BIM Methodology and Montecarlo Analysis as Mitigation Tools of Construction Cost Overrun

Descripción del Articulo

Construction project management frequently encounters significant cost control challenges, with cost overruns being among the most persistent and critical issues. This paper proposes a risk management method for multifamily housing projects that integrates BIM methodology with Monte Carlo analysis....

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Detalles Bibliográficos
Autores: Meza, Gonzalo, Paredes, Daniel, Nuñez, Karina
Formato: artículo
Fecha de Publicación:2025
Institución:Universidad Peruana de Ciencias Aplicadas
Repositorio:UPC-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorioacademico.upc.edu.pe:10757/688488
Enlace del recurso:https://doi.org/10.11159/iccste25.184
http://hdl.handle.net/10757/688488
Nivel de acceso:acceso abierto
Materia:BIM
cost overrun
Montecarlo analysis
Project
Risk management
https://purl.org/pe-repo/ocde/ford#2.01.00
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dc.title.es_PE.fl_str_mv BIM Methodology and Montecarlo Analysis as Mitigation Tools of Construction Cost Overrun
title BIM Methodology and Montecarlo Analysis as Mitigation Tools of Construction Cost Overrun
spellingShingle BIM Methodology and Montecarlo Analysis as Mitigation Tools of Construction Cost Overrun
Meza, Gonzalo
BIM
cost overrun
Montecarlo analysis
Project
Risk management
https://purl.org/pe-repo/ocde/ford#2.01.00
title_short BIM Methodology and Montecarlo Analysis as Mitigation Tools of Construction Cost Overrun
title_full BIM Methodology and Montecarlo Analysis as Mitigation Tools of Construction Cost Overrun
title_fullStr BIM Methodology and Montecarlo Analysis as Mitigation Tools of Construction Cost Overrun
title_full_unstemmed BIM Methodology and Montecarlo Analysis as Mitigation Tools of Construction Cost Overrun
title_sort BIM Methodology and Montecarlo Analysis as Mitigation Tools of Construction Cost Overrun
author Meza, Gonzalo
author_facet Meza, Gonzalo
Paredes, Daniel
Nuñez, Karina
author_role author
author2 Paredes, Daniel
Nuñez, Karina
author2_role author
author
dc.contributor.author.fl_str_mv Meza, Gonzalo
Paredes, Daniel
Nuñez, Karina
dc.subject.es_PE.fl_str_mv BIM
cost overrun
Montecarlo analysis
Project
Risk management
topic BIM
cost overrun
Montecarlo analysis
Project
Risk management
https://purl.org/pe-repo/ocde/ford#2.01.00
dc.subject.ocde.es_PE.fl_str_mv https://purl.org/pe-repo/ocde/ford#2.01.00
description Construction project management frequently encounters significant cost control challenges, with cost overruns being among the most persistent and critical issues. This paper proposes a risk management method for multifamily housing projects that integrates BIM methodology with Monte Carlo analysis. This combination enables a detailed visual and quantitative assessment, facilitating risk identification and quantification, and providing precise cost control. Through comprehensive analysis, including literature reviews, case studies, and surveys of construction experts-the primary risk factors contributing to cost overruns were identified, such as design errors and cost estimation issues. Results indicate that the combined use of BIM and Monte Carlo enhances resource planning and minimizes cost overruns. Validation surveys demonstrate considerable acceptance of this method among professionals, who recognize its effectiveness and applicability in risk management for multifamily projects.
publishDate 2025
dc.date.accessioned.none.fl_str_mv 2026-01-27T18:02:32Z
dc.date.available.none.fl_str_mv 2026-01-27T18:02:32Z
dc.date.issued.fl_str_mv 2025-01-01
dc.type.es_PE.fl_str_mv info:eu-repo/semantics/article
dc.type.version.none.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a275
format article
dc.identifier.doi.none.fl_str_mv https://doi.org/10.11159/iccste25.184
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10757/688488
dc.identifier.eissn.none.fl_str_mv 23693002
