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1.1 This practice covers a procedure for measuring cost risk for buildings and building systems and other constructed projects, using the Monte Carlo simulation technique as described in Guide E1369.

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.

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Published:
04/01/2012
Number of Pages:
9
File Size:
1 file , 500 KB
Redline File Size:
2 files , 1000 KB