Effi Latiffianti, S.T., M.Sc., Yudha Andrian Saputra : Project Reliability Model Considering Time Cost Resource Relationship under Uncertainty

Effi Latiffianti, S.T., M.Sc.
Yudha Andrian Saputra ST., MBA



Published in

The Third Information Systems International Conference 2015

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Since PERT was introduced in 1950's, many researchers have developed models to evaluate the probability of project success, which is to meet the target in terms of time and/or cost by considering uncertainty. This probability can be seen as the project reliability. In this paper, we proposed a model to measure project reliability with time and cost as the targets by considering resource availability under uncertainty. Typically, resource is also a factor that contributes to the time and cost uncertainty. Study in the field of project reliability has evolved but there were no further study re-viewing relationship between resources and both time and cost of the project. Therefore, in this research, we developed a model to explain various type of relationship among time, cost, and resource that mostly are prioritized in the project planning. We also provide a technical solution for this type of problem using Monte Carlo simulation. A numerical example is provided to give an illustration and to measure the level of practicability of this model to deal with real world problems.