Abstract: Investment in a constructed facility represents a cost in
the short term that returns benefits only over the long term use of the
facility. Thus, the costs occur earlier than the benefits, and the owners
of facilities must obtain the capital resources to finance the costs of
construction. A project cannot proceed without an adequate
financing, and the cost of providing an adequate financing can be
quite large. For these reasons, the attention to the project finance is an
important aspect of project management. Finance is also a concern to
the other organizations involved in a project such as the general
contractor and material suppliers. Unless an owner immediately and
completely covers the costs incurred by each participant, these
organizations face financing problems of their own. At a more
general level, the project finance is the only one aspect of the general
problem of corporate finance. If numerous projects are considered
and financed together, then the net cash flow requirements constitute
the corporate financing problem for capital investment. Whether
project finance is performed at the project or at the corporate level
does not alter the basic financing problem .In this paper, we will first
consider facility financing from the owner's perspective, with due
consideration for its interaction with other organizations involved in a
project. Later, we discuss the problems of construction financing
which are crucial to the profitability and solvency of construction
contractors. The objective of this paper is to present the steps utilized
to determine the best combination of minimum project financing.
The proposed model considers financing; schedule and maximum net
area .The proposed model is called Project Financing and Schedule
Integration using Genetic Algorithms "PFSIGA". This model
intended to determine more steps (maximum net area) for any project
with a subproject. An illustrative example will demonstrate the
feature of this technique. The model verification and testing are put
into consideration.
Abstract: Many IT projects come to failure because of having
technical approach, focusing on the final product and lack of proper
attention to strategic alignment. Project management models quite
often have technical management view [4], [8], [13], [14]. These
models focus greatly on the finalization of the project product and the
delivery of the product to the customer. However, many project
problems are due to lack of attention to the needs and capabilities of
the organizations or disregarding how to deploy and use the product
in the organization. In this regard, in the current research we are
trying to present a solution with the purpose of raising the value of
the project in an organization. This way, the project outputs will be
properly deployed in the organization. Therefore, a comprehensive
model is presented which takes into account the whole processes
from initial step of project definition to the deployment of the final
outputs in the organization and then the definition of all roles and
responsibilities to put the model into practice. Taking into account
the opinions of experts and project managers, to prove the
performance of the model, the project problems were recognized and
based on the model, categorized and analyzed. And at the end it is
made clear that ignoring the proper definition of the project and not
having a proper understanding of the expected value on the one hand
and not supervising the emerged value in the process of production
and installment are among the most important factors that bring a
project to failure.
Abstract: In this paper, a heuristic method for simultaneous
rescue robot path-planning and mission scheduling is introduced
based on project management techniques, multi criteria decision
making and artificial potential fields path-planning. Groups of
injured people are trapped in a disastrous situation. These people are
categorized into several groups based on the severity of their
situation. A rescue robot, whose ultimate objective is reaching
injured groups and providing preliminary aid for them through a path
with minimum risk, has to perform certain tasks on its way towards
targets before the arrival of rescue team. A decision value is assigned
to each target based on the whole degree of satisfaction of the criteria
and duties of the robot toward the target and the importance of
rescuing each target based on their category and the number of
injured people. The resulted decision value defines the strength of the
attractive potential field of each target. Dangerous environmental
parameters are defined as obstacles whose risk determines the
strength of the repulsive potential field of each obstacle. Moreover,
negative and positive energies are assigned to the targets and
obstacles, which are variable with respects to the factors involved.
The simulation results show that the generated path for two cases
studies with certain differences in environmental conditions and
other risk factors differ considerably.
Abstract: To fight against the economic crisis, French
Government, like many others in Europe, has decided to give a boost
to high-speed line projects. This paper explores the implementation
and decision-making process in TGV projects, their evolutions,
especially since the Mediterranean TGV-line. This project was
probably the most controversial, but paradoxically represents today a
huge success for all the actors involved.
What kind of lessons we can learn from this experience? How to
evaluate the impact of this project on TGV-line planning? How can
we characterize this implementation and decision-making process
regards to the sustainability challenges?
The construction of Mediterranean TGV-line was the occasion to
make several innovations: to introduce more dialog into the decisionmaking
process, to take into account the environment, to introduce a
new project management and technological innovations. That-s why
this project appears today as an example in terms of integration of
sustainable development.
In this paper we examine the different kinds of innovations
developed in this project, by using concepts from sociology of
innovation to understand how these solutions emerged in a
controversial situation. Then we analyze the lessons which were
drawn from this decision-making process (in the immediacy and a
posteriori) and the way in which procedures evolved: creation of new
tools and devices (public consultation, project management...).
Finally we try to highlight the impact of this evolution on TGV
projects governance. In particular, new methods of implementation
and financing involve a reconfiguration of the system of actors. The
aim of this paper is to define the impact of this reconfiguration on
negotiations between stakeholders.
Abstract: The evolution in project management was triggered by
the changes in management philosophy and practices in order to
maintain competitive advantage and continuous success in the field.
The purpose of this paper is to highlight the practicality of cognitive
style and unlearning approach in influencing the achievement of
project success by project managers. It introduces the concept of
planning, knowing and creating style from cognitive style field in the
light of achieving time, cost, quality and stakeholders appreciation in
project success context. Further it takes up a discussion of the
unlearning approach as a moderator in enhancing the relationship
between cognitive style and project success. The paper bases itself on
literature review from established disciplines like psychology,
sociology and philosophy regarding cognitive style, unlearning and
project success in general. The analysis and synthesis of literature in
the subject area a conceptual paper is utilized as the basis of future
research to form a comprehensive framework for project managers in
enhancing the project management competency.
