Risk management in the project management system

The article reveals the impact of risks on the implementation of projects of various directions. The mechanism of identifying and managing risks in the project management system is considered in order to make effective management decisions and bring the actual indicators of time, resources and quality to the planned values. The paper uses the SWOT analysis method, which allows strategic planning based on the study of external and internal environment conditions, followed by the formation of four groups: strengths and weaknesses, opportunities and threats. As a result, of the conducted research, a project risk register was formed.

Blockchain Technology for Projects: A Multicriteria Decision Matrix

This research aims to develop a multicriteria decision matrix (MCDM) for project management practitioners, which will support blockchain type selection, evaluate blockchain platforms, and plan blockchain systems. The MCDM is substantiated through a case study, which includes a questionnaire and an illustrative example pertinent to the construction industry. It was discovered in this study that consortium blockchain is superior in dealing with the characteristics of projects, and Hyperledger Fabric is chosen as the best applicable platform. In planning a blockchain-based project management system, project management practitioners should consider user requirements such as network participants, principal transactions, communication channels, and smart contracts.

Project management system in State bodies from the standpoint of organizational and managerial efficiency

Subject. This article discusses the importance of project management in the activities of public authorities. Objectives. The article aims to determine the current level of development of project management techniques and trends in their progress with the public authorities of the Russian Federation. Methods. For the study, I used general scientific and special research methods. Results. The article describes the advantages of the project management methodology, which can contribute to saving from 20 to 30% of time and from 15 to 20% of the funds spent. Conclusions. The development of a fair system of motivation for project stakeholders, helping ensure a higher level of responsibility, is an important step in the development of project management in the public sector.

Web-Based Student Project Management System: A Tetfund Institution-Based Research Report

Students’ final year projects are often characterized by poor quality, duplication of existing works, prolonged research writing and late submission. This TetFund sponsored research project: Web-based Student Project Management System, is designed with the latest technologies to mitigate these challenges. The project is designed to provide continuous, timeless and boundless communication between project coordinators and students, students and their supervisors, as well as students researching in the same field. The project automates routine project activities such as listing and selection of project topics, approval of project topics, project report writing guidelines, student/supervisor correspondence, assessment and report submission, and finally report storage and management. Thus, it will eliminate the duplication and recycling of existing projects by making sure that such projects are rejected automatically at the very point of submission for approval, as well as guarantee high quality and timely completion and submission of students’ projects. Agile software design approach, due to its high degree of stakeholder involvement and incremental testing of functionalities, was deployed to design the project. Also the system was developed using Java programming language with Apache Tomcat Server and MySQL as the Database Management System.

Art Projects Management Specifics in the System of Cultural and Creative Industries in Ukraine

The purpose of the article is to provide a description of current trends in art projects management in the system of cultural and creative industries in Ukraine. The methodology is the application of descriptive and definitive analysis, functional analysis, formal characterization while conducting the research for the management and development of projects in the art and culture fields in Ukraine. The scientific novelty consists of the analysis of project management in the fields of culture and arts and the possibilities of applying methods of corporate project management in the cultural and creative industries system, in particular, in the system of higher education in Ukraine. Conclusions. The project is one of the most widely used forms of economic activity. The art project has few specific differences in the system of cultural and creative industries. Project management systems are widely applied to project-oriented enterprises, including in the system of cultural and creative industries, which mostly uses project forms of organization of production processes. The use of project management tools has a theoretical perspective for its application in art and cultural higher education. Further research will be devoted to the possibilities of applying the project management system to the institutions of higher education in the culture and art fields.

Developing A Mathematical Model for Planning Repetitive Construction Projects By Using Support Vector Machine Technique

Each project management system aims to complete the project within its identified objectives: budget, time, and quality. It is achieving the project within the defined deadline that required careful scheduling, that be attained early. Due to the nature of unique repetitive construction projects, time contingency and project uncertainty are necessary for accurate scheduling. It should be integrated and flexible to accommodate the changes without adversely affecting the construction project’s total completion time. Repetitive planning and scheduling methods are more effective and essential. However, they need continuous development because of the evolution of execution methods, essentially based on the repetitive construction projects’ composition of identical production units. This study develops a mathematical model to forecast repetitive construction projects using the Support Vector Machine (SVM) technique. The software (WEKA 3.9.1©2016) has been used in the process of developing the mathematical model. The number of factors affecting the planning and scheduling of the repetitive projects has been identified through a questionnaire that analyzed its results using SPSS V22 software. Three accuracy measurements, correlation coefficient (R), Root Mean Square Error (RMSE) and Mean Absolute Error (MAE), were used to check the mathematical model and to compare the actual values with predicted values. The results showed that the SVM technique was more precise than those calculated by the conventional methods and was found the best generalization with R 97 %, MAE 3.6 %, and RMSE 7 %.