Metrics Based Project Time Management - Application of Linear Programming

• Autorzy: Joanna Iwko , Dorota Kuchta , Oksana Yakivets
• Języki publikacji: EN

Abstrakty

EN

Purpose: The purpose of the article is to develop an algorithm updating the estimated duration based on metrics and linear programming in the execution phase of the project. A secondary objective is to prove that the acceptance of the metrics-based approach by practitioners is highly probable.

Design/methodology/approach: We combine linear programming with metrics based project management and propose an algorithm updating the initial project duration estimation during project execution. Survey has been used to verify the knowledge and acceptance degree of metrics based management among project management practitioners. An computational example is used to illustrate the application and potential benefits of the proposed algorithm. Findings: It has been shown that metrics based updating of initial project duration estimation can be extremely important for project time management, and thus project success, and that this approach is technically not difficult to implement in practice. It has been also proven that such an approach has high chances of being accepted in practice.

Research limitations/implications: In our research a theoretical example has been used with a limited selection of metrics. Real world cases and close cooperation with project managers and other stakeholders is needed in order to improve and adapt the approach to actual needs of practical project management.

Practical implications: The proposed approach may substantially improve the prediction quality of project duration and, consequently, increase project success probability.

Originality/value: An original algorithm for project duration updating during project execution has been proposed. This algorithm is based on metrics that should measure all the important phenomena that decrease the quality of the prediction of project duration, also human related ones, and on linear programming. No similar approach has been identified in the literature.(original abstract)

Słowa kluczowe

EN

Project management; Time management; Algorithms

PL

Zarządzanie projektem; Zarządzanie czasem; Algorytmy

• Czasopismo: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
• Rocznik: 2023
• Numer: z. 188 Współczesne zarządzanie = Contemporary management
• Strony: 243--257

Twórcy

autor

Joanna Iwko

• Wroclaw University of Science and Technology, Wroclaw, Poland

autor

Dorota Kuchta

• Wrocław University of Science and Technology, Poland

autor

Oksana Yakivets

• Wrocław University of Science and Technology, Poland

Bibliografia

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Identyfikatory

DOI

10.29119/1641-3466.2023.188.14