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Author: Esbjörn Segelod
Publisher: Cambridge University Press
ISBN: 1316800199
Category : Business & Economics
Languages : en
Pages : 273
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Book Description
Cost overrun is common in public and private sector projects. Costs tend to grow, plans fail and financial problems follow, but how can we approve the right projects if we cannot estimate their true cost? This book, for academics in project management, management accounting and corporate finance, as well as for managers in the public and private sectors, offers a new way of thinking about the causes and consequences of cost overrun for firms and society. It demonstrates that there is a logic behind cost growth and overrun, identifies projects and situations that are more vulnerable, and examines the effects of increased costs. It further identifies the negative and positive consequences of cost overrun, analyses how and why preconditions for cost overrun differ when the logic governing private firms dominates versus the logic of the political sector, and explains why cost can sometimes be of lesser importance to decision makers.
Author: Esbjörn Segelod
Publisher: Cambridge University Press
ISBN: 1316800199
Category : Business & Economics
Languages : en
Pages : 273
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Book Description
Cost overrun is common in public and private sector projects. Costs tend to grow, plans fail and financial problems follow, but how can we approve the right projects if we cannot estimate their true cost? This book, for academics in project management, management accounting and corporate finance, as well as for managers in the public and private sectors, offers a new way of thinking about the causes and consequences of cost overrun for firms and society. It demonstrates that there is a logic behind cost growth and overrun, identifies projects and situations that are more vulnerable, and examines the effects of increased costs. It further identifies the negative and positive consequences of cost overrun, analyses how and why preconditions for cost overrun differ when the logic governing private firms dominates versus the logic of the political sector, and explains why cost can sometimes be of lesser importance to decision makers.
Author: Genia Kostka
Publisher: Springer
ISBN: 3319292331
Category : Social Science
Languages : en
Pages : 218
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Book Description
This book presents an analysis of why some large infrastructure projects are delayed or compromised and offers important insights into the better delivery of future projects. It provides an important reaction to the ambitious €315 billion investment plan devised by the European Commission, wherein Europe's infrastructure is a key investment target. Germany is adopted as a focus, as Europe's largest economy, and a nation that has seen significant delays and tensions in the delivery of key infrastructure projects. The contributions to this volume demonstrate various patterns for infrastructure assets and illustrate how factors such as poor project governance, early planning mistakes, inappropriate risk management and unforeseen technological challenges influence delivery. The in-depth case studies on the Berlin Brandenburg Airport, the Hamburg Elbphilharmonie, and offshore wind parks show how project delivery can face massive problems, and illuminating solutions are offered to these problems. Overall, the case of Germany also offers the opportunity to assess various new forms of project delivery, such as public-private partnerships (PPP), and the risks and opportunities of ambitious first-mover 'pioneer' projects. The book will be of great interest for scholars and upper-level students of human geography, business and management, as well as policy makers.
Author: Charles I. Budd PMP
Publisher: Berrett-Koehler Publishers
ISBN: 1567263372
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
The Best Resource on Earned Value Management Just Got Better! This completely revised and updated guide to earned value (EV) project management is the go-to choice for both corporate and government professionals. A Practical Guide to Earned Value Project Management, Second Edition, first offers a general overview of basic project management best practices and then delves into detailed information on EV metrics and criteria, EV reporting mechanisms, and the 32 criteria of earned value management systems (EVMS) promulgated by the American National Standards Institute and the Electronic Industries Alliance and adopted by the Department of Defense. This second edition includes new material on: • EV metrics • Implementing EVMS • Government contracts • Time-based earned schedule metrics • Critical chain methodologies
Author: Project Management Institute
Publisher:
ISBN: 9781930699427
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
The Practice Standard for Earned Value Management expands on the earned value information in A Guide to the Project Management Body fo Knowledge (PMBOK Guide) - Third Edition. EVM is often referred to as "management with the lights on" because it helps objectively and succincly identify where a project is where it is going. The methodology incorporates project scope, schedule and costs, and the process is applicable across many Knowledge Areas and Process Groups.
