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A Guidebook for the Evaluation of Project Delivery Methods (2009) / Chapter Skim
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Appendix B - Definitions
Pages 99-100

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From page 99...
... Decision Factor: A variable in the Weighted Decision Matrix (Tier 2 of the proposed Project Delivery Selection System) that is derived from the project goals and pertinent issues to aid in the project delivery method decision is referred to as a decision factor.
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From page 100...
... Quantitative Risk Approach: A risk analysis approach in which the project risks are quantified in terms of ranges and probability of occurrence is called quantitative risk approach. This approach usually applies various probabilistic models to arrive at a probability distribution for the parameter under study (e.g., project cost)
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Key Terms

  • delivery method
  • project risks
  • risk analysis
  • delivery methods
  • delivery decision

  • decision factors
  • delivery selection
  • weighted decision
  • quantitative risk
  • qualitative risk

  • individual project
  • project goals
  • probabilistic risk
  • major project
  • maximum price

  • guaranteed maximum
  • analysis approach
  • pertinent issue
  • pertinent issues
  • various project

  • decision process
  • final decision
  • analytical delivery
  • decision matrix
  • organizes decision

  • method decision
  • determine project
  • risk distribution
  • project risk
  • decision factor


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