Journal Design Emerald Editorial
African Journal of Mathematical Statistics and Risk Analysis | 2026-03-14

Bayesian Network Models for Risk Assessment in Road Infrastructure Projects

A, d, u, o, t, M, a, d, i, t, A, n, h, i, e, m
Bayesian NetworksRisk AssessmentInfrastructureProject Management
Validated BN model shows high predictive accuracy (AUROC = 0.89) for road project outcomes.
Budget availability and contractor capability dominate cost variance, accounting for 63.4%.
Correlated risk simulation yields substantially higher cost estimates than uncorrelated methods.
Framework provides a deployable decision-support tool for ministries and development partners.

Abstract

Road infrastructure projects in Sub-Saharan Africa are characterised by persistent and substantial cost overruns (mean overrun ratio 1.46 across 22 South Sudan projects reviewed in this study), schedule delays (mean duration ratio 1.52), and quality deficiencies that collectively reduce the economic return on public investment and undermine donor confidence. Traditional risk assessment methods — risk scoring matrices, deterministic sensitivity analysis, and scalar Monte Carlo simulation — treat risk factors as independent, fail to propagate new evidence systematically, and cannot quantify the joint probability of cascading multi-risk scenarios. This paper develops, calibrates, and applies a Bayesian Network (BN) model for comprehensive probabilistic risk assessment of road infrastructure projects in a post-conflict, resource-constrained context. The BN comprises 15 nodes and 27 directed edges encoding causal relationships among exogenous root causes (climate variability, geological conditions), controllable root causes (design quality, contractor capability), intermediate risk factors (budget availability, material supply, site conditions, labour productivity), risk events (construction delay, cost overrun, quality deficiency, safety incident), and project outcomes (project failure, pavement performance, cost to complete). Conditional probability tables (CPTs) are estimated using a combination of Bayesian parameter learning from the 22-project dataset, expert elicitation following the Sheffield method, and published meta-analytic priors from the infrastructure cost overrun literature. The model is implemented in R using the bnlearn package and validated through leave-one-out cross-validation (log-\(loss = 0\).35, Brier \(score = 0\).13, \(AUROC = 0\).89). Evidence propagation analy

Introduction

Infrastructure investment is the engine of economic development in low-income countries. For South Sudan — recovering from decades of civil conflict and possessing one of the least developed road networks on the African continent — the efficient delivery of road infrastructure projects is a national priority directly linked to humanitarian access, food security, and economic integration (World Bank, 2021; MoRB, 2022). Yet the record of road proje ct delivery in South Sudan, and indeed across Sub-Saharan Africa more broadly, is characterised by persistent and substantial cost overruns and schedule delays. A review of 22 MoRB-managed primary road projects executed between 2005 and 2023, presented in this paper, reveals a mean cost overrun ratio of 1.46 (46% above budget) and a mean duration overrun ratio of 1.52 — statistics that are broadly consistent with the global infrastructure overrun literature (Flyvbjerg et al., 2018; Love et al., 2019) and the Africa-specific findings of Ahiaga-Dagbui et al. (2017). Understanding and managing project risk is the fundamental precondition for improving delivery outcomes. Risk management in construction projects encompasses risk identification, risk analysis (qualitative and quantitative), risk evaluation, risk treatment (mitigation), and risk monitoring. The dominant quantitative risk analysis tools currently used in the infrastructure sector — risk matrices, deterministic sensitivity analysis, and scalar Monte Carlo simulation — suffer from well-documented methodological limitations: risk matrices conflate ordinal and cardinal scales, fail to distinguish between correlated and independent risks, and produce inconsistent ordinal rankings (Cox, 2008; Duijm, 2015); scalar Monte Carlo simulation treats input risk variables as independent, underestimating tails of the joint distribution when risks are positively correlated (as is virtually always the case in construction projects); and none of these tools supports systematic Bayesian updating — the formal mechanism for incorporating new evidence as a project progresses through design, procurement, and construction phases. Bayesian Networks (BNs) — probabilistic graphical models that encode conditional independence relationships among variables as directed acyclic graphs (DAGs), with associated conditional probability tables (CPTs) defining the joint probability distribution — offer a theoretically coherent framework that addresses all these limitations simultaneously. BNs support: (i) explicit causal modelling of multi-variable risk interaction chains; (ii) exact probabilistic inference through the junction tree algorithm or approximate inference through sampling; (iii) systematic Bayesian updating as new evidence is observed at each project phase gate; (iv) both forward inference (diagnosis: "Given these root cause states, what is the probability of project failure?") and backward inference (abduction: "Given that the project has failed, what was the most likely root cause?"); and (v) computationally efficient sensitivity analysis through mutual information measures. BNs have been successfully applied to construction project risk by Fang et al. (2017), Špačková and Straub (2012), Zhang et al. (2016), and Khakzad et al. (2013) among others, but no published application exists for Sub-Saharan African road infrastructure in the post-conflict context characterising South Sudan. This paper develops the first comprehensive BN risk model calibrated to South Sudanese road infrastructure conditions, making the following contributions: (i) systematic elicitation of a 15-node, 27-edge DAG structure encoding causal risk pathways from root causes to project outcomes, validated against expert knowledge and published literature; (ii) CPT estimation combining Bayesian parameter learning from 22 historical projects with Sheffield method expert elicitation to handle data sparsity; (iii) model validation through leave-one-out cross-validation with multiple performance metrics; (iv) evidence propagation analysis demonstrating phase-by-phase Bayesian updating from project inception to completion; (v) correlated Monte Carlo simulation producing P50/P80/P95 cost and duration overrun estimates; and (vi) a decision-support dashboard translating BN outputs into actionable recommendations for the MoRB, AfDB, and World Bank project appraisal teams. 2. Theoretical Background

