The design and construction of capital projects can be extremely complex. Uncertainty and risk add to this complexity and, as a result, many projects experience significant cost overruns and schedule ...

Long before statistical whiz Nate Silver predicted the outcome of the 2012 presidential election and "Moneyball" became a household word, structural engineers employed the Monte Carlo method of ...

A comprehensive guide and tool to help organizations implement probabilistic risk analysis. The guide provides an overview of the risk register tool and gives an example of a project that used it.

The multiple and ongoing accidents at the Fukushima reactors come as a reminder of the hazards associated with nuclear power. As with the earlier severe accidents at Chernobyl and Three Mile Island, ...