and Wins? - Simulated Cost Variance in Sustainable Construction Projects. Sustainability. 12(8):1-31. https://doi.org/10.3390/su12083370 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion https://doi.org/10.3390/su12083370 es_ES
dc.description.upvformatpinicio 1 es_ES
dc.description.upvformatpfin 31 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 12 es_ES
dc.description.issue 8 es_ES
dc.identifier.eissn 2071-1050 es_ES
dc.relation.pasarela S\408139 es_ES
dc.contributor.funder Bydgoszcz University of Science and Technology, Polonia es_ES
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