ASTM-E1946 › Historical Revision Information
Standard Practice for Measuring Cost Risk of Buildings and Building Systems
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Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects
Scope
1.1 This practice covers a procedure for measuring cost risk for buildings and building systems, using the Monte Carlo simulation technique as described in Guide E 1369.
1.2 A computer program is required for the Monte Carlo simulation. This can be one of the commercially available software programs for cost risk analysis, or one constructed by the user.
Keywords
cost model; cost risk analysis; Monte Carlo simulation; sensivity analysis; ICS Number Code 91.010.20 (Contractual aspects)
To find similar documents by ASTM Volume:
04.11 (Building Constructions (I): E72 - E2110)
To find similar documents by classification:
91.010.20 (Contractual aspects)
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Document Number
ASTM-E1946-07
Revision Level
2007 EDITION
Status
Superseded
Modification Type
Revision
Publication Date
April 1, 2007
Document Type
Practice
Page Count
9 pages
Committee Number
E06.81