Continuous Adjustments and the Reality Test in Managing Complex Projects
Keywords:
Project Management, Project Execution, PERT, Complex Construction ProjectsAbstract
The state-of-the-art in the practice of probabilistic network planning for complex construction projects PERT (Program Evaluation Review Technique) is evaluated along the lines of thought of the reality test that was introduced in the workshop “Error in the Sciences”, Lorentz Center, Leiden University, 2011. The conclusion is that the application of the PERT-methodology during project execution can be improved by: including in the planning software the actual durations of the activities as soon as these are finished; monitoring progress by keeping the probability of timely completion just over 50%; and adopting risk ranking for prioritising managerial attention.
References
J. Barzilai. “Preference Function Modelling: The Mathematical Foundations of Decision Theory”. In M. Ehrgott, J.R. Figuaira, and S. Greco, Editors, Trends in Multiple Criteria Decision Analysis, chapter 1, pages 57-86, Springer, 2010.
R.P. de Graaf and L.A. van Gunsteren. “Incorporation of Mitigations on-the-run in Probabilistic Network Planning”. In EUROPIA12 Conference, Paris, 2009.
O. Doughan, R.P. de Graaf, and L.A. van Gunsteren. “Planning of construction projects for the Olympic games taking into account mitigations on-the-run”. In PM Congress 2019: Research meets Practice, Delft, April 10th-12th 2019.
L.A. van Gunsteren. Stakeholder-oriented Project Management: Tools and Concepts, IOS Press, chapter 4, pages 26-39, 2011.
L.A. van Gunsteren. “Economic Theory and the Reality Test”, in workshop: “Error in the Sciences”, Lorentz Center, Leiden University, October 24-28, 2011.
L.A. van Gunsteren. “A contribution to the solution of some specific ship propulsion problems - A reappraisal of momentum theory - “, Doctoral Thesis, Delft University of Technology, chapter 5, pages 81-98, 1973.
Downloads
Published
Issue
Section
License
Copyright (c) 2022 Leonard Anthonie van Gunsteren

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.