Implication of Budgeting on Contemporary Project Management

It is the total sum of money allocated for the specific project for a specific period of time. The goal of the project budget is to cost control. The objective of this chapter is to give the implication of budgeting on contemporary project management. The main focus of this chapter is to discuss the introduction, history, agile approach, etc. It has a direct impact on the company's financial feasibility. The research would discuss the approaches for the projects budget estimation and various steps for cost control. There are two types of reserves against risks: one is the contingency reserve for identified risk, and the other is the management reserve for unidentified risks. The project manager needs to be aware of existing resources acquisition policies, guidelines, and procedures. The author discusses the procedures for project budgeting and methods for evaluation of project budgeting.

Implications of Economic Decision-Making to the Project Manager - An Investigative Report

Decision-making is required frequently from a project manager. Therefore, this study investigates the fundamentals of economic decision-making, beneficial project manager characteristics, methods that help the project manager’s decision-making, and when economic decision-making should be applied. It was found that internal and external factors influence economic decision-making for a project manager. Also, it was established that economic decision-making should be implemented throughout the duration of the project. When there is not enough data to support economic estimation methods and no time to improve the method, then the project manager must use his/her experience to make a decision.

A new hybrid method for selecting the best project manager: TODIM-FSE and Behavioral TOPSIS

This work aims to present the application of Multi-Criteria Decision-Making methods to the process of recruiting candidates for the position of project manager, considering aspects of the decision maker's preferences in uncertain and risk scenarios. Applied, descriptive and experimental, made up of the combined employment TODIM-FSE methods for multi-criteria classification of available candidates, and the method Behavioral TOPSIS, to choose the ideal project manager. The hybrid application of the Multi-Criteria Decision-Making methods TODIM-FSE, method based on Prospect Theory, and Behavioral TOPSIS, which considers the concept of loss aversion of Economic Behavior, is essentially innovative. When using TODIM-FSE and Behavioral TOPSIS, it was verified the explicit incorporation of the risk profile of the decision maker - aggressive, neutral, or conservative - in the context of aversion or propensity to the risks associated with the management of a project. Through the personal recruiting process from a large Brazilian organization, the possibility of adopting the hybrid model resulting from the combination of the two methods in a real situation was validated. Such validation allowed us to conclude that the candidates' classifications and choices, previously normally accepted, were at odds with the profile and risk propensity of the decision makers.

Devising an individually oriented method for selection of scientific activity subjects for implementing scientific projects based on scientometric analysis

The main factors influencing the choice of individual subjects of the scientific activity or potential partners and executors for scientific and educational projects were analyzed. The specific features of choosing project executors of different categories were indicated. The functional responsibilities of project participants in accordance with the project structure were described. The individually oriented method for choosing subjects of scientific activity as executors of scientific and educational projects was developed, taking into account the productivity of their scientific activities in the past and considering the structure of projects. To determine the merits of the subjects of scientific activity, which are included in the relevant scientific subject spaces, it is necessary to apply the procedure of their productivity assessment. In addition, it is necessary to predict a change in productivity in the future based on retrospective data for this subject. Next, it is required to solve the multi-criteria problem of the choice among the subjects of scientific activity who are quite productive in the opinion of the project manager. The use of the developed method reduces the subjective impact on making a decision regarding the choice of project executors. This is due to the fact that they are chosen by automated calculation of scientometric indicators of subjects, guided only by open sources of information. The individually oriented method for the selection of subjects of scientific activity was verified on the example of the formation of three applications of research projects. As a result, the average percentage of scientists who meet the requirements of project managers for each scientific subject space was about 46.55 %. The percentage of those involved in the project from those who were selected is about 24.07 %. The probability of cooperation is higher among those who have an average H-index.

Documenting the Interactive Effects of Project Manager and Team-Level Communication Behaviors in Integrated Project Delivery Teams

This study examines the influence of project managers’ communication behaviors in integrated project delivery (IPD) projects. This study also considers the impact of team-level information sharing on team-level outcomes (i.e., goal alignment, decision quality, process commitment, and project quality). Results indicate that team information sharing was perceived as beneficial, but the effects of project manager communication behaviors were inconsistent. Interaction analyses indicated that project managers’ communication behaviors hindered team functioning if teams were already engaging in adequate levels of information sharing. This manuscript contributes to the project management corpus by explicating an integrative model whereby project manager and team-level information-sharing behaviors are modeled simultaneously.

