4. Conclusions
The quantitative risk analysis with applications in construction projects represents an important asset for the
construction companies which are facing with continuous delays and cost overruns. The paper provides a
practical approach of quantitative risk analysis using Monte Carlo method and highlighting the correlation
between the parameters time, cost and resources limitations in construction projects. The project execution is
analyzed not only by the current probability to achieve the parameters time and cost together, but by the trends of
their combination, integrating the scope, time, cost, resources and risks and providing a better tool in decision
making.