Total Project Management: An Integrated Approach to the Management of Capital Investment Projects

1982 ◽  
Vol 196 (1) ◽  
pp. 337-346
Author(s):  
H Darnell ◽  
M W Dale
Keyword(s):  
Project Management ◽  
Learning Process ◽  
Capital Investment ◽  
Integrated Approach ◽  
Investment Analysis ◽  
Investment Projects ◽  
Knowledge Based ◽  
The Uk ◽  
Substandard Performance ◽  
Total Project

Substandard performance and failure to meet objectives in capital investment has been a major contribution to the catastrophic decline in the profitability of industry in the UK. The structure of a project is described and the differences between a project and ongoing operations are discussed. An approach to capital investment analysis is described which is based on rate of cashflow and which relates closely to the actual events that occur. The nature and character of the risks involved are examined and a variety of problems discussed. The inevitability of the learning process is pointed out together with the benefits of structuring this learning. Some of the human and organizational imperatives required for success are defined and the need for a knowledge-based approach to the main project disciplines is advocated. These disciplines are outlined together with some discussion of their inter-relations. The operational techniques which ensure a total, and avoid a fragmented, approach to managing a project are briefly described and the importance of top management involvement is emphasized. By taking the steps advocated in the paper the risks inherent in capital investment projects can be reduced to an acceptable level.

USING PROJECT MANAGEMENT TOOLS TO IMPROVE THE EFFICIENCY OF INVESTMENT PROJECTS IN CONSTRUCTION

2021 ◽  
Vol 14 (1) ◽  
pp. 83-88
Author(s):  
Svetlana Mikhailovna SYCHEVA ◽  
◽  
Elena Yury’evna KUZMINA ◽  
Keyword(s):  
Project Management ◽  
Construction Industry ◽  
Integrated Approach ◽  
Construction Sector ◽  
Management Tools ◽  
Investment Projects ◽  
Key Characteristics ◽  
Project Costs ◽  
Team Project ◽  
Key Indicators

The article discusses the features of the implementation of investment projects in the construction industry, the main trends in project management in this area. The importance of the construction industry for the country’s economy is substantiated, the key indicators of the construction sector and its contribution to GDP are highlighted. The analysis of the development of the construction industry for the period from 2009 to 2020 is carried out. The reasons for the decrease in investment in construction are identified, among them the most important ones are highlighted. In the article discusses the key characteristics of the construction industry in our country. The conclusion is made about the need for a systematic and integrated approach to the management of investment projects. The authors propose to use the tools of project management to improve the efficiency of the implementation of investment projects. The main tools of project management (tools for defragmentation of work, tools for managing the time in the project, tools for managing resources for project implementation, tools for managing project costs) are named and examples of their use are given. The concepts of «team», «project management team», «matrix of responsibility» are considered.

The relationship between project management and company�s strategy: assessment of the project portfolio management influ

10.12737/101 ◽  
2012 ◽  
Vol 1 (1) ◽  
pp. 0-0 ◽  
Author(s):  
������ ◽  
Valeriy Anshin ◽  
���������� ◽  
Evgeniya Kostinskaya
Keyword(s):  
Project Management ◽  
Portfolio Management ◽  
Methodological Approach ◽  
Investment Analysis ◽  
Project Portfolio ◽  
Project Portfolio Management ◽  
Investment Projects ◽  
Fundamental Value ◽  
The Impact ◽  
The Relationship

In order to analyze and assess the impact of investment projects performance on company�s effectiveness, development and fundamental value, it�s essential to assess the projects that are grouped by particular similar characteristics. The purpose of this paper is to suggest the possible methodological approach for assessment of the impact of the project portfolio on the company�s effectiveness. The paper covers the essential stages of integral investment analysis of project portfolio.

Real options in business valuation and investment

2018 ◽  
Author(s):  
Андрей Гусев ◽  
Andrey Gusev
Keyword(s):  
Graduate Students ◽  
Real Options ◽  
Scientific Publication ◽  
Investment Analysis ◽  
Investment Activity ◽  
Business Valuation ◽  
Investment Projects ◽  
University Teachers ◽  
Specific Calculations

In the presented monograph discusses the major problems associated with the development of methods of investment analysis and application of real options method in the assessment of efficiency of investment projects and valuation of enterprise (business). Disclosed the content of the basic models of evaluation of real options, a classification of real options, the theoretical principles supported by specific calculations. Scientific publication intended for graduate students, University teachers, scientific employees, specializing in the field of management of investment activity of enterprises and business valuation.

scholarly journals Sustainability in Construction Projects: A Systematic Literature Review

2021 ◽  
Vol 13 (4) ◽  
pp. 1932 ◽  
Author(s):  
Reza Kiani Mavi ◽  
Denise Gengatharen ◽  
Neda Kiani Mavi ◽  
Richard Hughes ◽  
Alistair Campbell ◽  
...  
Keyword(s):  
Project Management ◽  
Structural Equation ◽  
Construction Projects ◽  
Feasibility Studies ◽  
Integrated Approach ◽  
Sustainable Construction ◽  
Fuzzy Decision Making ◽  
Eigenvector Centrality ◽  
Mathematical Techniques ◽  
New Research

