Notice of RetractionConstruction project schedule risk analysis and assessment using Monte Carlo simulation method

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Construction projects are initiated in complex and dynamic environments resulting in circumstances of high uncertainty and risk, which are compounded by demanding time constraints. This paper describes an application of Monte Carlo simulation method to consider and quantify uncertainty in construction scheduling. This paper points out the importance of the construction project scheduling risk analysis and assessment from the perspective of contractor and points out the limitations of project management network techniques (CPM/PERT). Based on analyzing the principle of construction project scheduling risk analysis and assessment using Mote Carlo simulation method, the evaluating steps of Mote Carlo simulation method are given. Ultimately, the outcomes of the paper are illustrated by an instance.