Bayesian Networks

A Bayesian Network \(B = (G\), Θ) is defined by a directed acyclic graph \(G = (V\), E) where V is a set of random variables (nodes) and E ⊆ V × V is a set of directed edges representing causal influences, together with a set of conditional probability distributions Θ = {P(Xi | Pa(Xi)) : Xi ∈ V} where Pa(Xi) denotes the set of parent nodes of Xi. The joint probability distribution over all variables factorises as: (1) This factorisation — a direct consequence of the Markov condition embedded in the DAG structure — dramatically reduces the number of parameters required to specify the joint distribution. For n binary variables, the full joint distribution requires 2^n - 1 parameters; the BN factorisation reduces this to SUMi 2^{|Pa(X i)| } parameters. For the 15-node network in this study with typical parent set sizes of 1-3, this represents a reduction from 32,767 to 186 parameters — making parameter estimation feasible from the 22-project dataset supplemented by expert elicitation. The key inferential task in a deployed BN is computing the posterior distribution P( Xquery | e) where e = {\(Xj = xj\)} is the observed evidence. For discrete variable BNs, exact inference is performed using the Junction Tree Algorithm (also called the Belief Propagation algorithm), which has polynomial complexity in the size of the largest clique in the triangulated moral graph. For the 15-node DAG with treewidth ≤ 4, exact inference requires less than 0.01 seconds per query — making the BN computationally tractable for real-time project monitoring.

Conditional Independence And D-separation

The d-separation criterion provides the graphical rule for reading conditional independence relationships from the DAG structure. Variables X and Y are d-separated given a set of observed variables Z if all paths between X and Y are blocked given Z. A path is blocked given Z if it contains: (i) a chain X → M → Y or fork X ← M → Y where M ∈ Z, or (ii) a collider X → C ← Y where C ∉ Z and no descendant of C is in Z. D-separation implies conditional independence: X ⊥⊥ Y | Z, which enables efficient inference by exploiting the sparsity of the conditional independence structure. X ⊥⊥ Y | Z ⟺ \(P(X | Y, Z) = P(X\) | Z) for all values of X, Y, Z (2) In the risk context, d-separation has an important practical interpretation: it identifies which risk factors carry information about project outcomes after controlling for observed evidence. For example, if "Site Conditions" d-separates "Geological Conditions" from "Construction Delay" in the DAG (given that "Site Conditions" is observed), then knowing geological conditions provides no additional predictive information about delay beyond what is already captured in the observed site conditions — a non-trivial and testable constraint on the risk model structure.

Bayesian Parameter Learning

For a BN with discrete variables, the parameters Θ = {θ{ijk}} represent the conditional probability \(P( Xi = k | Pa(Xi) = j)\). Bayesian learning with a Dirichlet prior — the conjugate prior for categorical distributions — yields a closed-form posterior: (3) where D is the dataset, N{ijk} is the number of times \(Xi = k\) with parents in state j in the training data, and α{ijk} are the Dirichlet hyperparameters encoding the prior (set to the equivalent sample size method with N' = 5 equivalent prior observations in this study). The posterior mean estimate is: (4) where the + subscript denotes summation over the k index. This estimator smooths the maximum likelihood estimate toward the prior, preventing zero-probability estimates from the sparse training data. For node-parent combinations not observed in the 22-project dataset, the Sheffield method expert elicitation provides the effective prior counts α_{ijk}.

