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Increasing Project Flexibility
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Book Synopsis Increasing Project Flexibility by : Serghei Floricel
Download or read book Increasing Project Flexibility written by Serghei Floricel and published by Project Management Institute. This book was released on 2011-10-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing Project Flexibility: The Response Capacity of Complex Projects fills this void as a report of research conducted by Serghei Floricel, Sorin Piperca, and Marc Banik. Project organizations generate a social structure that is unique to each organization. One of the essential properties of the structure is its ability to deal with unexpected events, or what the authors call its “response capacity.” To explore and better understand this element, the authors adopt a three-stage approach that includes theoretical development, qualitative investigation, and quantitative exploration. In the theoretical development stage, the study draws on fundamental social theories and prior project management research to propose three properties of the project structure that define its response capacity: cohesion, flexibility, and resourcefulness.
Book Synopsis Flexibility in Engineering Design by : Richard De Neufville
Download or read book Flexibility in Engineering Design written by Richard De Neufville and published by MIT Press. This book was released on 2011-08-12 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to using the power of design flexibility to improve the performance of complex technological projects, for designers, managers, users, and analysts. Project teams can improve results by recognizing that the future is inevitably uncertain and that by creating flexible designs they can adapt to eventualities. This approach enables them to take advantage of new opportunities and avoid harmful losses. Designers of complex, long-lasting projects—such as communication networks, power plants, or hospitals—must learn to abandon fixed specifications and narrow forecasts. They need to avoid the “flaw of averages,” the conceptual pitfall that traps so many designs in underperformance. Failure to allow for changing circumstances risks leaving significant value untapped. This book is a guide for creating and implementing value-enhancing flexibility in design. It will be an essential resource for all participants in the development and operation of technological systems: designers, managers, financial analysts, investors, regulators, and academics. The book provides a high-level overview of why flexibility in design is needed to deliver significantly increased value. It describes in detail methods to identify, select, and implement useful flexibility. The book is unique in that it explicitly recognizes that future outcomes are uncertain. It thus presents forecasting, analysis, and evaluation tools especially suited to this reality. Appendixes provide expanded explanations of concepts and analytic tools.
Book Synopsis Flexible Product Development by : Preston G. Smith
Download or read book Flexible Product Development written by Preston G. Smith and published by John Wiley & Sons. This book was released on 2007-09-10 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this landmark book, Preston Smith attributes the recent declinein innovation to pressure from financial markets that drivesmanagement toward rigid development approaches such as phaseddevelopment processes, Six Sigma, and project office. Theseprocesses have unintentionally (but effectively) made changesduring development more difficult, disruptive, and expensive, whilethe need for change continues at an accelerating pace. Flexible Product Development is a hands-on resource thatprovides the tools and strategies needed to restore flexibility toany organization and remove the obstacles that stand in the way ofresponsive new product development. Preston Smith introducesapproaches that can enhance development process flexibility bycreating and maintaining development options, delaying decisions,and, in general, reducing the cost of change. Step-by-step, heexplains the basics of flexible product development, provides abroad array of flexibility-enhancing tools, and guides the readerin modifying the organization?s values to embrace this new way ofoperating.
Book Synopsis The Strategic Management of Large Engineering Projects by : Roger Miller
Download or read book The Strategic Management of Large Engineering Projects written by Roger Miller and published by MIT Press. This book was released on 2001-03-12 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is based on an international research project that analyzed sixty LEPs, among them the Boston Harbor cleanup; the first phase of subway construction in Ankara, Turkey; a hydro dam on the Caroni River in Venezuela; and the construction of offshore oil platforms west of Flor, Norway. As the number, complexity, and scope of large engineering projects (LEPs) increase worldwide, the huge stakes may endanger the survival of corporations and threaten the stability of countries that approach these projects unprepared. According to the authors, the "front-end" engineering of institutional arrangements and strategic systems is a far greater determinant of an LEP's success than are the more tangible aspects of project engineering and management. The book is based on an international research project that analyzed sixty LEPs, among them the Boston Harbor cleanup; the first phase of subway construction in Ankara, Turkey; a hydro dam on the Caroni River in Venezuela; and the construction of offshore oil platforms west of Flor, Norway. The authors use the research results to develop an experience-based theoretical framework that will allow managers to understand and respond to the complexity and uncertainty inherent in all LEPs. In addition to managers and scholars of large-scale projects, the book will be of interest to those studying the relationship between institutions and strategy, risk management, and corporate governance in general. Contributors Bjorn Andersen, Richard Brealey, Ian Cooper, Serghei Floricel, Michel Habib, Brian Hobbs, Donald R. Lessard, Pascale Michaud, Roger Miller, Xavier Olleros
Book Synopsis Value of Information and Flexibility by : Martin J. Vilela
Download or read book Value of Information and Flexibility written by Martin J. Vilela and published by Springer Nature. This book was released on 2021-10-21 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a consistent methodology for making decisions under uncertain conditions, as is almost always the case. Tools such as value of information and value of flexibility are explored as a means to make more complex and nuanced decisions. The book develops the complete formalism for assessing the value of acquiring information with two novel approaches. Firstly, it integrates the fuzzy characteristics of data, and secondly develops a methodology for assessing data acquisition actions that optimize the value of projects from a holistic perspective. The book also discusses the formalism for including flexibility in the project decision assessment. Practical examples of oil- and gas-related decision problems are included and discussed to facilitate the learning process. This book provides valuable advice and case studies applicable to engineers, researchers, and graduate students, particularly in the oil and gas industry and pharmaceutic industry.
