CASE STUDY Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Assoc.Prof. Dipl.-Ing. Dr.techn. Expert Survey Fitting Application: Performing arts centre Christian Hofstadler Associate Professor Institute of Construction Management and Economics Graz University of Technology, Austria hofstadler@tugraz.at www.christianhofstadler.at Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 1 Application of the Monte Carlo Method: Fitting with @RISK Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Determining labour consumption for works requiring a high amount of labour is crucial both for the client at the project planning stage and for enabling bidders to prepare their quotations. This paper describes the deterministic calculation of the total labour consumption rate and construction time for reinforced concrete works and demonstrates the individual computation steps using a built example. The computation chart for applying the Monte Carlo method with @RISK is shown, and calculations are demonstrated using various distribution functions (symmetric and asymmetric triangular distribution, rectangular distribution and beta distribution). Another point to be clarified was to determine the labour consumption rate distribution function that comes closest to the real situation. An expert survey was carried out at Graz University of Technology in order to arrive at a conclusion regarding the most accurate distribution function for floor slab shuttering works. Conclusion Seven different building layouts were presented to selected construction industry experts who were to indicate labour consumption rates for each of these layouts. In this survey, 19 experts stated labour consumption rates for simple and complex layouts. Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 2 Application of the Monte Carlo Method: Fitting with @RISK Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method The outcomes were summarised and analysed for the individual building layouts. The @RISK software was used for fitting the most appropriate distribution function. The Kolmogorov-Smirnov test proved that the LogLogistic distribution came closest to the real situation. Monte Carlo simulations performed using the LogLogistic distribution determined in the fitting process after the expert surveys should show the degree of difference to the previously used distribution functions. Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 3 Construction Projects: Main Problems Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Quantities? Qualities? Calculation Mode 3: Monte Carlo Method Expert Survey Costs? Fitting Time? Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 4 Construction Projects: Main Problems Analysis of Situation Objective Calculation Mode 1: Deterministic Approach Uncertainty Reinforced Concrete Works – Basics Development Planning Tendering Construction Accounting Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Time Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 5 Construction Costs/Time: From Rough Planning to Detailed Planning Analysis of Situation Objective Construction Time/ Costs Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Rough Planning Detailed Planning Expert Survey Fitting Entire structure Component assembly Component assembly per floor Components/ production units Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 6 Construction Costs/Time: From Rough Planning to Detailed Planning Construction Time/ Costs Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Rough Planning Calculation Mode 3: Monte Carlo Method Entire structure Component assembly Detailed Planning Component assembly per floor Components/ production units Expert Survey + Fitting Accuracy _ + Application: Performing arts centre Processing Effort Conclusion _ + Certainty Source: Hofstadler ChristianHOFSTADLER | 2012 _ 2012|Palisade Risk Conference | London Construction Management 7 Calculation of Construction Time/Costs Analysis of Situation Objective Calculation Construction time/costs Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Calculation Mode 1 Calculation Mode 2 Calculation Mode 3 Deterministic approach Simplified stochastic approach Application of Monte Carlo method Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 8 Calculation of Construction Time Analysis of Situation Objective Calculation Construction time/costs Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Calculation Mode 1 Calculation Mode 2 Calculation Mode 3 Deterministic approach Simplified stochastic approach Application of Monte Carlo method Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 9 Calculation of Construction Time: Deterministic Approach Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 10 Calculation Equation: Rough Planning Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation of Construction Time for Reinforced Concrete Works DRCW , BU Calculation Mode 1: Deterministic Approach QC WRCW WTRCW TCRRCW BU T , RCW 1 100 % Calculation Mode 3: Monte Carlo Method DRCW , BU ………. Duration of the reinforced concrete works incl. buffer [d] Expert Survey QC ………. Concrete quantity [m³] WRCW ………. Average number of workers [wh/hr] WTRCW ………. Average daily working time [hr/d] TCRRCW Average total labour consumption rate for ………. reinforced concrete works [wh/m³] BU T , RCW ………. Buffer for construction time [%] Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 11 Calculation Equation: Rough Planning Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Calculation of construction time for reinforced concrete works DRCW , BU QC WRCW WTRCW TCRRCW BU T , RCW 1 100 % TCRRCW CRFW FRBD CRRW RRBD CRCW Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 12 Calculation Equation: Rough Planning TCRRCW CRFW FRBD CRRW RRBD CRCW Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method TCRRCW Average total labour consumption rate for ………. reinforced concrete works [wh/m³] CRFW Average labour consumption rate for ………. formwork-related activities [wh/m²] FRBD ………. Average formwork ratio for the entire building [m²/m³] CRRW ………. Average labour consumption rate for reinforcement works [wh/t] RRBD ………. Average reinforcement ratio for the entire building [t/m³] CRCW ………. Average labour consumption rate for concrete works [wh/m³] Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 13 Reinforced Concrete Works Analysis of Situation Objective Shuttering works Reinforced Concrete Works – Basics wh CRFW 2 m Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 14 Reinforced Concrete Works Analysis of Situation Objective Reinforcement works Reinforced Concrete Works – Basics wh CRRW t Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 15 Reinforced Concrete Works Analysis of Situation Objective Concrete works Reinforced Concrete Works – Basics wh CRCW m³ Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 16 Reinforced Concrete Works Analysis of Situation Objective Total consumption rate for reinforced concrete works Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach wh CRA, RW t wh CRA; FW 2 m 4 m² / m³ FRBD 6 m² / m³ 0.100 t / m³ RRBD 0.150 t / m³ Calculation Mode 3: Monte Carlo Method Expert Survey TCRRCW CRFW FRBD CRRW RRBD CRCW Fitting wh CRA,CW m³ Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 17 Calculation Equation: Rough