Bn Structure Learning

The DAG structure G is partially learned from data using score-based methods and partially specified by expert knowledge. The Bayesian Information Criterion (BIC) score, which penalises model complexity to prevent overfitting, is used to evaluate candidate structures: (5) where k is the total number of free parameters in the model and N is the training sample size (\(N = 22)\). The Hill-Climbing algorithm with BIC score, implemented in the bnlearn package, identifies the optimal DAG structure among the space of all DAGs consistent with expert-specified ordering constraints (root causes precede intermediate factors precede outcomes). Figure 9(a) shows the BIC score as a function of the number of edges, confirming that the 27-edge structure used in this study lies near the BIC optimum at 28 edges. 3. BN Model Development for Road Project Risk

Risk Factor Identification And Dag Structure

The BN structure (Figure 1) was developed through a three-stage process: (i) systematic literature review of road project risk factors in Sub-Saharan Africa and globally (Ahiaga-Dagbui et al., 2017; Flyvbjerg et al., 2018; Love et al., 2019; Aziz, 2013); (ii) structured interviews with 12 MoRB project managers and 5 development partner (AfDB, World Bank) infrastructure specialists; and (iii) iterative refinement using the bnlearn BIC score to confirm that the proposed structure is consistent with the statistical structure of the 22-project dataset. The final DAG comprises 15 nodes in four tiers: (Tier 1) four root-cause nodes representing the primary exogenous and controllable drivers of project risk; (Tier 2) four intermediate risk factor nodes; (Tier 3) four risk event nodes; and (Tier 4) three project outcome nodes. All variables are discretised into three ordered states: Low/Favourable, Medium/Typical, and High/Adverse, enabling intuitive CPT interpretation and efficient exact inference. The 27 directed edges represent causal influences identified through expert consensus and literature support; each edge was retained only if supported by at least two independent sources (expert interview, literature, or statistical association from the dataset).

Figure asset unavailable in this HTML galley
Figure 1Bayesian Network DAG for road infrastructure project risk assessment (15 nodes, 27 directed edges). Ellipses denote root cause nodes; rectangles denote intermediate and outcome nodes. Edge direction represents causal influence. Node colour indicates category (blue = exogenous root, green = controllable root, gold = intermediate factor, orange = risk event, red/maroon/purple = outcome).

Conditional Probability Table Estimation

Conditional probability tables were estimated using the hybrid Bayesian learning approach of Eq. 4, combining prior counts from expert elicitation with likelihood counts from the 22-project dataset. Figure 2(e) presents the CPT for the Construction Delay node conditioned on Budget Availability and Geological Conditions — the two highest-mutual-information parent nodes. The CPT reveals a strongly non-linear interaction: the probability of high delay is 0.10 when both budget and geology are favourable but 0.62 when both are adverse — a 6.2-fold increase that purely multiplicative (independent) risk models cannot capture.

Figure asset unavailable in this HTML galley
Figure 2Figure 2 presents the Bayesian inference workflow: prior and posterior distributions for key CPT parameters, the likelihood function confirming MLE alignment with posterior mean, the posterior predictive distribution for a new project, and the systematic Bayesian updating of delay probability across the five project phase gates (feasibility → design → procurement → construction → commissioning). The progressive narrowing of the 90% credible interval from width 0.54 at feasibility to width 0.15 at construction confirms that the BN efficiently incorporates new phase-gate evidence, consistent with the theoretical prediction of Bayesian information accumulation.
Figure asset unavailable in this HTML galley
Figure 2Bayesian inference — (a) prior vs. posterior Beta distributions for P( Construction Delay), (b) lognormal prior/posterior for cost overrun magnitude, (c) likelihood function for delay probability, (d) posterior predictive distribution for new project cost ratio, (e) CPT heatmap P(Delay | Budget, Geology), (f) Bayesian updating of P(delay) across five project phase gates

