Apr 19, 2024  
2010-2011 Academic Catalog 
    
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2010-2011 Academic Catalog [Published Catalog]

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CENG 444 - Risk Management and Bidding Strategies

Introduction to Risk and Uncertainty. Process of Risk Management: Risk Identification, Risk Analysis (Qualitative and Quantitative), Risk Response Planning, Risk Monitoring and Control, Tools and Techniques: Decision Trees, PERT, modeling, optimization, Monte Carlo Simulation and application. Accounting for Project Risks. Introduction to Risk Analysis packages (Crystal Ball, PERT Master). Analyzing the Bidding Behavior of Key Competitors, Estimating Optimum Markup.
Prerequisites
CENG 441.
(3 cr.)


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