The role of project managers’ attributes in project sustainability management and project performance under China-Pakistan economic corridor

Purpose Steered by upper echelon theory, this study aims to scrutinize the prevalence of project manager demographic factors (age, education and experience) in project sustainability management and project performance. Design/methodology/approach We used a sample of 209 project managers/supervisor/team leaders who were working in the projects of the China-Pakistan Economic Corridor (CPEC). Findings The results indicate that project manager demographic factors have a significant influence on project performance (except experience) and project sustainability management. Moreover, project sustainability management partially mediates the relationship between age, education and project performance while it fully mediates the path between experience and project performance. Practical implications The research recommends senior, high educated and experienced managers for CPEC who promote sustainability and gain high project performance. Originality/value A number of studies have been carried out to assess the relationship between top managers’ attributes and environmental activities. However, so far, none of the studies has paid attention to the CPEC and projects working in Pakistan.

Identifying The Factors Affecting The Performance Of Construction Projects In Wolaita Zone-Ethiopia

Performance indicators of construction project are used to measure overall performance in construction projects. These indicators can then be used for benchmarking purposes, and will be a key element of any organization’s move towards attaining quality practice in order to overcome performance problem. The results of a questionnaire survey done to determine factors affecting the performance of construction projects in Ethiopia’s Wolaita zone are presented in this paper. Personnel from consultants, owners, and contractors involved in construction projects were among the survey’s respondents. The outcome of the study outlines Availability of personnel with high experience and qualification, Availability of resources as planned through project duration, Average delay because of closures and materials shortage, Conformance to specification and Leadership skills for project manager as the top ranked key factors that affect performance of construction project.

A new interactive gazetteer of Perczel’s globe

As a result of the Perczel Project outlined by Mátyás Márton in 2007 at the Department of Cartography and Geoinformatics of Eötvös Loránd University (ELTE), the complete digital restoration and then reconstruction of the 127.5 cm diameter manuscript globe was completed in 2019. The final cartographic completion of the ongoing task at the department by 2013 – led by Mátyás Márton, the project manager, who carried out this work with the help of Judit Paksi –, which included the work of many lecturers and students, aimed at saving the globe.Using this augmented digital processing, it was also possible to create three artistic copies of Perczel’s globe, which was originally made in 1862. This unique work of art, which has suffered irreparable damage due to the ordeals of the 20th century, is of great cultural value and also very important for our cartographic heritage, has been reborn.Following the digital reconstruction, there was a good opportunity to revive another related project. The website, “The interactive gazetteer of Perczel’s globe”, which was born as a result of the work of Zsuzsanna Ungvári and Tibor Tokai earlier, was also created with a new, expanded content. The present study presents the antecedents of gazetteer creation and describes the most important steps of current processing.

The Improvement Factors of Leadership Skills among Project Managers in Pre-Construction Phase of Sustainable Construction Projects

Leadership skills are required in any area, including the construction industry. Compared to conventional construction projects, the obstacles of practising leadership skills are more significant in sustainable construction projects. In the context of managing a project, a project manager is accountable for overseeing the project from the pre-construction phase to the post-construction phase. Nevertheless, project managers often encountered utmost difficulties in sustainable construction projects during the pre-construction phase. Despite that, improving leadership skills would emerge to boost project manager performance in managing sustainable construction projects. Thus, this paper aims to determine the improvement factors of leadership skills among project managers in the pre-construction phase of sustainable construction projects. A questionnaire survey was developed with 44 improvement factors of leadership skills among project managers in the pre-construction phase of sustainable construction projects, in which 153 experienced project managers in sustainable construction projects in Malaysia responded. Data were analysed using normality test, exploratory factor analysis (EFA) and reliability analysis via IBM SPSS version 24 software. The finding reveals that all improvement factors were significant to improve leadership skills among project managers in the pre-construction phase of sustainable construction projects. Hence, this paper's findings would assist project managers in grasping the improvement factors that can improve their leadership skills, particularly in sustainable construction projects.