Author: E. M. Bennatan
Publisher: Pearson Education
ISBN: 0132702355
Category : Computers
Languages : en
Pages : 393
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Book Description
“There are many books available on software risks and software failures. There are very few books that provide step-by-step information on getting troubled software projects back on track. This book provides detailed guidelines for software project recovery. Some of the steps the author recommends may be unpleasant, but all are important.” —Capers Jones, chief scientist emeritus at Software Productivity Research LLC “This is a well-conceived, well-written, interesting book about an important topic. The author is right in saying that no one else has covered this particular facet of project failure.” —Robert L. Glass, publisher of the Software Practitioner A 10-STEP PROCESS TO IDENTIFY SEVERELY TROUBLED PROJECTS AND AVOID COSTLY FAILURE It’s a software development nightmare: a project that’s rapidly spiraling out of control...or already a disaster. Conventional project management techniques won’t save these projects: there are no standard rescue processes to follow. You need something radically different: Catastrophe Disentanglement. Drawing on in-depth data from hundreds of development organizations, E.M. Bennatan presents a proven, 10-step program for rescuing any project that’s worth saving. You’ll find specific guidance for addressing massive budget overruns, schedule slippage, poor quality—or all three at once. Using practical examples drawn from decades of hands-on experience as a software development leader and consultant, Bennatan shows how to Evaluate where your project really stands Align your project’s developers, managers, and customers Defi ne the minimum acceptable project goals that are achievable Replan your project to successfully deliver the new minimum goals Identify risks in your revised project and create effective contingency plans Install an “early warning system” to keep your rescued project from slipping back toward catastrophe Catastrophe Disentanglement is an effective, comprehensive approach to software project rescue. Whenever projects are in trouble—whether you are a senior manager, project manager, team member, or software customer—this book could save your career. Preface xi Chapter 1 An Introduction to Catastrophe Disentanglement 1 Chapter 2 When Is a Project a Catastrophe? 15 Chapter 3 Step 1–Stop 43 Chapter 4 Step 2–Assign an Evaluator 57 Chapter 5 Step 3–Evaluate the Project 73 Chapter 6 Step 4–Evaluate the Team 95 Chapter 7 Step 5–Define Minimum Goals 113 Chapter 8 Step 6–Can Minimum Goals Be Achieved? 133 Chapter 9 Step 7–Rebuild the Team 147 Chapter 10 Step 8–Risk Analysis 169 Chapter 11 Step 9–Revise the Plan 189 Chapter 12 Step 10–Create an Early Warning System 209 Chapter 13 Epilogue: Putting the Final Pieces in Place 233 References 245 Glossary 255 About the Author 257 Index 259 © Copyright Pearson Education. All rights reserved.
Author: Joseph Eli Kasser
Publisher: CRC Press
ISBN: 0429667469
Category : Technology & Engineering
Languages : en
Pages : 435
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Book Description
This book applies systems thinking to treat project management in a systemic and systematic manner from a problem-solving perspective. Considering the project as a system, the book discusses traditional project planning and organizing, as well as some neglected aspects of the project, namely how to prevent cost and schedule escalation, how to deal with change, recognize problems in time to prevent project failure and what to do when things go wrong during the implementation states of a project. This book provides you with a better understanding of the systems approach to problem-solving and project management that will enable you to be more successful at managing projects. Features Treats projects as systems Presents project management as a problem-solving paradigm Discusses how to incorporate prevention into planning and how to show the value Describes what to do and how to cope with unanticipated problems that arise during the project implementation state Introduces new tools and techniques
Author: Bent Flyvbjerg
Publisher: World Bank Publications
ISBN:
Category : Economic development projects
Languages : en
Pages : 32
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Book Description
Abstract: "This paper focuses on problems and their causes and cures in policy and planning for large infrastructure projects. First, it identifies as the main problem in major infrastructure development pervasive misinformation about the costs, benefits, and risks involved. A consequence of misinformation is massive cost overruns, benefit shortfalls, and waste. Second, the paper explores the causes of misinformation and finds that political-economic explanations best account for the available evidence: planners and promoters deliberately misrepresent costs, benefits, and risks in order to increase the likelihood that it is their projects, and not the competition's, that gain approval and funding. This results in the "survival of the unfittest," where often it is not the best projects that are built, but the most misrepresented ones. Finally, the paper presents measures for reforming policy and planning for large infrastructure projects, with a focus on better planning methods and changed governance structures, the latter being more important."--World Bank web site.
Author: United States. Congress. House. Committee on Government Operations. Environment, Energy, and Natural Resources Subcommittee
Publisher:
ISBN:
Category : Beach erosion
Languages : en
Pages : 192
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Book Description
Author: Roger Warburton
Publisher: Lulu.com
ISBN: 0999332023
Category : Business & Economics
Languages : en
Pages : 558
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Book Description
The Art & Science of Project Management. This is the third edition, which is updated for the PMBOK 6th edition. Master project management with this book from authors experienced in practice, teaching, and research. You will learn: the foundations of Project Management, explained with dozens of examples; what works and what doesn't; and how the latest research applies to your project. This Third Edition: Covers Projects and their Environment; Programs, Portfolios, and Project Selection; and the Project Manager. This third edition: covers the essential Technical, Behavioral, Business and Strategic Skills; includes a new section on Agile Project Management; includes the case of a mobile app following the scrum framework; and includes several worked projects and a visual tutorial for Microsoft Project(R).
Author: Barry Leonard
Publisher: DIANE Publishing
ISBN: 1437932533
Category : Technology & Engineering
Languages : en
Pages : 52
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Book Description
The Central Artery/Tunnel (CA/T) Project in Boston, MA, is the largest federally funded public works project in recent history, involving the reconstruction of I-93 and the extension of I-90. The CA/T Project is approx, 7.5 miles long and includes approx. 160 lane-miles of new and reconstructed highway. The majority of the CA/T Project is below ground. More Fed. funding ¿ $5.8 billion and growing ¿ has been allocated to the CA/T Project than to any other construction project of its kind. Contents of this review conducted in 2000: Objectives: Assess the Oversight Process; Review the Management Structure; Validate the $1.4 Billion Potential Cost Overrun; Identify Potential New Cost Indicators; Identify Potential Cost Saving Measures. Charts and tables.
