UGC Approved Journal no 63975(19)
New UGC Peer-Reviewed Rules

ISSN: 2349-5162 | ESTD Year : 2014
Volume 12 | Issue 10 | October 2025

JETIREXPLORE- Search Thousands of research papers

WhatsApp Contact
Click Here

Published in:

Volume 12 Issue 8
August-2025
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

7.95 impact factor calculated by Google scholar

Unique Identifier

Published Paper ID:
JETIR2508577


Registration ID:
568812

Page Number

f557-f563

Share This Article


Jetir RMS

Title

Monte Carlo Simulation in Construction Risk Management: A Comprehensive Review

Abstract

Construction projects face many risks that can increase costs and cause delays. Traditional risk management methods often fail to predict these problems accurately because they use single estimates instead of considering multiple possibilities. This review examines how Monte Carlo Simulation (MCS) can improve construction risk management by providing better predictions and decision-making tools. Research shows that MCS improves cost predictions by 60-70% and schedule forecasting by 25-35% compared to traditional methods. The paper discusses how MCS works, its benefits over conventional approaches, and its integration with new technologies like Building Information Modeling (BIM) and Internet of Things (IoT) sensors.

Key Words

Cite This Article

"Monte Carlo Simulation in Construction Risk Management: A Comprehensive Review", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 8, page no.f557-f563, August-2025, Available :http://www.jetir.org/papers/JETIR2508577.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Monte Carlo Simulation in Construction Risk Management: A Comprehensive Review", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 8, page no. ppf557-f563, August-2025, Available at : http://www.jetir.org/papers/JETIR2508577.pdf

Publication Details

Published Paper ID: JETIR2508577
Registration ID: 568812
Published In: Volume 12 | Issue 8 | Year August-2025
DOI (Digital Object Identifier):
Page No: f557-f563
Country: Kolhapur , Maharashtra , India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication
Published Paper URL :: https://www.jetir.org/view?paper=JETIR2508577
Published Paper PDF: https://www.jetir.org/papers/JETIR2508577

Preview This Article


Downlaod

Click here for Article Preview

Download PDF

Downloads

000111

Print This Page

Current Call For Paper

Volume 12 | Issue 10
October 2025

Call for Paper
Cilck Here For More Info

Jetir RMS