Sharifi, Masoud MohammadBagherpour, Morteza2016-08-232016-08-232016Sharifi, MM & Bagherpour, M 2016, 'Optimizing cash-flow-at-risk in construction projects : a cost reduction approach', Periodica Polytechnica Civil Engineering, vol. 60, no. 3, pp. 337-344.1587-377310.3311/PPci.7884http://hdl.handle.net/2263/56459Project managers normally are facing with di culties behind management of project cash flow, which requires distinguished methods and appropriate tools to manage negative cash flows. Cash-Flow-at-Risk (CFaR) model is an e cient approach to predict cash flow trend. In this study, all risk factors a ecting project management environment have incorporated to predict an accurate project cash flow. Then, a response surface method (RSM) is applied to determine optimal level of risk. The results have successfully implemented through a case study to demonstrate the applicability of the proposed method.enThis article is published under a Creative Commons License.Gaussian mixture modelProject managementCash-Flow-at-Risk (CFaR)Response surface method (RSM)Article