This paper aims to identify the major research concepts studied in the literature of sustainability in construction projects. Two bibliometric analysis tools—(a) BibExcel and (b) Gephi, were used to analyze the bibliometrics indices of papers and visualize their interrelations as a network, respectively. Therefore, a research focus parallelship network (RFPN) analysis and keyword co-occurrence network (KCON) analysis were performed to uncover the primary research themes. The RFPN analysis clustered the studies into three major categories of evaluating sustainability, project management for sustainability, and drivers of sustainable construction. The KCON analysis revealed that while each paper had a different focus, the underlying concept of all clusters was sustainability, construction, and project management. We found that while ‘sustainability’ was the leading keyword in the first cluster, i.e., evaluating sustainability, it was the second top keyword with the eigenvector centrality of over 0.94 in the other two clusters. We also found that the concept of sustainability should be included in construction projects from the early stages of design and feasibility studies and must be monitored throughout the project life. This review showed that previous researchers used a variety of statistical and mathematical techniques such as structural equation modelling and fuzzy decision-making methods to study sustainability in construction projects. Using an integrated approach to identifying the research gaps in this area, this paper provides researchers with insights on how to frame new research to study sustainability in construction projects.

Longitudinal evaluation of efficiency in a petrochemical company

2017 ◽  
Vol 24 (7) ◽  
pp. 1786-1813 ◽  
Author(s):  
Charles Von Gilsa ◽  
Daniel Pacheco Lacerda ◽  
Luis Felipe Riehs Camargo ◽  
Iberê Guarani Souza ◽  
Ricardo Augusto Cassel
Keyword(s):  
Learning Process ◽  
Statistical Significance ◽  
Malmquist Index ◽  
Internal Reference ◽  
Content Type ◽  
Internal Resources ◽  
Investment Projects ◽  
Actual Change ◽  
Petrochemical Company ◽  
Efficiency And Productivity

Purpose The purpose of this paper is to longitudinally assess the technical efficiency and productivity, considering investment projects and technological change, in a second-generation petrochemical company. Design/methodology/approach The study uses data envelopment analysis (DEA) together with the Malmquist index to measure efficiency during the analysis periods. The working method consists of four main phases, namely development of the conceptual model, construction of the mathematical model, application of model to the case, and analysis of the results. The study utilizes a quantitative approach with descriptive goals seeking to evaluate the impacts of technical changes on the operational efficiency and productivity of the production process. Findings The use of DEA associated with the Malmquist index proved to be viable for analyzing a single company and identifying efficiency improvements, as well as the impacts of the learning process and the implementation of improvement projects. However, the results of the improvement projects and learning process were not representative and had no statistical significance on the actual change in efficiency of the company during the periods analyzed. For the case in question, the learning process and continuous improvement were not observed during all study periods. Practical implications The proposition that the improvement projects and investments implemented increased the efficiency of the company was rejected. Hence, with this work, it was possible to determine that the company unnecessarily invested resources in projects to increase efficiency. Furthermore, the company could have explored more internal resources before making significant investments in increased efficiency. Originality/value As for the value of this research in the theoretical and academic scope, this paper advances knowledge on the application of DEA because it proposes to establish an internal reference benchmarking for comparison. The literature contains few studies that analyze organizations using continuous processes, such as petrochemical processes, in longitudinal studies as a function of time, especially with the use of DEA.

scholarly journals The dogs bark and the circus moves on

2015 ◽  
Vol 28 (1/2) ◽  
pp. 7-18
Author(s):  
John D Robinson
Keyword(s):  
Digital Library ◽  
Capital Investment ◽  
Service Providers ◽  
Cloud Services ◽  
Bottom Line ◽  
Content Type ◽  
Full Responsibility ◽  
Managed Services ◽  
Library Function ◽  
The Uk

Purpose – The paper aims to set out challenges that libraries face while developing their Digital Library capabilities and capacity and propose an approach to estimating the costs for these functions. There is a skills challenge as well as an organisational challenge. The opportunities to build new teams or re-train existing staff are discussed. Design/methodology/approach – The approach builds on a 2008 paper about Digital Library economics and discusses the changes in the environment since then. A model is described in which a library takes on the full responsibility for building and operating a Digital Library function in-house. This is used to benchmark other options such as managed services, outsourced infrastructure and “cloud” services. Findings – The Open Access Publication and Research Data Management mandates present challenges to all libraries based in academic institutions in the UK. New working methods and new costs are unavoidable. There are a number of ways to deal with this depending upon the institutional circumstance. The bottom line can be increases in revenue budgets of around 10 per cent with variable requirements for capital investment. Originality/value – Libraries and librarians have different experiences in closely working with colleagues in information technology (IT). A number of propositions are presented about the value of cooperation and collaboration between library and IT and also with external partners and service providers.

Integration in the Learning Process

2021 ◽  
Vol 23 (4) ◽  
pp. 390-398
Author(s):  
Neli Borcheva ◽  
Keyword(s):  
Learning Process ◽  
Integrated Approach ◽  
Process Orientation ◽  
Good Practices ◽  
Practical Orientation ◽  
Innovative Schools ◽  
Modern Learning ◽  
E Learning

The article deals with the issue related to the use of the integrated approach and the integrated cross-curricular interaction in education. It focuses on its advantages for conducting a modern learning process, orientation to specific results and practical orientation of training. Issues of e-learning are addressed. Experiences and good practices of innovative schools in the implementation of integrated cross-curricular interaction are shared.

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