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Download PDF by Prof. L. Valadares Tavares (auth.): Advanced Models for Project Management

By Prof. L. Valadares Tavares (auth.)

ISBN-10: 144198626X

ISBN-13: 9781441986269

ISBN-10: 1461346495

ISBN-13: 9781461346494

More than 40 years have handed because the early makes an attempt to version tasks. a wide area of theoretical advancements has grown generating a excessive variety of analytical and numerical effects, however it turns out that the most version remains to be an identical: the concept that of venture community. this idea has come to symbolize the 2 significant positive factors underlying the idea of a undertaking: the sequential and the aggressive nature of its parts, the project's actions. really, the sequential estate defines the constitution of the undertaking and the aggressive nature stems from using universal assets (facilities, items, gear, administration, etc.) to hold out the several actions. although, major advances were completed in venture modelling, permitting the creation of even more strong effects: A. the idea that of priority and the outline of actions has been generalized to provide a variety of reasonable illustration of tasks. B. the stochastic learn of the positive aspects of initiatives corresponding to the period and price in their actions is performed through a number of analytical and numerical versions, permitting experimental and forecasting analyses. C. the allocation of assets should be now studied for extra advanced events and regulations. D. the monetary description of initiatives is extra safely studied and its optimization is punctiliously pursued. E. the evaluate and the overview of initiatives now should be studied in the framework of multicriteria selection conception contemplating a number of views and helping the undertaking supervisor to choose the main applicable compromises among danger, time and anticipated gains.

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Example text

The concept of path can be quite useful to study several properties or functions and it can be easily defined by any sequence, L. • M-l which means that there is a direct precedence link from activity Am to activity Am+ I. The acyclicity property means that no path can be constmcted with AI = AM and it can be checked by several procedures. One of them was suggested by Elmaghraby, 1977 and it is based on the so-called Adjacency Matrix {Aij }. with i,j=l, ... , Nand: A .. = IJ {I if there is a direct precedence link between i and j 0 otherwise This matrix should have at least one line of zeros (initial activity) and at least one column of zeros (final activity).

For which NPV ~ O. b) T r - Return period which is defined by the minimal period, H, for which NPV20. Basic models for project management c) RPB RPB = H jH t~oB(t)ft t~oC(t)ft. Relative present 39 benefit which is defined by: NPV d) RNPV - Relative net present value which is defined by: RNPV = H . l:C(t)f t t=O All these indicators are very sensitive to the selection of a. which can be defined in terms of the value generated by one unit of capital allocated during one year on the best alternative project if this capital is owned by the owner of the project.

H represents the average number of precedent activities for each activity of the project network.

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Advanced Models for Project Management by Prof. L. Valadares Tavares (auth.)


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