Building Options At Project Front End Strategizing
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Building Options At Project Front End Strategizing
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Author : Guilherme Biesek
language : en
Publisher:
Release Date : 2014-05-01
Building Options At Project Front End Strategizing written by Guilherme Biesek and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-01 with Business & Economics categories.
Biesek and Gil demonstrate how a formal framework for design flexibility on the front end encourages greater communication among project team members, helps avoid risks and reduce costs, and improves efficiency. While the uncertainties of the future will always be present, capital project teams can manage potential change more effectively by adopting these principals and designing for evolvability.
Building Options At Project Front End Strategizing
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Author : Guilherme Biesek
language : en
Publisher: Project Management Institute
Release Date : 2014-07-01
Building Options At Project Front End Strategizing written by Guilherme Biesek and has been published by Project Management Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-01 with Business & Economics categories.
How do project teams overcome differences to adopt a design plan that strikes a balance between short-term affordability and long-term adaptability? In the book, Building Options at Project Front-End Strategizing: The Power of Capital Design for Evolvability, Guilherme Biesek and Nuno Gil cite research indicating the need for a formal framework to develop front-end strategies that ensure cost-effective management of the project through future change. Biesek and Gil found limitations in the current practices and theory for management of capital projects, and turned to real options reasoning and design literature. Project teams often resort to real options reasoning, because investment in design flexibility is similar to buying options. If future changes are minimal or favorable the options can be exercised to adapt the design economically. In the event the future is not favorable to the project, a limited investment has been lost.
Building Options At Capital Project Front End Strategizing
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Author : Guilherme Biesek
language : en
Publisher:
Release Date : 2014
Building Options At Capital Project Front End Strategizing written by Guilherme Biesek and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Capital categories.
This research provides insights on strategies to cope with changes in requirements over the course of a capital project delivery time and later during the asset's operational lifetime. At the heart of the research is the dilemma faced by capital project teams during front-end strategizing: How to design and develop new capital assets that can adapt and evolve economically to cope with future changes in design requirements. Data were collected between September 2009 and December 2012 via case studies on Network Rail, a private company with a public guarantee that owns Britain's railway infrastructure and lab-based experiments.
Design For Evolvability At Project Front End Strategizing
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Author : Guilherme Biesek
language : en
Publisher:
Release Date : 2012
Design For Evolvability At Project Front End Strategizing written by Guilherme Biesek and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Strategic planning categories.
Capital projects involve designing and delivering new assets that are planned to operate for several decades, but over the project and operating lifetimes, design requirements are likely to change. This leads to a crucial problem at the heart of front-end strategizing: how to reconcile budgetary constraints with capital investments in flexibility to ensure that the asset can be adapted economically over time? The analysis of empirical findings in two distinct organisations shows that practitioners use options logic to address this problem, but they do it intuitively. To improve the quality of the conversation in a multi-stakeholder environment and strike an adequate balance between short-term affordability and long-term adaptability, we argue that the process needs to be formalised. We call this design for evolvability. We introduce the notion of the champion of design for evolvability, a representative of the developer in charge of building informal options thinking into design decision-making at front-end strategizing. To support this role, we arm the champion with a proof-of-principle method, which requires project teams to (1) qualify options in light of foreseeable uncertainties; (2) assess alternative design concepts with and without flexibility built-in; and (3), recommend a viable design strategy.
How Successful Organizations Implement Change
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Author : Emad E. Aziz
language : en
Publisher: Project Management Institute
Release Date : 2017-10-02
How Successful Organizations Implement Change written by Emad E. Aziz and has been published by Project Management Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-02 with Business & Economics categories.
The only constant is change—especially in today's business environment. Increasing globalization and the rise of new markets and technologies are forcing companies to compete in a more turbulent world than ever. To survive and thrive, organizations must be able to continuously evolve. Unfortunately, people tend to resist change. Uncertainty can be daunting, and people generally prefer to keep doing what they already know, avoiding unfamiliar situations, particularly in their work. The good news is that change can be managed using the same processes many organizations already use in their day-to-day project management activities. After all, every project results in some type of change to an organization. Building on the Project Management Institute's Managing Change in Organizations: A Practice Guide, and drawing on the project management expertise of a wide variety of authors, How Successful Organizations Implement Change explains the critical aspects of the change management process and outlines the methods that project, program, and portfolio managers can utilize to bring effective change in a complex and transient business context. For practitioners who are directly leading the change effort as well as those affected by it; for executives formulating strategies, even those managing operations; and for academics researching or teaching others about organizational change management, the examples provided in this book cover a broad range of industries and areas of business. How Successful Organizations Implement Change combines the change management knowledge of experts, academics, researchers, and practitioners with tools, processes, and templates, all of which make this volume a valuable resource, a must-have, for leaders of change in organizations.
Offshore Process Safety
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Author :
language : en
Publisher: Academic Press
Release Date : 2018-06-18
Offshore Process Safety written by and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-18 with Technology & Engineering categories.
