EXPLORING THE PROPERTIES OF COST OVERRUN RISK PROPAGATION NETWORK (CORPN) FOR PROMOTING COST MANAGEMENT

Construction cost overrun chronically plagues contractors. To address the issue, numerous studies have explored cost overrun risks (CORs). Nevertheless, their methods of identifying risk relationship are susceptible to experts’ experience. In addition, they fail to unearth the relationship structure information and analyze the risk propagation effect. To fill these gaps, this paper intends to propose a methodology that integrates the engineering...