Planning Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation of construction time for reinforced concrete works DRCW , BU QC WRCW WTRCW TCRRCW BU T , RCW 1 100 % Calculation Mode 3: Monte Carlo Method DRCW , MIN DRCW DRCW , MAX Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 18 Calculation of Construction Time: Application of Monte Carlo Method Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 19 Selection of distribution functions and input of individual values CRFW FRBD CRRW RRBD CRCW Selection of distribution functions and input of individual values CRFW FRBD CRRW RRBD CRCW Selection of distribution functions and input of individual values CRFW * FRBD + CRRW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW * FRBD + CRRW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW * FRBD + CRRW TCRRCW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW WRCW * FRBD + CRRW TCRRCW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW WRCW * WTRCW FRBD + CRRW TCRRCW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW WRCW * * WTRCW FRBD + CRRW TCRRCW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW WRCW * * WTRCW FRBD / + CRRW TCRRCW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW WRCW * * WTRCW FRBD / PRRCW + CRRW TCRRCW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW WRCW QC * * WTRCW FRBD / PRRCW + CRRW TCRRCW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW WRCW QC / * * WTRCW FRBD / PRRCW + CRRW TCRRCW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW WRCW QC / DRCW * * WTRCW FRBD / PRRCW + CRRW TCRRCW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW WRCW QC / DRCW * * WTRCW FRBD CRRW + / TCRRCW PRRCW BUT,RCW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW WRCW QC WTRCW * / DRCW * FRBD CRRW + / TCRRCW PRRCW + BUT,RCW * RRBD + CRCW Selection of distribution functions and input of individual values CRFW WRCW QC * WTRCW * / DRCW FRBD CRRW + / TCRRCW PRRCW + DRCW,BU BUT,RCW * RRBD + CRCW Application Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 36 Performing Arts Centre – Musiktheater Linz - Key Details Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion The figure shows an axonometric representation of the building. The building comprises two basement levels, five above-ground storeys and a stage tower. The load-bearing structure is mainly composed of cast-in-situ concrete. Source: Theatre Projects Consultants ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 37 Performing Arts Centre – Musiktheater Linz - Key Details Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre The maximum length of the building equals approx. 162 metres, its maximum width amounts to about 62 metres. The gross volume of the entire structure amounts to approx. 290,000 m³. Conclusion Source: Theatre Projects Consultants ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 38 Performing Arts Centre – Musiktheater Linz - Key Details Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion The site extends over an area of about 12,000 m², the building has a ground-plan area of approx. 11,000 m². Source: Theatre Projects Consultants ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 39 Performing Arts Centre – Musiktheater Linz - Key Details Analysis of Situation Objective Performing Arts Centre: Quantity determination Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Components Formwork area [m²] Foundation slab Walls Floor slabs Beams, girders Columns Other concrete slabs Stairs Balustrades Total: 1,150.00 81,000.00 30,000.00 6,400.00 3,700.00 1,700.00 500.00 2,800.00 127,250.00 [%] Reinforcement quantity [t] 0.90 63.65 23.58 5.03 2.91 1.34 0.39 2.20 100.00 1,500.00 1,500.00 1,450.00 162.00 120.00 100.00 20.00 80.00 4,932.00 [%] Concrete volume [m³] 30.41 30.41 29.40 3.28 2.43 2.03 0.41 1.62 100.00 [%] 9,600.00 15,500.00 10,400.00 1,380.00 400.00 400.00 90.00 505.00 38,275.00 25.08 40.50 27.17 3.61 1.05 1.05 0.24 1.32 100.00 Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 40 Application Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 41 Performing Arts Centre – Musiktheater Linz - Key Details Analysis of Situation Objective Input values to calculate construction time: MLV Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Average labour consumption rate - shuttering works Average formwork ratio for the entire building Average labour consumption rate - reinforcement works Average reinforcement ratio for the entire building Average labour consumption rate - concrete works Maximum number of workers Proportion of the average number of workers Daily working time Concrete quantity Buffer Source: Hofstadler ChristianHOFSTADLER | 2012 MIN MLV MAX 1.10 wh/m² 3.00 m²/m³ 8.50 wh/t 125.00 kg/m³ 0.60 wh/m³ 100.00 wh/hr 75.00 % 8.00 hr/d 38,000 m³ 7.50 % 1.20 wh/m² 3.20 m²/m³ 9.50 wh/t 129.00 kg/m³ 0.65 wh/m³ 110.00 wh/hr 80.00 % 8.50 hr/d 38,275 m³ 10.00 % 1.35 wh/m² 3.50 m²/m³ 11.00 wh/t 135.00 kg/m³ 0.75 wh/m³ 120.00 wh/hr 88.00 % 9.00 hr/d 39,500 m³ 12.00 % 2012|Palisade Risk Conference | London Construction Management 42 Calculation of Construction Costs: Calculation Mode 1 Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Calculation of labour consumption rate for reinforced concrete works: MLV Average labour consumption rate - shuttering works Average formwork ratio for the entire building Average labour consumption rate - reinforcement works Average reinforcement ratio for the entire building Average labour consumption rate - concrete works Maximum number of workers Proportion of the average number of workers Daily working time Concrete quantity Buffer MIN MLV MAX 1.10 wh/m² 3.00 m²/m³ 8.50 wh/t 125.00 kg/m³ 0.60 wh/m³ 100.00 wh/hr 75.00 % 8.00 hr/d 38,000 m³ 7.50 % 1.20 wh/m² 3.20 m²/m³ 9.50 wh/t 129.00 kg/m³ 0.65 wh/m³ 110.00 wh/hr 80.00 % 8.50 hr/d 38,275 m³ 10.00 % 1.35 wh/m² 3.50 m²/m³ 11.00 wh/t 135.00 kg/m³ 0.75 wh/m³ 120.00 wh/hr 88.00 % 9.00 hr/d 39,500 m³ 12.00 % TCRA, RCW CRA, FW FRA, BD CRA, RW RRA, BD CRA,CW Fitting Application: Performing arts centre Conclusion TCRA, RCW 1.20 wh / m² 3.20 m² / m³ 9.50 wh / t 0.129 t / m³ 0.65 wh / m³ 5.72 wh / m³ Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 43 Calculation of Construction Time: Calculation Mode 1 Analysis of Situation Objective Calculation of costs of production for reinforced concrete works: MLV Reinforced Concrete Works – Basics DRCW , BU Calculation Mode 1: Deterministic Approach QC WRCW WTRCW TCRRCW BU T , RCW 1 100 % Average labour consumption rate - shuttering works Average formwork ratio for the entire building Average labour consumption rate - reinforcement works Average reinforcement ratio for the entire building Average labour consumption rate - concrete works Maximum number of workers Proportion of the average number of workers Daily working time Concrete quantity Buffer MIN MLV MAX 1.10 wh/m² 3.00 m²/m³ 8.50 wh/t 125.00 kg/m³ 0.60 wh/m³ 100.00 wh/hr 75.00 % 8.00 hr/d 38,000 m³ 7.50 % 1.20 wh/m² 3.20 m²/m³ 9.50 wh/t 129.00 kg/m³ 0.65 wh/m³ 110.00 wh/hr 80.00 % 8.50 hr/d 38,275 m³ 10.00 % 1.35 wh/m² 3.50 m²/m³ 11.00 wh/t 135.00 kg/m³ 0.75 wh/m³ 120.00 wh/hr 88.00 % 9.00 hr/d 39,500 m³ 12.00 % Calculation Mode 3: Monte Carlo Method Expert Survey Fitting DRCW , BU Application: Performing arts centre 38,275 m³ 10 % 322 d 1 100 % 88 wh / hr 8.50 hr / d 5.72 wh / m³ Conclusion TCRA, RCW 1.20 wh / m² 3.20 m² / m³ 9.50 wh / t 0.129 t / m³ 0.65 wh / m³ 5.72 wh / m³ Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 44 Application Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey ? Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 45 Calculation of Labour Consumption Rate: Calculation Mode 3 Analysis of Situation Objective The values from this table are used for the input variables to labour consumption rate for reinforced concrete works (asymmetric triangular distribution). Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Average labour consumption rate - shuttering works Average formwork ratio for the entire building Average labour consumption rate - reinforcement works Average reinforcement ratio for the entire building Average labour consumption rate - concrete works Maximum number of workers Proportion of the average number of workers Daily working time Concrete quantity Buffer Source: Hofstadler ChristianHOFSTADLER | 2012 MIN MLV MAX 1.10 wh/m² 3.00 m²/m³ 8.50 wh/t 125.00 kg/m³ 0.60 wh/m³ 100.00 wh/hr 75.00 % 8.00 hr/d 38,000 m³ 7.50 % 1.20 wh/m² 3.20 m²/m³ 9.50 wh/t 129.00 kg/m³ 0.65 wh/m³ 110.00 wh/hr 80.00 % 8.50 hr/d 38,275 m³ 10.00 % 1.35 wh/m² 3.50 m²/m³ 11.00 wh/t 135.00 kg/m³ 0.75 wh/m³ 120.00 wh/hr 88.00 % 9.00 hr/d 39,500 m³ 12.00 % 2012|Palisade Risk Conference | London Construction Management 46 Calculation of Labour Consumption Rate: Calculation Mode 3 Selection of distribution functions and input of individual values Analysis of Situation Objective Reinforced Concrete Works – Basics CRFW * FRBD + CRRW * RRBD + CRCW Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method TCRRCW Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 47 Calculation of Labour Consumption Rate: Calculation Mode 3 Analysis of Situation Objective Monte Carlo Simulation – Results: Total labour consumption rate for reinforced concrete works Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Asymmetric triangular distribution Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre 0.734 wh/m³ 5.503 wh/m³ Conclusion 6.237 wh/m³ Total labour consumption rates for reinforced concrete works are below 5.503 wh/m³ only in 5% of all cases (X5); they exceed 6.237 wh/m³ in 5% of all cases (X95). The range between these quantiles amounts to 0.734 wh/m³. Source: @RISK, Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 48 Calculation of Labour Consumption Rate: Calculation Mode 3 Analysis of Situation Objective Monte Carlo Simulation – Results: Total labour consumption rate for reinforced concrete works Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Asymmetric triangular distribution Calculation Mode 3: Monte Carlo Method Expert Survey 28.8% Fitting Application: Performing arts centre 5.72 wh/m³ Conclusion TCRA, RCW 1.20 wh / m² 3.20 m² / m³ 9.50 wh / t 0.129 t / m³ 0.65 wh / m³ 5.72 wh / m³ For example, the probability that the total labour consumption rate for reinforced concrete works will be less than 5.72 wh/m³ is 28.8 % whereas the probability that the labour consumption rate will be higher than this value amounts to 71.2%. Source: @RISK, Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 49 Calculation of Labour Consumption Rate: Calculation Mode 3 Analysis of Situation Objective Monte-Carlo Simulation – Results: Total labour consumption rate for reinforced concrete works Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Asymmetric triangular distribution Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion The expected mean value amounts to 5.8540 wh/m³, with a standard deviation of 0.2224 wh/m³. The distribution of the values is roughly symmetrical (skewness = 0.1933). Source: @RISK, Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 50 Change of Distribution Functions Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution Calculation Mode 3: Monte Carlo Method Expert Survey Consequences Fitting Application: Performing arts centre ? Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 51 Change of Distribution Functions Isosceles triangular distribution Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method 2.00 1.80 Isosceles triangular distribution 1.60 1.40 1.20 Expert Survey 1.00 Fitting Application: Performing arts centre 0.80 0.60 0.40 Conclusion 0.20 0.00 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 Total labour consumption rate for reinforced concrete works [wh/m³] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 52 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method 2.00 1.80 Isosceles triangular distribution 1.60 Asymmetric triangular distribution 1.40 1.20 Expert Survey 1.00 Fitting Application: Performing arts centre 0.80 0.60 0.40 Conclusion 0.20 0.00 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 Total labour consumption rate for reinforced concrete works [wh/m³] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 53 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method 2.00 Isosceles triangular distribution 1.80 1.60 Asymmetric triangular distribution 1.40 Uniform distribution 1.20 Expert Survey 1.00 Fitting Application: Performing arts centre 0.80 0.60 0.40 Conclusion 0.20 0.00 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 Total labour consumption rate for reinforced concrete works [wh/m³] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 54 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution Analysis of Situation Objective Reinforced Concrete Works – Basics 2.00 Isosceles triangular distribution Calculation Mode 1: Deterministic Approach 1.80 Asymmetric triangular distribution 1.60 Uniform distribution Calculation Mode 3: Monte Carlo Method 1.40 Beta distribution 1.20 Expert Survey 1.00 Fitting Application: Performing arts centre 0.80 0.60 0.40 Conclusion 0.20 0.00 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 Total labour consumption rate for reinforced concrete works [wh/m³] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 55 Calculation of Construction Time: Calculation Mode 3 Analysis of Situation Objective The values from this table are used for the input variables to construction time for reinforced concrete works (asymmetric triangular distribution). Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Average labour consumption rate - shuttering works Average formwork ratio for the entire building Average labour consumption rate - reinforcement works Average reinforcement ratio for the entire building Average labour consumption rate - concrete works Maximum number of workers Proportion of the average number of workers Daily working time Concrete quantity Buffer Source: Hofstadler ChristianHOFSTADLER | 2012 MIN MLV MAX 1.10 wh/m² 3.00 m²/m³ 8.50 wh/t 125.00 kg/m³ 0.60 wh/m³ 100.00 wh/hr 75.00 % 8.00 hr/d 38,000 m³ 7.50 % 1.20 wh/m² 3.20 m²/m³ 9.50 wh/t 129.00 kg/m³ 0.65 wh/m³ 110.00 wh/hr 80.00 % 8.50 hr/d 38,275 m³ 10.00 % 1.35 wh/m² 3.50 m²/m³ 11.00 wh/t 135.00 kg/m³ 0.75 wh/m³ 120.00 wh/hr 88.00 % 9.00 hr/d 39,500 m³ 12.00 % 2012|Palisade Risk Conference | London Construction Management 56 Calculation of Construction Time: Calculation Mode 3 Selection of distribution functions and input of individual values Analysis of Situation Objective Reinforced Concrete Works – Basics CRFW * FRBD CRRW + * RRBD + CRCW Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method WRCW WTRCW * / TCRRCW Expert Survey Fitting QC / PRRCW Application: Performing arts centre DRCW Conclusion + BUT,RCW DRCW,BU Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 57 Calculation of Construction Time: Calculation Mode 3 Analysis of Situation Objective Monte Carlo Simulation – Results: Construction time (incl. buffer) Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Asymmetric triangular distribution Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre 73.7 d Conclusion 293.3 d 367.0 d The construction times of reinforced concrete works are below 293.3 d only in 5% of all cases (X5); they exceed 367.0 d in 5% of all cases (X95). The range between these quantiles amounts to 73.7 d. Source: @RISK, Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 58 Calculation of Construction Time: Calculation Mode 3 Analysis of Situation Objective Monte Carlo Simulation – Results: Construction time (incl. buffer) Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Asymmetric triangular distribution Calculation Mode 3: Monte Carlo Method 40.2% Expert Survey Fitting Application: Performing arts centre Conclusion DRCW , BU 38,275 m³ 10 % 1 322 d 88 wh / hr 8.50 hr / d 100 % 5.72 wh / m³ 322 d For example, the probability that construction time will be less than 322 d is 40.2% whereas the probability that the time is longer amounts to 59.8%. Source: @RISK, Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 59 Calculation of Construction Time: Calculation Mode 3 Analysis of Situation Objective Monte Carlo Simulation – Results: Construction time (incl. buffer) Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Asymmetric triangular distribution Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion The expected mean value amounts to 328.6 d, with a standard deviation of 22.45 d. The distribution of the values is roughly symmetrical (skewness = 0.2223). Source: @RISK, Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 60 Change of Distribution Functions Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution Calculation Mode 3: Monte Carlo Method Expert Survey Consequences Fitting Application: Performing arts centre ? Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 61 Change of Distribution Functions Isosceles triangular distribution Analysis of Situation Objective Reinforced Concrete Works – Basics 0.020 Calculation Mode 1: Deterministic Approach 0.018 Calculation Mode 3: Monte Carlo Method 0.014 Isosceles triangular distribution 0.016 0.012 Expert Survey 0.010 Fitting Application: Performing arts centre 0.008 0.006 0.004 Conclusion 0.002 0.000 220 240 260 280 300 320 340 360 380 400 420 440 Construction time, incl. contingencies [d] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 62 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method 0.020 0.018 Isosceles triangular distribution 0.016 Asymmetric triangular distribution 0.014 0.012 Expert Survey 0.010 Fitting Application: Performing arts centre 0.008 0.006 0.004 Conclusion 0.002 0.000 220 240 260 280 300 320 340 360 380 400 420 440 Construction time, incl. contingencies [d] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 63 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Analysis of Situation Objective Reinforced Concrete Works – Basics 0.020 Isosceles triangular distribution Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method 0.018 Asymmetric triangular distribution 0.016 Uniform distribution 0.014 0.012 Expert Survey 0.010 Fitting Application: Performing arts centre 0.008 0.006 0.004 Conclusion 0.002 0.000 220 240 260 280 300 320 340 360 380 400 420 440 Construction time, incl. contingencies [d] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 64 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution Analysis of Situation Objective Reinforced Concrete Works – Basics 0.020 Isosceles triangular distribution Calculation Mode 1: Deterministic Approach 0.018 Asymmetric triangular distribution Uniform distribution 0.016 Beta distribution Calculation Mode 3: Monte Carlo Method 0.014 0.012 Expert Survey 0.010 Fitting Application: Performing arts centre 0.008 0.006 0.004 Conclusion 0.002 0.000 220 240 260 280 300 320 340 360 380 400 420 440 Construction time, incl. contingencies [d] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 65 Expert Survey Analysis of Situation Objective Expert surveys were conducted at Graz University of Technology to derive the distribution function for labour consumption rates for shuttering works. Reinforced Concrete Works – Basics Using a structured interview design, 19 experts from construction contractors were personally interviewed to obtain labour consumption rates for floor shuttering works. Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Labour consumption rates for seven different floor layouts were collected (separately for formwork placement and stripping). Experts received information on the dimensions and quality of the components (columns, walls, floors). Expert Survey Fitting Application: Performing arts centre Simple Medium Complex Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 66 Expert Survey Analysis of Situation Objective Reinforced Concrete Works – Basics Simple Calculation Mode 1: Deterministic Approach Medium Complex The experts then provided their labour consumption estimates for the individual layouts. Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 67 Expert Survey Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Survey outcomes: Labour consumption rates for formwork placement and stripping G1 Labour Consumption Rate [wh/m²] G2 Labour Consumption Rate [wh/m²] G3 Calculation Mode 3: Monte Carlo Method Labour Consumption Rate [wh/m²] G4 Expert Survey Labour Consumption Rate [wh/m²] G5 Fitting Labour Consumption Rate [wh/m²] G6 Application: Performing arts centre Labour Consumption Rate [wh/m²] G7 Conclusion Labour Consumption Rate [wh/m²] E1 E2 E3 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.55 0.60 0.56 0.70 0.55 0.60 0.55 0.60 0.60 0.45 0.48 0.45 0.50 0.45 0.65 0.55 0.65 0.95 0.45 E1 E2 E3 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.55 0.65 0.56 0.75 0.60 0.60 0.60 0.60 0.60 0.50 0.50 0.50 0.50 0.50 0.65 0.55 0.80 1.05 0.45 E1 E2 E3 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.55 0.65 0.58 0.80 0.70 0.65 0.60 0.65 0.60 0.50 0.55 0.55 0.55 0.60 0.70 0.60 1.00 1.10 0.45 E1 E2 E3 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.65 0.70 0.66 0.75 0.70 0.75 0.70 0.70 0.60 0.60 0.62 0.60 0.60 0.65 0.70 0.65 1.00 1.10 0.55 E1 E2 E3 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.65 0.70 0.66 0.90 0.80 0.85 0.80 0.80 0.65 0.70 0.67 0.70 0.70 0.70 0.75 0.75 1.15 1.30 0.55 E1 E2 E3 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.65 0.80 0.66 0.95 0.85 1.05 0.85 0.85 0.70 1.50 0.72 0.75 0.80 0.75 0.75 0.90 1.15 1.30 0.55 E1 E2 E3 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.85 0.80 0.79 1.00 0.95 1.05 1.10 0.85 0.80 1.80 0.77 1.00 1.10 0.75 0.75 0.90 1.15 1.30 0.60 The survey aimed to derive distribution functions from the interview results. Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 68 Expert Survey Analysis of Situation Objective Layout classes were derived from the results of the expert survey in order to determine a general representation of results for the individual floor layouts. Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach The seven different layouts were categorised according to their degree of complexity and grouped into three different classes. Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Class 0 Class 1 Class 2 Einfache Grundrissformen Medium layouts Complex layouts Simple layouts Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 69 Expert Survey: Merging of datasets Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Class 0 Simple Einfache layouts Grundrissformen Class 1 Medium layouts Class 2 Complex layouts Although the derived distribution functions do not have greater accuracy, they provide a greater degree of certainty with respect to variations and uncertainties resulting from the expert survey. An expert survey dataset includes the labour consumption rate estimates provided by several experts for a certain layout. Indirect use of this data is enabled if the distribution of expert opinions is evaluated and a distribution function fitted on this basis. Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 70 Expert Survey: Merging of datasets Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Grouping into classes is achieved by merging the expert survey datasets. The expert survey datasets are skewed as a result of the varying degree of complexity of the layouts. This skewness needs to be corrected in the merging process. Three classes Cc (c = 0, 1, 2) are defined: • simple C0 • medium C1 • complex C2 These classes are derived from the layout-related datasets as follows: • C0 comprises layout shapes G1 and G2 • C1 comprises layout shapes G3, G4 and G5 • C2 comprises layout shapes G6 and G7 Conclusion Each layout shape i is represented by 19 expert values j (Ei,j). Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 71 Expert Survey: Merging of datasets Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Class 0 Class 1 Class 2 Simple Einfache layouts Grundrissformen Medium layouts Complex layouts C0 C1 C2 Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 72 Preparation of fitting: Merging of datasets Analysis of Situation Objective Reinforced Concrete Works – Basics 1.) In the first step, the average minimum value is calculated from the expert values of the associated layouts of class Cc (c = 0, 1, 2). min Cc Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method iC minGi Number of layouts of class 2.) Calculation of the spread of the expert values within the individual layouts of the respective class (i Є C). sGi maxGi minGi Expert Survey Fitting 3.) Calculation of the average spread of class Cc. Application: Performing arts centre sc Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 iC sG i Number of layouts of class 2012|Palisade Risk Conference | London Construction Management 73 Preparation of fitting: Merging of datasets Analysis of Situation Objective 4.) Scaling of expert values Ei,j for the jth expert of the ith layout within the cth class. Reinforced Concrete Works – Basics Ei , jnew Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Ei , j minGi sGi sc min Cc An average spread has been established for the expert values Ei,jnew grouped into classes. Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 74 Preparation of fitting: Merging of datasets Analysis of Situation Objective An example of the medium class should illustrate the approach: Reinforced Concrete Works – Basics Datasets of layouts G3, G4 and G5 are used for class C1. Calculation Mode 1: Deterministic Approach Class 1 Calculation Mode 3: Monte Carlo Method Medium layouts Expert Survey G3 Fitting Application: Performing arts centre Conclusion E1 Labour Consumption Rate [wh/m²] G4 G5 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 E2 E3 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.65 0.70 0.66 0.75 0.70 0.75 0.70 0.70 0.60 0.60 0.62 0.60 0.60 0.65 0.70 0.65 1.00 1.10 0.55 E1 Labour Consumption Rate [wh/m²] E3 0.55 0.65 0.58 0.80 0.70 0.65 0.60 0.65 0.60 0.50 0.55 0.55 0.55 0.60 0.70 0.60 1.00 1.10 0.45 E1 Labour Consumption Rate [wh/m²] E2 E2 E3 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.65 0.70 0.66 0.90 0.80 0.85 0.80 0.80 0.65 0.70 0.67 0.70 0.70 0.70 0.75 0.75 1.15 1.30 0.55 Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 75 Preparation of fitting: Merging of datasets Analysis of Situation Objective The minimum expert values for each layout are applied [min(Gi)], added up and divided by the number of layouts included in the calculation (in this case, three). Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach min C1 Calculation Mode 3: Monte Carlo Method minG3 minG4 minG5 3 min C1 0.45 0.55 0.55 3 Expert Survey min C1 0.517 Fitting wh m² Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 76 Preparation of fitting: Merging of datasets Analysis of Situation Objective In the next step, the spreads of the expert values are calculated for each layout: sG3 maxG3 minG3 Reinforced Concrete Works – Basics sG3 1.10 0.45 Calculation Mode 1: Deterministic Approach sG3 0.65 Calculation Mode 3: Monte Carlo Method wh m² Expert Survey Fitting Application: Performing arts centre Conclusion sG4 maxG4 minG4 sG5 maxG5 minG5 sG4 1.10 0.55 sG5 1.30 0.55 sG4 0.55 wh m² Source: Hofstadler ChristianHOFSTADLER | 2012 sG5 0.75 wh m² 2012|Palisade Risk Conference | London Construction Management 77 Preparation of fitting: Merging of datasets Analysis of Situation Objective Step 3 includes the calculation of the average spread for class C1, as follows: Reinforced Concrete Works – Basics s1 Calculation Mode 1: Deterministic Approach s1 Calculation Mode 3: Monte Carlo Method sG3 sG4 sG 5 3 0.65 0.55 0.75 3 s1 0.65 Expert Survey wh m² Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 78 Preparation of fitting: Merging of datasets Analysis of Situation Objective Reinforced Concrete Works – Basics In the final step, all expert values Ei,j of class C1 are scaled in order to create a new dataset that can be used for subsequent fitting. The following example illustrates the scaling of one of these values: Calculation Mode 1: Deterministic Approach Ei , jnew Calculation Mode 3: Monte Carlo Method E3,1new Ei , j minGi sGi E3,1 minG3 sG3 Expert Survey E3,1new Fitting s1 min C1 0.55 0.45 0.65 0.517 0.65 E3,1new 0.617 Application: Performing arts centre sc min Cc wh m² Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 79 Preparation of fitting: Merging of datasets Analysis of Situation Objective Original dataset for C1: G3 Reinforced Concrete Works – Basics E1 Labour Consumption Rate [wh/m²] G4 Calculation Mode 1: Deterministic Approach Expert Survey E2 E4 E5 E3 E4 E5 E2 E3 E4 E5 G3 Labour Consumption Rate [wh/m²] Application: Performing arts centre G4 Labour Consumption Rate [wh/m²] Conclusion G5 Labour Consumption Rate [wh/m²] E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.65 0.70 0.66 0.90 0.80 0.85 0.80 0.80 0.65 0.70 0.67 0.70 0.70 0.70 0.75 0.75 1.15 1.30 0.55 E3,1new Scaled dataset for C1: Fitting E6 0.65 0.70 0.66 0.75 0.70 0.75 0.70 0.70 0.60 0.60 0.62 0.60 0.60 0.65 0.70 0.65 1.00 1.10 0.55 E1 Labour Consumption Rate [wh/m²] E3 0.55 0.65 0.58 0.80 0.70 0.65 0.60 0.65 0.60 0.50 0.55 0.55 0.55 0.60 0.70 0.60 1.00 1.10 0.45 E1 Labour Consumption Rate [wh/m²] G5 Calculation Mode 3: Monte Carlo Method E2 E1 E2 E3 E4 E5 E6 E7 0.55 0.45 wh 0.65 0.517 0.617 0.65 m² E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.62 0.72 0.65 0.87 0.77 0.72 0.67 0.72 0.67 0.57 0.62 0.62 0.62 0.67 0.77 0.67 1.07 1.17 0.52 E1 E2 E3 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.63 0.69 0.65 0.75 0.69 0.75 0.69 0.69 0.58 0.58 0.60 0.58 0.58 0.64 0.69 0.63 1.05 1.17 0.52 E1 E2 E3 E4 E5 E6 E7 E8 E9 E10 E11 E12 E13 E14 E15 E16 E17 E18 E19 0.60 0.65 0.61 0.82 0.73 0.78 0.73 0.73 0.60 0.65 0.62 0.65 0.65 0.65 0.69 0.69 1.04 1.17 0.52 These scaled datasets can be used for subsequent fitting with the @Risk software. Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 80 Fitting Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting The results of the expert survey served to identify the most appropriate distribution function using the @RISK software. For fitting purposes, both the datasets of the individual layouts and the scaled datasets of the three classes (simple, medium, complex) were analysed. The LogLogistic distribution was found to be most appropriate in almost all cases. Compared to other distribution functions, this function gives the smallest error in the Kolmogorov-Smirnov, Anderson-Darling and Chi-square tests. For x > 0, the probability density of the LogLogistic distribution is defined as: β 1 β x α α f x 2 x β 1 α Application: Performing arts centre Conclusion In this equation, α > 0 and β > 0 are distribution parameters. Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 81 Fitting Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Fitting aims to numerically determine the parameters (offset and form parameters) of a distribution function in order for the distribution to represent the collected raw data as accurately as possible. The used @Risk software applies the Levenberg-Marquardt method, which uses the following (simplified) algorithm: 1. Calculate the "first guess" of all parameters Calculation Mode 3: Monte Carlo Method 2. Find the goodness-of-fit of the input data to the function using these parameters Expert Survey 3. Vary the parameters by an amount proportional to a factor λ Fitting 4. Measure the goodness-of-fit with the modified parameters Application: Performing arts centre 5. If the modified parameters produce a better fit, update the parameters with these values and decrease the value of λ by an order of magnitude Conclusion 6. If the modified values produce a worse fit, do not update the parameters and increase the value of λ by an order of magnitude 7. Return to step 3 Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 82 Fitting Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting The algorithm ends if the error changes by only a very small margin. Obviously, there is still a residual error after this process, which can be quantified using various statistical tests. Amongst others, these include the Chi-square, Kolmogorov-Smirnov and Anderson-Darling tests. For the statistical tests, all potential distribution functions available in @Risk were considered. The distribution giving the smallest error is then used for the subsequent computation steps; it replaces the previously applied triangular distributions. Application: Performing arts centre Conclusion For the expert survey analysis, the error was determined in the KolmogorovSmirnov test because this test is best suited to treating only a small amount of data. Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 83 Fitting Analysis of Situation Objective The scaled values and the fitting with @RISK result in the following LogLogistic distribution as the distribution function for Class 1: Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 84 Fitting Analysis of Situation Objective The steepness of the LogLogistic functions is due to the fact that the majority of experts estimated labour consumption rates in a narrower range. Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey However, upward outliers are not excluded but their likelihood of occurrence is much smaller than in the case of downward outliers. If a triangular instead of the LogLogistic distribution were used in the present case, a higher likelihood of occurrence would be assigned to the values in the maximum range, which would contradict the expert survey results completely. Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 85 Fitting Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Chau also analysed the validity of triangular distributions for the purpose of calculating construction costs using the Monte Carlo method. In this case, the costs of electrical installations were estimated by seven senior experts. One of the distinctive characteristics of this analysis was that the expected value was located closer to the minimum than to the maximum in most cases. This is explained by the fact that there is a theoretical lower construction cost limit determined by the minimum degree of resource utilisation. No upper limit exists, though. As a result, each of the experts adopted a different view with regard to the potential maximum cost depending on his personal background and experience. This suggests that the triangular distribution of the input values would result in an excessive distortion towards the maximum values. Chau indicates a right-skewed distribution as the form of the distribution function. Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 86 Fitting Analysis of Situation Objective Comparison: LogLogistic distribution and triangular distribution Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 87 Verification of Results Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Chau also analysed the validity of triangular distributions for the purpose of calculating construction costs using the Monte Carlo method. In this case, the costs of electrical installations were estimated by seven senior experts. Chau indicates a right-skewed distribution as the form of the distribution function. Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler.,Chau ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 88 Verification of Results Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach The comparison of the distribution function according to Chau with the LogLogistic distribution function derived from the expert survey shows a strong correlation. Distribution function according to Chau New distribution function Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre This finding permits the conclusion that right-skewed distribution functions are particularly well-suited to representing labour consumption rates. Conclusion More specifically, the LogLogistic distribution is proposed for labour consumption rates for shuttering works. The LogLogistic distribution is also believed to be most appropriate for labour consumption rates of other works, such as reinforcing or concrete placement. Source: Hofstadler, Chau ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 89 Fitting Analysis of Situation Objective The two parameters determining the form and the offset of the distribution (α, β) need to be entered in order to define a LogLogistic distribution for a calculation. Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method However, this is not in line with the previously applied approach according to which minimum, expected and maximum input values were specified for the triangular distributions. Since α and β are very difficult to estimate, further considerations are necessary to retain the LogLogistic form of the distribution whilst also facilitating data entry. Expert Survey Fitting Application: Performing arts centre Conclusion Another argument supporting the view that the general form of the LogLogistic distribution is not practical is the fact that users (cost surveyors, work schedulers, risk managers etc.) are unable to identify the values to be used for α und β. For this reason, further investigations were carried out in order to identify an option for retaining the characteristics of the LogLogistic distribution whilst facilitating data entry (making it suitable for practical applications). Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 90 Optimised Distribution Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method The solution lies in the polygonal approximation of the LogLogistic distribution. The fitted distribution is approximated by connected straight lines. In @Risk, the distribution function is approximated using the so-called “General Distribution” feature. Distribution obtained by fitting Distribution after polygonal approximation Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 91 Optimised Distribution Analysis of Situation Objective Reinforced Concrete Works – Basics Polygonal approximation: Y Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Area = 1 Conclusion X Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 92 Optimised Distribution Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion The approximated distribution is defined by x and y values. If specific limits for input values are selected, the x values need to be converted in order to retain the form of the distribution function. @Risk automatically standardises the area under the curve to 1. Such an approximation is performed for all three classes (simple, medium and complex). As a result, different distribution functions can be used for individual layouts in order to determine labour consumption rates. Provided a class is selected, a minimum and an expected value are chosen for the labour consumption rates. Therefore the user needs to enter only two values. An appropriate conversion factor must be identified in order to retain the form of the expert survey distribution function for the relevant class. Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 93 Optimised Distribution Analysis of Situation Objective Reinforced Concrete Works – Basics Expert Survey Fitting Minimum from fitting Calculation Mode 3: Monte Carlo Method Minimum from data Calculation Mode 1: Deterministic Approach Expected value from fitting Application: Performing arts centre Conclusion t r Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 94 Optimised Distribution Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting The difference between the minimum of the class distribution and the expected value obtained from fitting is used to determine the conversion factor f. In this regard, it should be noted that the fitting minimum is not equivalent to the minimum derived from the expert data, which is due to the fact that the fitted curve is superimposed on the gathered data. The distribution minimum is thus lower than the minimum value obtained from the data. The difference between the two values is referred to as t. Another parameter relevant to the conversion is the difference between the minimum of the data and the expected value obtained from fitting, which is referred to as r. Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 95 Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach As a result, the conversion factor f can be determined as follows: Expected valueEntry MinimumEntry f r A new t needs to be determined to be able to calculate the x values of the new distribution: Calculation Mode 3: Monte Carlo Method Minimum from fitting Analysis of Situation Objective Minimum from data Optimised Distribution Expected value from fitting tnew f t t r Expert Survey The new x values are then calculated as follows: Fitting xnew MinimumEntry x MinimumFitting f tnew Application: Performing arts centre Conclusion This scaling results in a function that has exactly the same form as the distribution originally fitted and approximated for the relevant class (similar to a LogLogistic distribution) whilst adhering to the selected input values. Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 96 Optimised Distribution Analysis of Situation Objective Reinforced Concrete Works – Basics When establishing the polygonal distributions, any input value is possible for the minimum and expected values. The form of the function is always retained; the only parameter changing is the spread of the distribution. Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 97 Performing Arts Centre – Musiktheater Linz - Key Details Analysis of Situation Objective Input values to calculate construction time: Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Expert Survey Fitting Application: Performing arts centre Conclusion Average labour consumption rate - shuttering works Average formwork ratio for the entire building Average labour consumption rate - reinforcement works Average reinforcement ratio for the entire building Average labour consumption rate - concrete works Maximum number of workers Proportion of the average number of workers Daily working time Concrete quantity Buffer Source: Hofstadler ChristianHOFSTADLER | 2012 MIN MLV MAX 1.10 wh/m² 3.00 m²/m³ 8.50 wh/t 125.00 kg/m³ 0.60 wh/m³ 100.00 wh/hr 75.00 % 8.00 hr/d 38,000 m³ 7.50 % 1.20 wh/m² 3.20 m²/m³ 9.50 wh/t 129.00 kg/m³ 0.65 wh/m³ 110.00 wh/hr 80.00 % 8.50 hr/d 38,275 m³ 10.00 % 1.35 wh/m² 3.50 m²/m³ 11.00 wh/t 135.00 kg/m³ 0.75 wh/m³ 120.00 wh/hr 88.00 % 9.00 hr/d 39,500 m³ 12.00 % 2012|Palisade Risk Conference | London Construction Management 98 Calculation of Construction Time: Calculation Mode 3 Selection of distribution functions and input of individual values Analysis of Situation Objective Reinforced Concrete Works – Basics CRFW * FRBD CRRW + * RRBD + CRCW Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method WRCW WTRCW * / TCRRCW Expert Survey Fitting QC / PRRCW Application: Performing arts centre DRCW Conclusion + BUT,RCW DRCW,BU Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 99 Change of Distribution Functions Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution LogLogistic distribution Calculation Mode 3: Monte Carlo Method Expert Survey Consequences Fitting Application: Performing arts centre ? Conclusion Labour Consumption Rate Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 100 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution Analysis of Situation Objective Reinforced Concrete Works – Basics 2.00 Isosceles triangular distribution Calculation Mode 1: Deterministic Approach 1.80 Asymmetric triangular distribution 1.60 Uniform distribution Calculation Mode 3: Monte Carlo Method 1.40 Beta distribution 1.20 Expert Survey 1.00 Fitting Application: Performing arts centre 0.80 0.60 0.40 Conclusion 0.20 0.00 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 Total labour consumption rate for reinforced concrete works [wh/m³] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 101 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Beta distribution Uniform distribution LogLogistic distribution Analysis of