Methods in Chemical Process Safety, Volume Two, the latest release in a serial that publishes fully commissioned methods papers across the field of process safety, risk assessment, and management and loss prevention, aims to provide informative, visual and current content that appeals to both researchers and practitioners in process safety. This new release contains unique chapters on offshore safety, offshore platform safety, human factors in offshore operation, marine safety, safety during well drilling and operation, safety during processing (top side), safety during transportation of natural resources (offshore pipeline), and regulatory context Helps acquaint the reader/researcher with the fundamentals of process safety Provides the most recent advancements and contributions on the topic from a practical point-of-view Presents users with the views/opinions of experts in each topic Includes a selection of the author(s) of each chapter from among the leading researchers and/or practitioners for each given topic
Planning Estimating And Control Of Chemical Construction Projects
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Author : Pablo F. Navarrete
language : en
Publisher: CRC Press
Release Date : 2001-01-23
Planning Estimating And Control Of Chemical Construction Projects written by Pablo F. Navarrete and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-01-23 with Business & Economics categories.
Contains added chapters emphasizing the importance of choosing the correct project and defining project goals. Stresses the need for adequate front end loading (FEL) and outlines the responsibility of the venture manager in project selection. Provides updated case studies and examples on technical evaluation criteria, construction progress monitori
Building Smart Resilient And Sustainable Infrastructure In Developing Countries
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Author : Innocent Musonda
language : en
Publisher: CRC Press
Release Date : 2022-12-21
Building Smart Resilient And Sustainable Infrastructure In Developing Countries written by Innocent Musonda and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-21 with Technology & Engineering categories.
Building Smart, Resilient and Sustainable Infrastructure in Developing Countries contains the papers presented at the International Conference on Development and Investment in Infrastructure (DII-2022). The contributions cover a wide range of topics related to infrastructure issues on the African continent: Sustainable Infrastructure Development Smart Infrastructure and Cities Quality and Resilient Infrastructure Education, Empowerment, Gender Equity, Wellness and Development Environmental and Waste Management/Facilities & Real-Estate Management Infrastructure, Investment and Finance- Trends and Forecasts Infrastructure: Shock Events, Procurement, Project Management, Health & Safety Infrastructure: Economic, Social/Environmental Sustainability Digital Innovation and transition in the built environment Building Smart, Resilient and Sustainable Infrastructure in Developing Countries evaluates innovations, empowerment, growth and sustainable development of infrastructure development in Africa, and aims at administrators, academics, and professionals.
Managing The Front End
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Author : Peter W. G. Morris
language : en
Publisher:
Release Date : 2005
Managing The Front End written by Peter W. G. Morris and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Guide to the project management body of knowledge (PMBOK guide) categories.
Although much has been written about research showing that the front-end of projects can positively or negatively influence how teams implement, realize, and ultimately, deliver projects, the field still lacks a clear and accurate understanding of the front-end's impact. And too often, in gathering and analyzing evidence on this topic, researchers excluded project managers from their discussion. This paper examines the front-end in relation to the project manager's scope of action and two PMI publications: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) and the Organizational Project Management Maturity Model (OPM3®). It then looks at two research projects--the first (based on information from more than 50 in-depth interviews, 400 questionnaire returns, and six case studies)--focuses on project manager competency and identifies the most relevant front-end topics; the second (based on 75 questionnaire returns from, and four case studies on, companies in the drug development, aerospace, financial services, and construction industries) examines the relationship between projects and enterprise strategy and the role project managers play in shaping this relationship. In concludes by recommending that researchers extend the practical view of project management that is described in the PMBOK® Guide and OPM3® and consider the dynamic connection between projects and programs and enterprise strategy.
Delivering Value With Bim
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Author : Adriana Sanchez
language : en
Publisher: Routledge
Release Date : 2016-03-31
Delivering Value With Bim written by Adriana Sanchez and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-31 with Technology & Engineering categories.
Building Information Modelling (BIM) is a global phenomenon which is gaining significant momentum across the world. Currently there is little information on how to realise and monitor benefits from implementing BIM across the life-cycle of a built environment asset. This book provides a practical and strategic framework to realise value from implementing BIM by adapting Benefit Realisation Management theory. It presents an approach for practitioners aiming to implement BIM across the life-cycle of built environment assets, including both buildings and infrastructure. Additionally, the book features: wide-ranging information about BIM, the challenges of monitoring progress towards benefit goals and the greater context of implementation; a set of dictionaries that illustrate: how benefits can be achieved, what the benefit flows are and the enabling tools and processes that contribute to achieving and maximising them; a suite of measures that can serve to monitor progress with examples of how they have been used to measure benefits from BIM; real-world examples from across the world and life-cycle phases that show how these benefits can be achieved; and information on international maturity and competency measures to complement the value realisation framework. Including a blend of academic and industry input, this book has been developed in close collaborative consultation with industry, government and international research organisations and could be used for industry courses on BIM benefits and implementation for asset management or by universities that teach BIM-related courses.