Book Synopsis Progress in Improving Project Management at the Department of Energy by : National Research Council
Download or read book Progress in Improving Project Management at the Department of Energy written by National Research Council and published by National Academies Press. This book was released on 2002-01-31 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Energy (DOE) is engaged in numerous multimillion- and even multibillion-dollar projects that are one of a kind or first of a kind and require cutting-edge technology. The projects represent the diverse nature of DOE's missions, which encompass energy systems, nuclear weapons stewardship, environmental restoration, and basic research. Few other government or private organizations are challenged by projects of a similar magnitude, diversity, and complexity. To complete these complex projects on schedule, on budget, and in scope, the DOE needs highly developed project management capabilities. This report is an assessment of the status of project management in the Department of Energy as of mid-2001 and the progress DOE has made in this area since the National Research Council (NRC) report Improving Project Management in the Department of Energy (Phase II report) was published in June 1999.
Book Synopsis Flexibility in Resource Management by : Sushil
Download or read book Flexibility in Resource Management written by Sushil and published by Springer. This book was released on 2017-07-30 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a conceptual ‘Flexibility in Resource Management’ framework supported by research/case applications in various related areas. It links and integrates the flexibility aspect with resource management to offer a fresh perspective, since flexibility in different levels of resource management is emerging as a key concern -- a business enterprise needs to have reactive flexibility (as adaptiveness and responsiveness) to cope with the changing and uncertain business environment. It may also endeavor to intentionally create flexibility by way of leadership change, re-engineering, innovation in products and processes, use of information and communication technology, and so on. The selected papers discussing a variety of issues concerning flexibility in resource management, are organized into following four parts: flexibility and innovation; flexibility in organizational management; operations and technology management; and financial and risk management. In addition to addressing the organizational needs of corporate bodies spread across the globe, the book serves as a useful reference resource for a variety of audiences including management students, researchers, business managers, consultants and professional institutes.
Book Synopsis Project Risk and Opportunity Management by : Agnar Johansen
Download or read book Project Risk and Opportunity Management written by Agnar Johansen and published by Routledge. This book was released on 2019-03-29 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective risk and opportunity management is key to the successful delivery of any major engineering and construction project. This book looks at how all those involved can manage risk and capitalise on the opportunities that uncertainty present. The authors of this book highlight that uncertainties should be managed rather than avoided. This book will look at simple projects with a small team, to megaprojects where some hundreds of people are involved, and the consequences of delays or unforeseen costs. However, while the obvious risks can be planned for, the authors argue that it is often the opportunities in these situations that can have unexploited potential. This book is about opportunity management seen from the owner’s perspective. It will be an invaluable resource for those studying Engineering both undergraduate and postgraduate and set out ways in which projects should be managed from planning to completion. This book is also a great tool for those working in project management and the construction industry. While there are many books that demonstrate effective construction management, this book is the first of its kind to emphasise that there is opportunity in uncertainty, and possibility in the unexpected.
Book Synopsis Building the Flexible Firm by : Henk W. Volberda
Download or read book Building the Flexible Firm written by Henk W. Volberda and published by Oxford University Press. This book was released on 1999-01-14 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: How do firms cope with changing environments? Is flexibility really the solution? How can we measure a firm's flexibility? Can a more flexible firm be created? Based on an Igor Ansoff Award-winning study and now available for the first time in paperback, Henk Volberda's Building the Flexible Firm shows how flexibility has become the new strategic challenge for contemporary firms. Although traditional organizational forms have worked well in the relatively stable environments of the past, the globalization of markets, rapid technological change, shortening product life cycles, and increasing aggressiveness of competitors have radically altered the ground rules for competing in the 1990s and beyond. Increased competition forces firms to move more quickly and boldly than before, and to experiment in ways that do not conform to traditional administrative theory. This book offers a wealth of insights into the way firms can increase their flexibility. It is based on extensive interviews with practitioners and supported by many longitudinal case studies on flexibility improvement within large corporations. The author provides a strategic framework which explains what types of flexibility are effective under different organizational conditions and environmental characteristics. He also demonstrates an integrated method for diagnosing a firm's flexibility and for guiding the transition to greater flexibility and responsiveness.
