Advanced Models for Project Management

L. Valadares Tavares

ISBN 10: 1461346495 / ISBN 13: 9781461346494

Published by Springer US, Springer US, 2012

About this Item

Druck auf Anfrage Neuware - Printed after ordering - More than forty years have passed since the early attempts to model projects. A large domain of theoretical developments has grown producing a high number of analytical and numerical results, but it seems that the main model is still the same: the concept of project network. This concept has come to represent the two major features underlying the notion of a project: the sequential and the competitive nature of its components, the project's activities. Actually, the sequential property defines the structure of the project and the competitive nature stems from the use of common resources (facilities, goods, equipment, management, etc.) to carry out the different activities. However, significant advances have been achieved in project modelling, allowing the production of much more powerful results: A. the concept of precedence and the description of activities has been generalized to produce a wide range of realistic representation of projects. B. the stochastic study of the features of projects such as the duration and cost of their activities is carried out by several analytical and numerical models, allowing experimental and forecasting analyses. C. the allocation of resources can be now studied for more complex situations and restrictions. D. the financial description of projects is more accurately studied and its optimization is thoroughly pursued. E. the assessment and the evaluation of projects now can be studied within the framework of multicriteria decision theory considering multiple perspectives and supporting the project manager to select the most appropriate compromises between risk, time and expected gains.

Seller Inventory # 9781461346494

Bibliographic Details

• Title: Advanced Models for Project Management
• Publisher: Springer US, Springer US
• Publication Date: 2012
• Language: English
• ISBN 10: 1461346495
• ISBN 13: 9781461346494
• Binding: Taschenbuch
• Condition: Neu

About this title

Synopsis

More than forty years have passed since the early attempts to model projects. A large domain of theoretical developments has grown producing a high number of analytical and numerical results, but it seems that the main model is still the same: the concept of project network. This concept has come to represent the two major features underlying the notion of a project: the sequential and the competitive nature of its components, the project's activities. Actually, the sequential property defines the structure of the project and the competitive nature stems from the use of common resources (facilities, goods, equipment, management, etc.) to carry out the different activities. However, significant advances have been achieved in project modelling, allowing the production of much more powerful results: A. the concept of precedence and the description of activities has been generalized to produce a wide range of realistic representation of projects. B. the stochastic study of the features of projects such as the duration and cost of their activities is carried out by several analytical and numerical models, allowing experimental and forecasting analyses. C. the allocation of resources can be now studied for more complex situations and restrictions. D. the financial description of projects is more accurately studied and its optimization is thoroughly pursued. E. the assessment and the evaluation of projects now can be studied within the framework of multicriteria decision theory considering multiple perspectives and supporting the project manager to select the most appropriate compromises between risk, time and expected gains.

About the Author

Luis Valadares Tavares is Professor of Operational Research and Systems Engineering at IST - Technical University of Lisbon, Portugal, as well as President of IST's Center for Urban and Regional Systems and of the Portuguese eBusiness Society.