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Advanced Models for Project Management (Paperback, Softcover reprint of the original 1st ed. 1999)
Loot Price: R5,769
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Advanced Models for Project Management (Paperback, Softcover reprint of the original 1st ed. 1999)
Series: International Series in Operations Research & Management Science, 16
Expected to ship within 10 - 15 working days
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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.
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