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ASTM E 1946 : 2018

Superseded
Superseded

A superseded Standard is one, which is fully replaced by another Standard, which is a new edition of the same Standard.

View Superseded by
superseded

A superseded Standard is one, which is fully replaced by another Standard, which is a new edition of the same Standard.

Standard Practice for Measuring Cost Risk of Buildings and Building Systems and Other Constructed Projects
Available format(s)

Hardcopy , PDF

Superseded date

26-05-2023

Language(s)

English

Published date

10-09-2018

1.1 This practice covers a procedure for measuring cost risk for buildings and building systems and other constructed projects, using the Monte Carlo simulation technique as described in Guide E1369.

1.1This practice covers a procedure for measuring cost risk for buildings and building systems and other constructed projects, using the Monte Carlo simulation technique as described in Guide E1369.

1.2A computer program is required for the Monte Carlo simulation. This can be one of the commercially available software programs for cost risk analysis, or one constructed by the user.

1.3This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.

1.4This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

Committee
E 06
DocumentType
Standard Practice
Pages
9
PublisherName
American Society for Testing and Materials
Status
Superseded
SupersededBy
Supersedes

ASTM E 1369 : 2015 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
ASTM E 1057 : 2015 Standard Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems
ASTM E 3035 : 2015 Standard Classification for Facility Asset Component Tracking System (FACTS)
ASTM E 3008/E3008M : 2016 Standard Classification for Transportation Surface Elements—UNIFORMAT II
ASTM E 1074 : 2015 Standard Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
ASTM E 964 : 2015 Standard Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems
ASTM E 2691 : 2016 Standard Practice for Job Productivity Measurement
ASTM E 2168 : 2010 : R2016 Standard Classification for Allowance, Contingency, and Reserve Sums in Building Construction Estimating
ASTM E 2506 : 2015 Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities
ASTM E 2103/E2103M : 2013 Standard Classification for Bridge Elements—UNIFORMAT II
ASTM E 917 : 2017 : EDT 1 Standard Practice for Measuring Life-Cycle Costs of Buildings and Building Systems
ASTM E 1074 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
ASTM E 2103/E2103M : 2019 Standard Classification for Bridge Elements—UNIFORMAT II
ASTM E 2691 : 2020 Standard Practice for Job Productivity Measurement
ASTM E 964 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems
ASTM E 3035 : 2015 : R2020 Standard Classification for Facility Asset Component Tracking System (FACTS)
ASTM E 1057 : 2015 : R2020 : EDT 1 Standard Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems
ASTM E 2506 : 2015 : R2020 : EDT 1 Standard Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities

ASTM E 2514 : 2008 Standard Practice for Presentation Format of Elemental Cost Estimates, Summaries, and Analyses
ASTM E 1557 : 2005 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II
ASTM E 1369 : 2011 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
ASTM E 1369 : 2007 : EDT 2 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
ASTM E 1369 : 2002 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
ASTM E 833 : 2014 Standard Terminology of Building Economics
ASTM E 2083 : 2005 : R2016 Standard Classification for Building Construction Field Requirements, and Office Overhead & Profit
ASTM E 1369 : 2007 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
ASTM E 1369 : 2015 : R2020 : EDT 1 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
ASTM E 2083 : 2000 Standard Classification for Building Construction Field Requirements, and Office Overhead & Profit
ASTM E 833 : 2014 : R2021 Standard Terminology of Building Economics
ASTM E 1557 : 1997 : EDT 1 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II
ASTM E 1557 : 2002 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II
ASTM E 2168 : 2001 Standard Classification for Allowance, Contingency and Reserve Sums in Building Construction Estimating
ASTM E 2514 : 2015 Standard Practice for Presentation Format of Elemental Cost Estimates, Summaries, and Analyses
ASTM E 2168 : 2010 : R2016 Standard Classification for Allowance, Contingency, and Reserve Sums in Building Construction Estimating
ASTM E 1369 : 2007 : EDT 1 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
ASTM E 1557 : 2009 : R2015 Standard Classification for Building Elements and Related Sitework—UNIFORMAT II
ASTM E 2168 : 2006 Standard Classification for Allowance, Contingency and Reserve Sums in Building Construction Estimating
ASTM E 1369 : 2015 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
ASTM E 2083 : 2005 : R2010 Standard Classification for Building Construction Field Requirements, and Office Overhead Profit
ASTM E 2083 : 2005 Standard Classification for Building Construction Field Requirements, and Office Overhead Profit
ASTM E 2168 : 2010 Standard Classification for Allowance, Contingency and Reserve Sums in Building Construction Estimating
ASTM E 1557 : 2009 : R2020 : EDT 1 Standard Classification for Building Elements and Related Sitework—UNIFORMAT II
ASTM E 1557 : 2001 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II
ASTM E 2514 : 2006 Standard Practice for Presentation Format of Elemental Cost Estimates, Summaries, and Analyses
ASTM E 1369 : 1998 Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
ASTM E 1557 : 2009 Standard Classification for Building Elements and Related Sitework-UNIFORMAT II

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