Book Synopsis Flexibility and Real Estate Valuation under Uncertainty by : David Geltner
Download or read book Flexibility and Real Estate Valuation under Uncertainty written by David Geltner and published by John Wiley & Sons. This book was released on 2018-04-30 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a revolutionary conceptual framework and practical tools to quantify uncertainty and recognize the value of flexibility in real estate development This book takes a practical "engineering" approach to the valuation of options and flexibility in real estate. It presents simple simulation models built in universal spreadsheet software such as Microsoft Excel®. These realistically reflect the varying and erratic sources of uncertainty and price dynamics that uniquely characterize real estate. The text covers new analytic procedures that are valuable for existing properties and enable a new, more profitable perspective on the planning, design, operation, and evaluation of large-scale, multi-phase development projects. The book thereby aims to significantly improve valuation and investment decision making. Flexibility and Real Estate Valuation under Uncertainty: A Practical Guide for Developers is presented at 3 levels. First, it introduces and explains the concepts underlying the approach at a basic level accessible to non-technical and non-specialized readers. Its introductory and concluding chapters present the important “big picture” implications of the analysis for economics and valuation and for project design and investment decision making. At a second level, the book presents a framework, a roadmap for the prospective analyst. It describes the practical tools in detail, taking care to go through the elements of the approach step-by-step for clarity and easy reference. The third level includes more technical details and specific models. An Appendix discusses the technical details of real estate price dynamics. Associated web pages provide electronic spreadsheet templates for the models used as examples in the book. Some features of the book include: • Concepts and tools that are simple and accessible to a broad audience of practitioners; • An approach relevant for all development projects; • Complementarity with the author's Commercial Real Estate Analysis & Investments—the most-cited real estate investments textbook on the market. Flexibility and Real Estate Valuation under Uncertainty: A Practical Guide for Developers is for everyone studying or concerned with the implementation of large-scale or multi-phase real estate development projects, as well as property investment and valuation more generally.
Book Synopsis Developing Products in Half the Time by : Preston G. Smith
Download or read book Developing Products in Half the Time written by Preston G. Smith and published by John Wiley & Sons. This book was released on 1997-10-30 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advance praise for Developing Products in Half the Time Second Edition New Rules, New Tools Preston G. Smith * Donald G. Reinertsen "This is an exceptional book! Get a new highlighter before you start. There are so many 'ah ha's' in each chapter you will never make it through with an old one." Don LaCombe, Ford Motor Company, Product Development Process Leadership "An excellent book with a strong treatment of the cycle-time consequences of overloading your development capacity. It provides powerful and practical concepts for dealing with this issue." Andrew Aquart, Director Product Development, Cordis, a Johnson & Johnson Company "This is practical, useful stuff for people competing in highly competitive fast moving business." Dr. Paul Borrill, Chief Scientist, Sun Microsystems "3M has absorbed many of the tools from the original edition, and this new one will be even more useful. The topic of incremental innovation is crucial to us, and I really appreciate its balanced treatment." Ronald H. Kubinski, Manager New Product Commercialization Services, 3M Company "As the authors correctly point out, the Fuzzy Front End is the least expensive place to reduce cycle time. This book is one of the only sources of concepts, methods, and metrics for compressing this critical portion of the development process." David M. Lewis, Product Manager, Eastman Kodak Co. "Using these tools we've more than cut our time to market in half. The new edition of this classic crystallizes the synergy of the fast-to-market techniques, and the icons in the margins highlight the opportunities and pitfalls." Mike Brennan , Vice President of Product Development, Black & Decker
Book Synopsis Effective Project Management by : Robert K. Wysocki
Download or read book Effective Project Management written by Robert K. Wysocki and published by John Wiley & Sons. This book was released on 2010-09-29 with total page 665 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlock your potential and achieve breakthrough performance in project management If you're looking for a more robust approach to project management--one that recognizes the project environment and adapts accordingly--then this is the perfect resource. It not only guides you through the traditional methods, but also covers the adaptive and extreme approaches as well. You'll gain an in-depth understanding of each one and know exactly when and how to use them. You'll also be introduced to the Adaptive Project Framework, which arms you with a new project management methodology. And with the help of two new case studies, you'll be able to put these ideas into practice and experience some of the contemporary nuances of projects. This definitive guide to project management shows you how to: Take advantage of new variations on traditional project management methods, including risk assessment and control Decide the best method for managing specific types of projects by analyzing all of the pros and cons Apply the Adaptive Project Framework to the world of fast-paced, high-change, and complex projects Create a war room to successfully manage multiple team projects Determine how project portfolio management approaches can help companies achieve a greater return on investment Utilize all nine Project Management Body of Knowledge (PMBOK®) standards advocated by the Project Management Institute (PMI®) (PMBOK and PMI are registered marks of the Project Management Institute, Inc.)