Situation Objective Reinforced Concrete Works – Basics 2.00 Isosceles triangular distribution Calculation Mode 1: Deterministic Approach 1.80 Asymmetric triangular distribution Uniform distribution 1.60 Beta distribution Calculation Mode 3: Monte Carlo Method 1.40 LogLogistic distribution 0 1.20 Expert Survey 1.00 Fitting Application: Performing arts centre 0.80 0.60 0.40 Conclusion 0.20 0.00 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 Total labour consumption rate for reinforced concrete works [wh/m³] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 102 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution LogLogistic distribution Beta distribution Uniform distribution Analysis of Situation Objective Reinforced Concrete Works – Basics 2.00 Isosceles triangular distribution Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method 1.80 Asymmetric triangular distribution Uniform distribution 1.60 Beta distribution LogLogistic distribution 0 1.40 LogLogistic distribution 1 1.20 Expert Survey 1.00 Fitting Application: Performing arts centre 0.80 0.60 0.40 Conclusion 0.20 0.00 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 Total labour consumption rate for reinforced concrete works Source: Hofstadler ChristianHOFSTADLER | 2012 6.75 7.00 7.25 7.50 [wh/m³] 2012|Palisade Risk Conference | London Construction Management 103 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution LogLogistic distribution Beta distribution Uniform distribution Analysis of Situation Objective Reinforced Concrete Works – Basics 2.00 Isosceles triangular distribution Calculation Mode 1: Deterministic Approach 1.80 Asymmetric triangular distribution Uniform distribution Beta distribution 1.60 LogLogistic distribution 0 Calculation Mode 3: Monte Carlo Method LogLogistic distribution 1 1.40 LogLogistic distribution 2 1.20 Expert Survey 1.00 Fitting Application: Performing arts centre 0.80 0.60 0.40 Conclusion 0.20 0.00 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 Total labour consumption rate for reinforced concrete works Source: Hofstadler ChristianHOFSTADLER | 2012 6.75 7.00 7.25 7.50 [wh/m³] 2012|Palisade Risk Conference | London Construction Management 104 Change of Distribution Functions Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution LogLogistic distribution Calculation Mode 3: Monte Carlo Method Expert Survey Consequences Fitting Application: Performing arts centre ? Conclusion Construction Time Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 105 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution Analysis of Situation Objective Reinforced Concrete Works – Basics 0.020 Isosceles triangular distribution Calculation Mode 1: Deterministic Approach 0.018 Asymmetric triangular distribution Uniform distribution 0.016 Beta distribution Calculation Mode 3: Monte Carlo Method 0.014 0.012 Expert Survey 0.010 Fitting Application: Performing arts centre 0.008 0.006 0.004 Conclusion 0.002 0.000 220 240 260 280 300 320 340 360 380 400 420 440 Construction time, incl. contingencies [d] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 106 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution LogLogistic distribution Analysis of Situation Objective Reinforced Concrete Works – Basics 0.020 Isosceles triangular distribution Calculation Mode 1: Deterministic Approach Asymmetric triangular distribution 0.018 Uniform distribution Beta distribution 0.016 LogLogistic distribution 0 Calculation Mode 3: Monte Carlo Method 0.014 0.012 Expert Survey 0.010 Fitting Application: Performing arts centre 0.008 0.006 0.004 Conclusion 0.002 0.000 220 240 260 280 300 320 340 360 380 400 420 440 Construction time, incl. contingencies [d] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 107 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution LogLogistic distribution Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method 0.020 Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution LogLogistic distribution 0 LogLogistic distribution 1 0.018 0.016 0.014 0.012 Expert Survey 0.010 Fitting Application: Performing arts centre 0.008 0.006 0.004 Conclusion 0.002 0.000 220 240 260 280 300 320 340 360 380 400 420 440 Construction time, incl. contingencies [d] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 108 Change of Distribution Functions Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution LogLogistic distribution Analysis of Situation Objective Reinforced Concrete Works – Basics 0.020 Calculation Mode 1: Deterministic Approach 0.018 Calculation Mode 3: Monte Carlo Method 0.014 Isosceles triangular distribution Asymmetric triangular distribution Uniform distribution Beta distribution LogLogistic distribution 0 LogLogistic distribution 1 LogLogistic distribution 2 0.016 0.012 Expert Survey 0.010 Fitting Application: Performing arts centre 0.008 0.006 0.004 Conclusion 0.002 0.000 220 240 260 280 300 320 340 360 380 400 420 440 Construction time, incl. contingencies [d] Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 109 Application of the Monte Carlo Method: Fitting with @RISK Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Labour consumption rates are very important for construction management and economics. Both clients and contractors can use this parameter in the individual project phases (e.g. for costing, review of bids, construction scheduling and logistics, or actual/budget comparisons). Estimating labour consumption rates is associated with chances and risks. Calculation Mode 3: Monte Carlo Method Expert Survey Chances exist because actual values can be lower than the estimates in the construction process; risks are posed by potential overruns. Fitting Various distribution functions are available to describe the distribution of values. Application: Performing arts centre Conclusion Expert surveys were conducted at Graz University of Technology in order to arrive at a conclusion regarding the most appropriate distribution function for floor shuttering works. 19 experts provided labour consumption rates for a range of simple to complex layouts. Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 110 Application of the Monte Carlo Method: Fitting with @RISK Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method The results were then merged and analysed for the individual layouts. The @RISK software was used to identify the most appropriate distribution function. The analysis showed that the LogLogistic distribution best described the characteristics of the labour consumption rates. The use of the outcomes of the analysis should result in improvements in forecasting construction time, construction cost, productivity etc. Expert Survey Fitting Application: Performing arts centre Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 111 CASE STUDY Analysis of Situation Objective Reinforced Concrete Works – Basics Calculation Mode 1: Deterministic Approach Calculation Mode 3: Monte Carlo Method Assoc.Prof. Dipl.-Ing. Dr.techn. Expert Survey Fitting Application: Performing arts centre Christian Hofstadler Associate Professor Institute of Construction Management and Economics Graz University of Technology, Austria hofstadler@tugraz.at www.christianhofstadler.at Conclusion Source: Hofstadler ChristianHOFSTADLER | 2012 2012|Palisade Risk Conference | London Construction Management 112