Abstract: Geographic Information System (GIS) is a computerbased
tool used extensively to solve various engineering problems
related to spatial data. In spite of growing popularity of GIS, its
complete potential to construction industry has not been realized. In
this paper, the summary of up-to-date work on spatial applications of
GIS technologies in construction industry is presented. GIS
technologies have the potential to solve space related problems of
construction industry involving complex visualization, integration of
information, route planning, E-commerce, cost estimation, etc. GISbased
methodology to handle time and space issues of construction
projects scheduling is developed and discussed in this paper.
Abstract: Chemical industry project management involves
complex decision making situations that require discerning abilities
and methods to make sound decisions. Project managers are faced
with decision environments and problems in projects that are
complex. In this work, case study is Research and Development
(R&D) project selection. R&D is an ongoing process for forward
thinking technology-based chemical industries. R&D project
selection is an important task for organizations with R&D project
management. It is a multi-criteria problem which includes both
tangible and intangible factors. The ability to make sound decisions
is very important to success of R&D projects. Multiple-criteria
decision making (MCDM) approaches are major parts of decision
theory and analysis. This paper presents all of MCDM approaches
for use in R&D project selection. It is hoped that this work will
provide a ready reference on MCDM and this will encourage the
application of the MCDM by chemical engineering management.
Abstract: For any country the project management has been a
vital part for its development. The highly competitive business world
has created tremendous pressure on the project managers to achieve
success. The pressure is derived from survival and profit building in
business organizations which compels the project managers to pursue
unethical practices. As a result unethical activities in business
projects can be found easily where situations or issues arise due to
dubious business practice, high corruption, or absolute violation of
the law. The recent spur on Commonwealth games to be organized in
New Delhi indicates towards the same. It has been seen that the
project managers mainly focus on cost, time, and quality rather than
social impact and long term effects of the project. Surprisingly the
literature as well as the practitioner-s perspective also does not
identify the role of ethics in project success. This paper identifies
ethics as the fourth most important dimension in the project based
organizations. The paper predicts that the approach of considering
ethics will result in sustainability of the project. It will increase
satisfaction and loyalty of the customers as well as create harmony,
trust, brotherhood, values and morality among the team members.
This paper is conceptual in nature as inadequate literature exists
linking the project success with an ethical approach.
Abstract: Work Breakdown Structure (WBS) is one of the
most vital planning processes of the project management since it
is considered to be the fundamental of other processes like
scheduling, controlling, assigning responsibilities, etc. In fact
WBS or activity list is the heart of a project and omission of a
simple task can lead to an irrecoverable result. There are some
tools in order to generate a project WBS. One of the most
powerful tools is mind mapping which is the basis of this article.
Mind map is a method for thinking together and helps a project
manager to stimulate the mind of project team members to
generate project WBS. Here we try to generate a WBS of a
sample project involving with the building construction using the
aid of mind map and the artificial intelligence (AI) programming
language. Since mind map structure can not represent data in a
computerized way, we convert it to a semantic network which can
be used by the computer and then extract the final WBS from the
semantic network by the prolog programming language. This
method will result a comprehensive WBS and decrease the
probability of omitting project tasks.
Abstract: Nowadays companies in all sectors are looking for the
sources of competitive advantages. Holistic marketing approach
searches for their emergence based on the integration of all
components and elements across the organization. Modern marketing
sees the sources of competitive advantage in implementing the latest
managerial practices, motivation, intelligent project management,
knowledge management, collaborative marketing, CSR and, in the
recent years, also in the business process optimization. With the use
of modern tools including business process management and business
process modelling the company can markedly increase its internal
efficiency which can lead not only to lowering the costs but to
creating the environment for optimal customer care, positive
corporate culture and for origination of innovations as well. In the
article the authors analyze the recent trend in this area and introduce
suggestions to companies to identify and optimize the key processes
that have a significant impact of the company´s competitiveness.
Abstract: Nowadays, many manufacturing companies try to
reinforce their competitiveness or find a breakthrough by considering
collaboration. In Korea, more than 900 manufacturing companies are
using web-based collaboration systems developed by the
government-led project, referred to as i-Manufacturing. The system
supports some similar functions of Product Data Management (PDM)
as well as Project Management System (PMS). A web-based
collaboration system provides many useful functions for collaborative
works. This system, however, does not support new linking services
between buyers and suppliers. Therefore, in order to find new
collaborative partners, this paper proposes a framework which creates
new connections between buyers and suppliers facilitating their
collaboration, referred to as Excellent Manufacturer Scouting System
(EMSS). EMSS plays a role as a bridge between overseas buyers and
suppliers. As a part of study on EMSS, we also propose an evaluation
method of manufacturability of potential partners with six main factors.
Based on the results of evaluation, buyers may get a good guideline to
choose their new partners before getting into negotiation processes
with them.
Abstract: Software projects are very dynamic and require
recurring adjustments of their project plans. These settings can be
understood as reconfigurations in the schedule, in the resources
allocation and other design elements. Yet, during the planning and
execution of a software project, the integration of specific activities
in the projects with the activities that take part in the organization-s
common activity flow should be considered. This article presents the
results from a systematic review of aspects related to software
projects- dynamic reconfiguration emphasizing the integration of
project management with the organizational flows. A series of studies
was analyzed from the year 2000 to the present. The results of this
work show that there is a diversity of techniques and strategies for
dynamic reconfiguration of software projects-. However, few
approaches consider the integration of software project activities with
the activities that take part in the organization-s common workflow.