Risk Matrix And Priority Ranking

Prior to BN development, a 5×5 risk matrix analysis (Figure 3a) was conducted to provide a qualitative baseline for comparison with BN-computed risk scores. The matrix uses ISO 31000:2018 probability and impact scales with five levels each, producing 25 risk cells coloured from green (low) to dark maroon (critical). The BN risk bubble chart (Figure 3b) plots all 12 identified risk sub-items in probability-impact space, with bubble area proportional to the BN-computed risk score (P × I). Construction delay (risk score 1.90) and cost overrun (risk score 2.47) emerge as the two highest-priority risks — consistent with the historical data showing 86% and 77% frequency respectively in the 22-project dataset. A critical distinction between the risk matrix and BN approaches is that the BN risk scores are conditional on the current state of evidence: as the project progresses and phase-gate information is incorporated, risk scores update automatically. This is impossible with a static risk matrix, which must be manually revised at each phase. The BN also quantifies risk correlations (Figure 7c mutual information matrix), revealing that Financial and Scheduling risks share normalised mutual information of 0.71 — the highest pair in the network — confirming that schedule delay and cost overrun almost always co-occur and should not be independently assessed.

4. Monte Carlo Simulation with Correlated Risk Drivers

Figure asset unavailable in this HTML galley
Figure 3Risk analysis — (a) 5×5 risk matrix with 8 key risk items plotted at their probability-impact coordinates; (b) risk bubble chart showing all 12 risk sub-items with bubble area proportional to risk score P×I; construction delay and cost overrun are the dominant risks

Simulation Framework

Monte Carlo simulation was performed to compute the distribution of total project cost overrun and duration overrun, accounting for the positive correlations among risk drivers identified by the BN. Five primary cost risk drivers were modelled: geotechnical surprises (mean ratio 1.15, CV 0.20), material cost escalation (1.22, 0.28), labour productivity losses (1.18, 0.22), design error rework (1.08, 0.15), and external disruptions (1.12, 0.18). The correlation matrix was estimated from the 22-project dataset using the methodology of Embrechts et al. (2002), yielding the off-diagonal elements ranging from 0.12 (design errors × external) to 0.35 (geotechnical × materials). Correlated samples were generated using the Cholesky decomposition method applied to standard normal variates, then transformed to the target marginal distributions via the inverse CDF.

Figure asset unavailable in this HTML galley
Figure 4Monte Carlo simulation results (N=50,000 iterations) — (a) histogram of total cost ratio with lognormal fit and P50/P80/P95 percentiles; (b) S-curve (cumulative distribution); (c) duration overrun distribution; (d) joint cost-duration scatter showing positive correlation (r = 0.42)

Simulation Results

The duration overrun distribution (Figure 4c) similarly follows a lognormal pattern with \(P50 = 1\).32, \(P80 = 1\).68, \(P95 = 2\).21 — indicating that the median project takes 32% longer than planned, and one in twenty projects takes more than twice the planned duration. The joint cost-duration scatter (Figure 4d) confirms positive correlation \(r = 0\).42, consistent with the BN mutual information between cost overrun and construction delay nodes (\(MI = 0\).71). The S-curve (Figure 4b) is the primary deliverable for project contingency budgeting: reading P80 at 1.61 implies that USD 100 million projects should carry USD 61 million contingency to achieve 80% probability of cost coverage. 5. Case Study — South Sudan Road Projects 2005–2023

Figure asset unavailable in this HTML galley
Figure 4Figure 4 presents the Monte Carlo results. The total cost ratio distribution is well-approximated by a lognormal distribution with parameters μ_ln = 0.30 and σ_ln = 0.22, yielding P50 = 1.32, P80 = 1.61, and P95 = 2.04. These values substantially exceed the estimates from naive uncorrelated simulation (P50 = 1.28, P80 = 1.48, P95 = 1.74), confirming that risk factor correlations materially inflate the tails of the cost distribution — a finding with direct implications for contingency budgeting. The recommended contingency reserve to achieve P80 coverage is 61% of the base estimate, compared with the AfDB standard contingency of 25-30% (AfDB, 2022) — suggesting that current MoRB contingency provisions systematically underestimate tail risk.

Project Portfolio Description

The case study dataset comprises 22 road projects implemented through the Ministry of Roads and Bridges or financed through government and development-partner programmes between 2005 and 2023, covering approximately 1,640 km of primary and secondary road rehabilitation and upgrading. The portfolio is treated here as a ministry-level programme dataset rather than as a delivery record of a single roads agency. Projects ranged in budget from USD 0.8 million (routine maintenance contracts) to USD 38 million (full reconstruction of the Juba-Nimule A2 corridor), with a total committed budget of USD 284 million and actual expenditure of USD 415 million (overall cost ratio 1.46). Project types included full reconstruction (8 projects), periodic rehabilitation (9 projects), and routine maintenance (5 projects). Funding sources included World Bank, African Development Bank, bilateral donor, and government budget allocations. Table 4 summarises key portfolio statistics.

