scholarly journals Project Management for Computer-Based Training Development

1986 ◽  
Author(s):  
Richard A. Schwier
Keyword(s):  
Project Management ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Project Managers ◽  
Computer Based Training ◽  
Training Development ◽  
Computer Based ◽  
Novel Interactions ◽  
Management Approaches

This article deals with the management of instructional development projects for computer-based training (CBT), and is primarily aimed at project managers working with a team of instructional developers for a corporate client. Two issues are discussed: a) estimating the size of a CBT project, and b) performing a cost-benefit analysis. These issues are important for projecting costs, tracking performance and justifying development expenditures.This is a fictionalized case study. The methodology, examples, concepts and estimates are composite sketches drawn from several projects, based upon the author's experiences while working as a CBT project manager. Actual figures and clients have been intentionally obscured to protect the proprietary rights of all parties involved.The reader should be cautioned that the article presents only one approach to project development and estimation. Wholesale application of the approach described is not recommended, as every project will introduce novel interactions of resources and variables which mandate different treatment. Still, it is hoped that the reader will draw upon the ideas presented to refine project management approaches already used.

scholarly journals Project Management for Computer-Based Training Development

2017 ◽  
Vol 15 (3) ◽  
Author(s):  
Richard A. Schwier
Keyword(s):  
Project Management ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Project Managers ◽  
Computer Based Training ◽  
Training Development ◽  
Computer Based ◽  
Novel Interactions ◽  
Management Approaches

This article deals with the management of instructional developmentprojects for computer-based training (CBT), and is primarily aimed at project managers working with a team of instructional developers for a corporate client. Two issues are discussed: a) estimating the size of a CBT project, and b) performing a cost-benefit analysis. These issues are important for projecting costs, tracking performance and justifying development expenditures.This is a fictionalized case study. The methodology, examples, concepts and estimates are composite sketches drawn from several projects, based upon the author's experiences while working as a CBT project manager. Actual figures and clients have been intentionally obscured to protect the proprietary rights of all parties involved.The reader should be cautioned that the article presents only one approach to project development and estimation. Wholesale application of the approach described is not recommended, as every project will introduce novel interactions of resources and variables which mandate different treatment. Still, it is hoped that the reader will draw upon the ideas presented to refine project management approaches already used.

scholarly journals A cost-benefit analysis of document management strategies used at a financial institution in Zimbabwe: A case study

2013 ◽  
Vol 15 (2) ◽  
Author(s):  
Rodreck David ◽  
Patrick Ngulube ◽  
Adock Dube
Keyword(s):  
Cost Benefit Analysis ◽  
Financial Institution ◽  
Management Strategies ◽  
Cost Benefit ◽  
Document Management ◽  
Management Approach ◽  
Research Approach ◽  
Benefit Analysis ◽  
Management Approaches

Background: Choosing a cost-effective document management approach has become a priority to many organisations, especially in view of the rapidly changing technological environment in which information is being created and managed. A literature survey indicated that document management strategies have the potential to provide some substantial cost-saving benefits if they are used judiciously.Objectives: This study investigated a commercial bank’s document management approaches in a bid to ascertain the costs and benefits of each strategy and related issues.Method: A quantitative research approach was employed through a case study which was used to gather data from a sampled population in the bank.Results: The document management approaches used were not coordinated to improve operational efficiency. There were regulations governing documents management. The skills and competences of staff on both document management and cost analysis are limited. That is partly due to limited training opportunities availed to them. That means that economies are not achieved in the management of records. That has a negative impact on the overall efficiency, effectiveness and legal compliance of the banking institution.Conclusion: The financial institutions should create regulations enabling periodical cost-benefit analysis of document management regimes used by the bank at least at quarterly intervals as recommended by the National Archives of Australia. A hybrid approach in managing records is recommended for adoption by the financial institution. There should be on-the-job staff training complimented by attendance at relevant workshops and seminars to improve the staff’s understanding of both the cost-benefit analysis concept and document management.

scholarly journals The ALARP Principle in the Cost-Benefit Analysis for the Acceptability of Investment Risk

2018 ◽  
Vol 10 (12) ◽  
pp. 4668 ◽  
Author(s):  
Antonio Nesticò ◽  
Shuquan He ◽  
Gianluigi De Mare ◽  
Renato Benintendi ◽  
Gabriella Maselli
Keyword(s):  
Cost Benefit Analysis ◽  
Risk Mitigation ◽  
Cost Benefit ◽  
Economic Evaluations ◽  
Investment Risk ◽  
Benefit Analysis ◽  
Mitigation Design ◽  
The Cost

The process of allocating financial resources is extremely complex—both because the selection of investments depends on multiple, and interrelated, variables, and constraints that limit the eligibility domain of the solutions, and because the feasibility of projects is influenced by risk factors. In this sense, it is essential to develop economic evaluations on a probabilistic basis. Nevertheless, for the civil engineering sector, the literature emphasizes the centrality of risk management, in order to establish interventions for risk mitigation. On the other hand, few methodologies are available to systematically compare ante and post mitigation design risk, along with the verification of the economic convenience of these actions. The aim of the paper is to demonstrate how these limits can be at least partially overcome by integrating, in the traditional Cost-Benefit Analysis schemes, the As Low as Reasonably Practicable (ALARP) logic. According to it, the risk is tolerable only if it is impossible to reduce it further or if the costs to mitigate it are disproportionate to the benefits obtainable. The research outlines the phases of an innovative protocol for managing investment risks. On the basis of a case study dealing with a project for the recovery and transformation of an ancient medieval village into a widespread-hotel, the novelty of the model consists of the characterization of acceptability and tolerability thresholds of the investment risk, as well as its ability to guarantee the triangular balance between risks, costs and benefits deriving from mitigation options.

Allocation of Environmental Remediation Funds Using Economic Risk-Cost-Benefit Analysis: A Case Study

1996 ◽  
Vol 16 (4) ◽  
pp. 95-105 ◽  
Author(s):  
Bruce R. James ◽  
Dale D. Huff ◽  
John R. Trabalka ◽  
Richard H. Ketelle ◽  
Craig T. Rightmire
Keyword(s):  
Environmental Remediation ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Economic Risk ◽  
Risk Cost

We Never Built Small Modular Reactors (SMRs), but What Do We Know About Modularization in Construction?

2018 ◽  
Author(s):  
Benito Mignacca ◽  
Giorgio Locatelli ◽  
Mahmoud Alaassar ◽  
Diletta Colette Invernizzi
Keyword(s):  
Nuclear Power ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Project Managers ◽  
Schedule Compression ◽  
Small Modular Reactors ◽  
Key Characteristics ◽  
Additional Costs ◽  
Structured Knowledge ◽  
The Cost

The key characteristics of small modular reactors (SMRs), as their name emphasized, are their size and modularity. Since SMRs are a family of novel reactor designs, there is a gap of empirical knowledge about the cost/benefit analysis of modularization. Conversely, in other sectors (e.g. Oil & Gas) the empirical experience on modularization is much greater. This paper provides a structured knowledge transfer from the general literature (i.e. other major infrastructure) and the Oil & Gas sector to the nuclear power plant construction world. Indeed, in the project management literature, a number of references discuss the costs and benefits determined by the transition from the stick-built construction to modularization, and the main benefits presented in the literature are the reduction of the construction cost and the schedule compression. Additional costs might arise from an increased management hurdle and higher transportation expenses. The paper firstly provides a structured literature review of the benefits and costs of modularization divided into qualitative and quantitative references. In the second part, the paper presents the results of series of interviews with Oil & Gas project managers about the value of modularization in this sector.

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