Towards an integrated controlling tool based on a time-varying project risk management concept

This article focuses on risk decreasing and disappearing with time, based on value-based risk monitoring. In a project, in order to maintain a value-based risk management process, a continuous valuation method is necessary which is able to capture the value of the project deliverable (e.g., building) in its current state. The objective of this paper is twofold. On the one hand a continuous, integrated monitoring and reassessment tool for risk...