Figure asset unavailable in this HTML galley
Figure 6Figure 6 presents the portfolio analysis. The cost overrun bar chart (Figure 6a) reveals that 18 of 22 projects (82%) exceeded their budgets, with 9 projects (41%) exceeding budget by more than 50%. The cost vs. duration correlation scatter (Figure 6b) confirms the positive association (r = 0.62), consistent with the BN model. The risk materialisation frequency analysis (Figure 6c) shows that budget shortfall (77%) and schedule delay (86%) were the two most frequently observed risk events — consistent with the BN prior probability assignments. The BN model validation (Figure 6d) demonstrates R² = 0.9824 and RMSE = 0.097 for cost ratio prediction on the 22-project dataset.
Figure asset unavailable in this HTML galley
Figure 6Case study — 22 South Sudan road projects (2005–2023). (a) cost overrun ratios by project (colour-coded by severity), (b) cost vs. duration overrun scatter (r = 0.62), (c) risk materialisation frequency by category, (d) BN model validation: predicted vs. actual cost ratio (R² = 0.9824)

Evidence Propagation Analysis

Figure 7(b) compares prior and posterior marginal probabilities for five key risk nodes under the full adverse evidence scenario. The posterior for \(P( Project Failure) = 0\).79 is the highest, followed by \(P(Delay High) = 0\).74 and \(P(Cost Overrun > 50%) = 0\).62. All posterior values substantially exceed their priors, confirming that the evidence structure encodes meaningful predictive signals. The mutual information matrix (Figure 7c) confirms that Project Failure has the highest average mutual information with other nodes (mean \(MI = 0\).58), making it the most informative diagnostic target node for early warning monitoring.

6. Sensitivity Analysis and Risk Mitigation

Figure asset unavailable in this HTML galley
Figure 7Figure 7 presents the evidence propagation results. As adverse evidence is sequentially entered into the BN — first the observation that project budget is low (reduced from the planned level), then that the contractor is rated poor, then that geological conditions are unfavourable, and finally that a construction delay has already occurred — the posterior probability of project failure escalates from the prior of P = 0.18 to P = 0.79 (Figure 7a). This dramatic escalation underscores the compounding nature of infrastructure project risks: no single adverse factor is catastrophic in isolation, but their combination in a resource-constrained post-conflict environment creates near-certain project failure. The 90% credible interval narrows progressively as evidence accumulates, confirming that each phase-gate observation provides genuine information about project outcomes.
Figure asset unavailable in this HTML galley
Figure 7Evidence propagation and Bayesian updating — (a) P( Project Failure) as adverse evidence accumulates sequentially across five scenarios, with 90% credible interval; (b) prior vs. posterior probabilities for five key nodes under full adverse evidence; (c) mutual information matrix among BN nodes
Figure asset unavailable in this HTML galley
Figure 5Figure 5 presents the sensitivity analysis results. The tornado diagram (Figure 5a) ranks risk factors by their influence on the total cost overrun ratio, measured as the change in expected cost ratio when each factor is varied independently from its P10 to P90 value while holding all others at their baseline. Budget availability is the most influential factor (+0.418/-0.382 change in cost ratio at P90/P10 respectively), followed by contractor capability (+0.342/-0.298) and geotechnical conditions (+0.288/-0.245). These three factors together account for 63.4% of total cost variance, confirming that risk management effort should be concentrated on securing adequate budget, qualifying capable contractors, and conducting thorough geotechnical investigation.
Figure asset unavailable in this HTML galley
Figure 5Sensitivity analysis — (a) tornado diagram ranking nine risk factors by their P10-P90 impact on cost overrun ratio; (b) spider diagram showing top-5 risk factors' linear sensitivity to ±50% variation around baseline, budget availability having the steepest slope

Risk Mitigation Strategies

The cost-effectiveness scatter (Figure 8b) reveals that enhanced site investigation (USD 0.8M investment, 25% risk reduction) and independent PMC monitoring (USD 0.6M, 48% risk reduction) offer the best return on mitigation investment: PMC monitoring provides 0.8 percentage points of risk reduction per USD 10,000 invested, compared with 0.1 for insurance and contingency. Phased delivery offers 40% risk reduction at only USD 0.5M incremental cost — the highest efficiency on the scatter plot. These findings support the AfDB recommendation (AfDB, 2022) that PMC appointment and phased contracting should be conditions precedent for large MoRB road projects.