dc.identifier.journal.es_PE.fl_str_mv International Conference on Civil Structural and Transportation Engineering
dc.identifier.eid.none.fl_str_mv 2-s2.0-105012168278
dc.identifier.scopusid.none.fl_str_mv SCOPUS_ID:105012168278
url https://doi.org/10.11159/iccste25.184
http://hdl.handle.net/10757/688488
identifier_str_mv 23693002
International Conference on Civil Structural and Transportation Engineering
2-s2.0-105012168278
SCOPUS_ID:105012168278
dc.language.iso.es_PE.fl_str_mv eng
language eng
dc.rights.*.fl_str_mv info:eu-repo/semantics/openAccess
dc.rights.uri.*.fl_str_mv http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/4.0/
dc.format.es_PE.fl_str_mv application/pdf
dc.publisher.es_PE.fl_str_mv Avestia Publishing
dc.source.none.fl_str_mv reponame:UPC-Institucional
instname:Universidad Peruana de Ciencias Aplicadas
instacron:UPC
instname_str Universidad Peruana de Ciencias Aplicadas
instacron_str UPC
institution UPC
reponame_str UPC-Institucional
collection UPC-Institucional
dc.source.journaltitle.none.fl_str_mv International Conference on Civil Structural and Transportation Engineering
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spelling 98dc056613c8cfadf73f1607ac1c4f255a06c25d3355bbe20bd83fa87e715a89b3d65c0fdd9ef205b0ffd81aed1b045b500Meza, GonzaloParedes, DanielNuñez, Karina2026-01-27T18:02:32Z2026-01-27T18:02:32Z2025-01-01https://doi.org/10.11159/iccste25.184http://hdl.handle.net/10757/68848823693002International Conference on Civil Structural and Transportation Engineering2-s2.0-105012168278SCOPUS_ID:105012168278Construction project management frequently encounters significant cost control challenges, with cost overruns being among the most persistent and critical issues. This paper proposes a risk management method for multifamily housing projects that integrates BIM methodology with Monte Carlo analysis. This combination enables a detailed visual and quantitative assessment, facilitating risk identification and quantification, and providing precise cost control. Through comprehensive analysis, including literature reviews, case studies, and surveys of construction experts-the primary risk factors contributing to cost overruns were identified, such as design errors and cost estimation issues. Results indicate that the combined use of BIM and Monte Carlo enhances resource planning and minimizes cost overruns. Validation surveys demonstrate considerable acceptance of this method among professionals, who recognize its effectiveness and applicability in risk management for multifamily projects.ODS 3: Salud y bienestarODS 4: Educación de calidadODS 5: Igualdad de géneroapplication/pdfengAvestia Publishinginfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/4.0/BIMcost overrunMontecarlo analysisProjectRisk managementhttps://purl.org/pe-repo/ocde/ford#2.01.00BIM Methodology and Montecarlo Analysis as Mitigation Tools of Construction Cost Overruninfo:eu-repo/semantics/articlehttp://purl.org/coar/version/c_970fb48d4fbd8a275International Conference on Civil Structural and Transportation Engineeringreponame:UPC-Institucionalinstname:Universidad Peruana de Ciencias Aplicadasinstacron:UPC2026-01-27T18:02:38ZLICENSElicense.txtlicense.txttext/plain; charset=utf-81748https://repositorioacademico.upc.edu.pe/bitstream/10757/688488/3/license.txt8a4605be74aa9ea9d79846c1fba20a33MD53falseCC-LICENSElicense_rdflicense_rdfapplication/rdf+xml; charset=utf-8908https://repositorioacademico.upc.edu.pe/bitstream/10757/688488/2/license_rdf0175ea4a2d4caec4bbcc37e300941108MD52falseORIGINALICCSTE_184.pdfICCSTE_184.pdfapplication/pdf901093https://repositorioacademico.upc.edu.pe/bitstream/10757/688488/1/ICCSTE_184.pdff9e32557cfade4e5f9125aa4a3df36b5MD51true10757/688488oai:repositorioacademico.upc.edu.pe:10757/6884882026-03-20 00:21:51.967Repositorio Académico UPCupc@openrepository.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BIM Methodology and Montecarlo Analysis as Mitigation Tools of Construction Cost Overrun
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