Planning, Scheduling and Controlling Long Term Projects

The challenge that major projects face is that from design to start-up, the mega infrastructure projects can take up to 10-20 years, maybe even longer. The same applies when we need to control the whole life cycle cost of a project: in research of cost overruns, the general opinion is that these pro...

Full description

Bibliographic Details
Main Author: Gianluca Di Castri
Format: Article
Language:English
Published: University of Bologna 2018-12-01
Series:In_Bo
Subjects:
Online Access:https://in_bo.unibo.it/article/view/8820
id doaj-550b62546dac451792a2990b70dd7931
record_format Article
spelling doaj-550b62546dac451792a2990b70dd79312020-11-25T01:02:14ZengUniversity of BolognaIn_Bo2036-16022018-12-01913646910.6092/issn.2036-1602/88207680Planning, Scheduling and Controlling Long Term ProjectsGianluca Di CastriThe challenge that major projects face is that from design to start-up, the mega infrastructure projects can take up to 10-20 years, maybe even longer. The same applies when we need to control the whole life cycle cost of a project: in research of cost overruns, the general opinion is that these projects are out of control. Even long term project can be duly kept under control, but we must consider the fact that controlling a short term and a long term project has a different meaning. The paper will show how a long term project can be controlled using dynamics or stochastic methods and taking into consideration that the meaning of controls can vary according to the project characteristics and duration.(This paper has been presented for the first time at the ICEC World Congress in Milano, 2014, and has then been revised and updated).https://in_bo.unibo.it/article/view/8820long termprojectplanningcontrolsstochastic
collection DOAJ
language English
format Article
sources DOAJ
author Gianluca Di Castri
spellingShingle Gianluca Di Castri
Planning, Scheduling and Controlling Long Term Projects
In_Bo
long term
project
planning
controls
stochastic
author_facet Gianluca Di Castri
author_sort Gianluca Di Castri
title Planning, Scheduling and Controlling Long Term Projects
title_short Planning, Scheduling and Controlling Long Term Projects
title_full Planning, Scheduling and Controlling Long Term Projects
title_fullStr Planning, Scheduling and Controlling Long Term Projects
title_full_unstemmed Planning, Scheduling and Controlling Long Term Projects
title_sort planning, scheduling and controlling long term projects
publisher University of Bologna
series In_Bo
issn 2036-1602
publishDate 2018-12-01
description The challenge that major projects face is that from design to start-up, the mega infrastructure projects can take up to 10-20 years, maybe even longer. The same applies when we need to control the whole life cycle cost of a project: in research of cost overruns, the general opinion is that these projects are out of control. Even long term project can be duly kept under control, but we must consider the fact that controlling a short term and a long term project has a different meaning. The paper will show how a long term project can be controlled using dynamics or stochastic methods and taking into consideration that the meaning of controls can vary according to the project characteristics and duration.(This paper has been presented for the first time at the ICEC World Congress in Milano, 2014, and has then been revised and updated).
topic long term
project
planning
controls
stochastic
url https://in_bo.unibo.it/article/view/8820
work_keys_str_mv AT gianlucadicastri planningschedulingandcontrollinglongtermprojects
_version_ 1725205894132662272