System and method for modeling construction risk using location-based construction planning models

A system for modeling construction risk comprising:

• A construction task modeling system configured to store a model having one or more parameters for each of a plurality of location-based tasks and a plurality of work crews, wherein one of the plurality of works crews performs an associated one of each of the plurality of location-based tasks, wherein one of a plurality of first statistical models is related to a corresponding one of the plurality of work crews, and one of a plurality of second statistical models is related to a corresponding one location variable of each location-based task;
• A production risk system configured to store one or more risk models configured to generate a value for each of the one or more parameters of the plurally of location-based tasks and the plurality of work crews based on an input using one or more of the first statistical models and the second statistical models;
• and
• A Monte Carlo simulation system configured to iteratively randomly select a model parameter for the first statistical models and the second statistical models to generate a statistically-based duration for each of the location-based tasks.

A system for modeling construction risk comprising:

• A construction task modeling system configured to store one or more parameters for each of a plurality of location-based tasks wherein one of a plurality of first statistical models is related to a corresponding one of each location-based task;
• A productivity rate risk system configured to store one or more parameters for each of a plurality of individual construction crews, wherein one of a plurality of second statistical models is related to a corresponding one of the plurality of construction crews;
• and
• A Monte Carlo simulation system configured to iteratively randomly select a parameter for the first statistical models and the second statistical models to generate a statistically-based duration for each of the location-based tasks.