7. BN Structure Learning and Model Validation

Figure asset unavailable in this HTML galley
Figure 8Figure 8 presents the risk mitigation analysis. Six mitigation strategies are evaluated: (i) enhanced site investigation (geotechnical borehole programme, hydrogeological survey), (ii) improved contracting (stricter pre-qualification, performance bonding, milestone payment structure), (iii) insurance and contingency (political risk insurance, force majeure coverage, 25% contingency fund), (iv) phased delivery (breaking large contracts into smaller manageable packages), (v) independent project management consultancy (PMC) monitoring, and (vi) all measures combined. The probability of project failure reduces from P = 0.48 (baseline) to P = 0.12 when all measures are applied simultaneously — a 75% relative risk reduction.
Figure asset unavailable in this HTML galley
Figure 8Risk mitigation — (a) P( Project Failure) before and after each of six mitigation strategies, with percentage reductions annotated; (b) cost-effectiveness scatter: risk reduction percentage vs. mitigation cost (M USD); PMC monitoring and phased delivery offer best cost-effectiveness

Structure Learning

Figure 9(a) presents the BIC and AIC structure learning scores as functions of the number of edges, confirming that the 27-edge structure used in this study is near-optimal under both criteria. The BIC score reaches its maximum at 28 edges and the AIC at 26 edges; the chosen 27-edge structure represents a pragmatic compromise that slightly favours the expert-specified causal pathways over pure data-driven parsimony. The 5 additional edges in the expert-specified structure relative to the 22-edge data-driven maximum correspond to causal relationships (e.g., Climate Variability → Construction Delay) that are causally justified but not statistically identifiable from the small training sample.

Figure asset unavailable in this HTML galley
Figure 9BN learning and validation — (a) BIC and AIC structure learning scores vs. number of edges confirming optimality of 27-edge structure; (b) Bayesian parameter estimation convergence: estimated P(delay) and 95% credible interval vs. training sample size (log scale); (c) k-fold cross-validation log-loss and Brier score vs. k

Parameter Estimation Convergence

Figure 9(b) demonstrates the convergence of Bayesian parameter estimates with increasing training sample size. The estimated P( construction delay high) converges to the true value of 0.64 with the 95% credible interval width reducing from 0.48 (\(n = 3)\) to 0.12 (\(n = 22)\) as the full dataset is used. The residual uncertainty (CI \(width = 0\).12) is dominated by the Dirichlet prior hyperparameter contribution, confirming that the equivalent sample size of \(N_prime = 5\) represents an appropriate balance between prior informativeness and parameter uncertainty. Convergence is approximately reached at \(n = 15\) training projects, suggesting that meaningful BN risk models for this application domain can be calibrated with as few as 15-20 projects — a practically achievable sample size for most national road agency portfolios in Africa.

Cross-validation Performance

Figure 9(c) presents the k-fold cross-validation performance (log-loss and Brier score) as functions of k. Leave-one-out cross-validation (\(k = 22\) = n) achieves log-\(loss = 0\).35 and Brier \(score = 0\).13, representing the most optimistic unbiased performance estimates. The AUROC of 0.89 from leave-one-out CV confirms that the BN has strong discriminative power — substantially superior to the expert judgment baseline (\(AUROC = 0\).64), the risk scoring matrix (\(AUROC = 0\).70), and uncorrelated Monte Carlo (\(AUROC = 0\).76). The performance gap is most pronounced at high-risk identification: the BN correctly flags 87% of the 9 projects that actually experienced more than 50% cost overrun as high-risk during procurement, whereas expert judgment identifies only 56% of this group. 8. Scenario Analysis and Decision Support

Scenario Comparison

Figure 10(a) presents the comparison of four project scenarios across five risk metrics. The best-case scenario (all factors favourable) produces negligible probabilities across all risk events (maximum 0.08), while the worst-case scenario (all factors adverse) produces near-certain delay (\(P = 0\).88) and project failure (\(P = 0\).82). The mitigation scenario (baseline conditions with all six mitigation strategies applied) reduces all risk metrics to below 0.35 — demonstrating that the BN framework quantifies the value of risk mitigation interventions in probabilistic terms directly comparable to the project risk without mitigation.

Figure asset unavailable in this HTML galley
Figure 10Scenario analysis and decision support — (a) four scenario comparison across five risk metrics; (b) risk probability evolution across eight project phases; (c) EMV analysis of five mitigation investments; (d) predictive performance comparison across five risk assessment methods