Book Synopsis Flexibility in Engineering Design by : Richard De Neufville
Download or read book Flexibility in Engineering Design written by Richard De Neufville and published by MIT Press. This book was released on 2011-08-12 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to using the power of design flexibility to improve the performance of complex technological projects, for designers, managers, users, and analysts. Project teams can improve results by recognizing that the future is inevitably uncertain and that by creating flexible designs they can adapt to eventualities. This approach enables them to take advantage of new opportunities and avoid harmful losses. Designers of complex, long-lasting projects—such as communication networks, power plants, or hospitals—must learn to abandon fixed specifications and narrow forecasts. They need to avoid the “flaw of averages,” the conceptual pitfall that traps so many designs in underperformance. Failure to allow for changing circumstances risks leaving significant value untapped. This book is a guide for creating and implementing value-enhancing flexibility in design. It will be an essential resource for all participants in the development and operation of technological systems: designers, managers, financial analysts, investors, regulators, and academics. The book provides a high-level overview of why flexibility in design is needed to deliver significantly increased value. It describes in detail methods to identify, select, and implement useful flexibility. The book is unique in that it explicitly recognizes that future outcomes are uncertain. It thus presents forecasting, analysis, and evaluation tools especially suited to this reality. Appendixes provide expanded explanations of concepts and analytic tools.
Author :United States. Congress. House. Committee on Appropriations. Subcommittee on VA, HUD, and Independent Agencies Publisher : ISBN 13 : Total Pages :1196 pages Book Rating :4.:/5 (319 download)
Book Synopsis Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations for 2003 by : United States. Congress. House. Committee on Appropriations. Subcommittee on VA, HUD, and Independent Agencies
Download or read book Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations for 2003 written by United States. Congress. House. Committee on Appropriations. Subcommittee on VA, HUD, and Independent Agencies and published by . This book was released on 2002 with total page 1196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Appropriations. Subcommittee on Military Construction Appropriations Publisher : ISBN 13 : Total Pages :2302 pages Book Rating :4.:/5 (42 download)
Book Synopsis Military Construction Appropriations for 1975 by : United States. Congress. House. Committee on Appropriations. Subcommittee on Military Construction Appropriations
Download or read book Military Construction Appropriations for 1975 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Military Construction Appropriations and published by . This book was released on 1974 with total page 2302 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Perspectives and Techniques for Improving Information Technology Project Management by : Wang, John
Download or read book Perspectives and Techniques for Improving Information Technology Project Management written by Wang, John and published by IGI Global. This book was released on 2013-01-31 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Perspectives and Techniques for Improving Information Technology Project Management discusses the variety of information systems and how it can improve project management and, likewise, how project management can affect the growth of information systems. Using new frameworks, technologies and methods, this comprehensive collection is useful for professionals, researchers and software developers interested in learning more on this emerging field.
Book Synopsis Project Valuation Using Real Options by : Prasad Kodukula
Download or read book Project Valuation Using Real Options written by Prasad Kodukula and published by J. Ross Publishing. This book was released on 2006-07-15 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business leaders are frequently faced with investment decisions on new and ongoing projects. The challenge lies in deciding what projects to choose, expand, contract, defer, or abandon, and which method of valuation to use is the key tool in the process. This title presents a step-by-step, practical approach to real options valuation to make it easily understandable by practitioners as well as senior management. This systematic approach to project valuation helps you minimize upfront investment risks, exercise flexibility in decision making, and maximize the returns. Whereas the traditional decision tools such as discounted cash flow/net present value (DCF/NPV) analysis assume a “fixed” path ahead, real options analysis offers more flexible strategies. Considered one of the greatest innovations of modern finance, the real options approach is based on Nobel-prize winning work by three MIT economists, Fischer Black, Robert Merton, and Myron Scholes.
