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Paper Details

USING THE RISKYPROJECT SOFTWARE WHEN CALCULATING THE RISK APPROACH BASED COST EFFECTIVENESS OF ENGINEERING-GEOPHYSICAL WORKS

Dmitry Aleksandrovich Lalomov; Gennady Vasilyevich Kovalenko

Journal Title:Theoretical & Applied Science
Abstract


Engineering geophysics is a science focused on studying geological environment surrounding engineering constructions. In some cases, results of engineering surveys are of a probabilistic nature and can hardly be economically evaluated using standard procedures. Intaver Institute has created an algorithm of evaluating project risks impact in their RiskyProject software. This algorithm enables us to evaluate cost effectiveness of engineering surveys using the risk approach.

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