Risk Evolution and Simulation of Power Grid Project Cost Management: A System Dynamics and Life Cycle Theory approach

2020 ◽  
Author(s):  
Jie Jiao ◽  
Yiming Tang ◽  
Ying Du ◽  
Mingyong Wan ◽  
Yanan Tian ◽  
...  
Keyword(s):  
Life Cycle ◽  
System Dynamics ◽  
Cost Management ◽  
Power Grid ◽  
Theory Approach ◽  
Project Cost ◽  
Life Cycle Theory ◽  
Risk Evolution

scholarly journals Accounting for the Life Cycle Cost of Power Grid Projects by Employing a System Dynamics Technique: A Power Reform Perspective

2020 ◽  
Vol 12 (8) ◽  
pp. 3297
Author(s):  
Yongli Wang ◽  
Shanshan Song ◽  
Mingchen Gao ◽  
Jingyan Wang ◽  
Jinrong Zhu ◽  
...  
Keyword(s):  
Life Cycle ◽  
System Dynamics ◽  
Life Cycle Cost ◽  
Cost Management ◽  
Power Grid ◽  
Cost Accounting ◽  
Calculation Model ◽  
Cost Calculation ◽  
Key Factors ◽  
Transmission And Distribution

In the context of China’s electric power reform, issued in May 2019, the “Transmission and Distribution Pricing Supervision Measures” have changed asset accounting in grid enterprises and therefore affected cost accounting in grid projects. This paper proposes a dynamic cost calculation model based on system dynamics and takes a power grid company as an example. On this basis, a sensitivity analysis of power grid engineering was conducted to determine the impacts of key factors of power reform on life cycle cost (LCC). Finally, suggestions for cost accounting and cost management were proposed.

History of microfinance in Bangladesh: A life cycle theory approach

2017 ◽  
Vol 61 (4) ◽  
pp. 703-733 ◽  
Author(s):  
Md Aslam Mia ◽  
Hwok-Aun Lee ◽  
VGR Chandran ◽  
Rajah Rasiah ◽  
Mahfuzur Rahman
Keyword(s):  
Life Cycle ◽  
Theory Approach ◽  
Life Cycle Theory ◽  
History Of

scholarly journals Power grid technology economic evaluation system based on life cycle theory

2019 ◽  
Vol 237 (6) ◽  
pp. 062040
Author(s):  
Nan Xu ◽  
Ning Xu ◽  
Yan Song ◽  
Dongchao Wang ◽  
Yanqin Wang ◽  
...  
Keyword(s):  
Life Cycle ◽  
Economic Evaluation ◽  
Evaluation System ◽  
Power Grid ◽  
Grid Technology ◽  
Life Cycle Theory

Research on the System of the Construction Project Life Cycle Cost Risk Management

2011 ◽  
Vol 94-96 ◽  
pp. 2329-2332
Author(s):  
Hong Ping Wang ◽  
Yun Peng Hu
Keyword(s):  
Risk Management ◽  
Life Cycle ◽  
Life Cycle Cost ◽  
Cost Management ◽  
Risk Identification ◽  
Project Cost ◽  
Management Objectives ◽  
Project Life Cycle ◽  
Project Life ◽  
Cost Risk

Risk management is an important component of the project life cycle cost management and the project cost risk management system includes management objectives identification, risk factors analysis, risk identification, risk assessment, risk management and risk information feedback. The objectives of the project cost management can be successfully achieved through the life cycle cost risk management of various stages.

scholarly journals The Precise Estimation of Development Project Cost and its Life Cycle

2021 ◽  
pp. 5-16
Author(s):  
I. L. Vladimirova ◽  
Yu Yu. Kosareva ◽  
G. Yu. Kallaur ◽  
A. A. Tsygankova
Keyword(s):  
Life Cycle ◽  
Affordable Housing ◽  
Cost Estimation ◽  
Cost Management ◽  
Development Project ◽  
Life Cycles ◽  
Design Parameters ◽  
Project Cost ◽  
Precise Estimation ◽  
Project Life

Development plays a significant role in working out national projects in the field of house-building aimed at providing high-quality and affordable housing for the population of Russia. The key indicator for the development project is its cost, which affects both affordability for the population and finance and economic figures of the developer. Therefore, the system of cost management in the development company shall be formalized on the basis of design parameters, characterizing the project cost at all stages of the life cycle. The article proposes to use four interconnected indicators, the precise estimation of the project cost is assumed to be the principle one in the research. The authors worked out the model of development project cost management with due regard to stages of its life cycle, showed key events and relevant control points to assess precision, investigated and described methods of cost estimation at certain stages of the project life cycle (PLC). On the basis of real development projects they analyzed precision of cost estimation by stages of life cycle and plotted the graph ‘precision funnel’. The general positive dynamics in precise cost estimation was discovered, however the range of indicator incoherence would not allow us to adopt universal recommendations on its appraisal. The analysis showed the necessity to improve precision of cost estimation at early stages of project life cycles, which impacts the efficiency of the development project.

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