Managing The Continuum Certainty Uncertainty Unpredictability In Large Engineering Projects

Author : Franco Caron
Publisher : Springer Science & Business Media
ISBN 13 : 8847052440
Total Pages : 89 pages
Book Rating : 4.44/5 ( download)

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Download or read book Managing the Continuum: Certainty, Uncertainty, Unpredictability in Large Engineering Projects written by Franco Caron and published by Springer Science & Business Media. This book was released on 2013-05-24 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: The brief will describe how to develop a risk analysis applied to a project , through a sequence of steps: risk management planning, risk identification, risk classification, risk assessment, risk quantification, risk response planning, risk monitoring and control, process close out and lessons learning. The project risk analysis and management process will be applied to large engineering projects, in particular related to the oil and gas industry. The brief will address the overall range of possible events affecting the project moving from certainty (project issues) through uncertainty (project risks) to unpredictability (unforeseeable events), considering both negative and positive events. Some quantitative techniques (simulation, event tree, Bayesian inference, etc.) will be used to develop risk quantification. The brief addresses a typical subject in the area of project management, with reference to large engineering projects concerning the realization of large plants and infrastructures. These projects are characterized by a high level of change, uncertainty, complexity and ambiguity. The brief represents an extension of the material developed for the course Project Risk Analysis and Management of the Master in Strategic Project Management (Erasmus Mundus) developed jointly by Politecnico di Milano, Heriot Watt University (Edimburgh) and Umea (Sweden). The brief may be used both in courses addressing project management subjects and by practitioners as a guide for developing an effective project risk management plan.

Author : Management Association, Information Resources
Publisher : IGI Global
ISBN 13 : 1522501975
Total Pages : 2410 pages
Book Rating : 4.78/5 ( download)

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Download or read book Project Management: Concepts, Methodologies, Tools, and Applications written by Management Association, Information Resources and published by IGI Global. This book was released on 2016-06-09 with total page 2410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Organizations of all types are consistently working on new initiatives, product lines, or implementation of new workflows as a way to remain competitive in the modern business environment. No matter the type of project at hand, employing the best methods for effective execution and timely completion of the task at hand is essential to project success. Project Management: Concepts, Methodologies, Tools, and Applications presents the latest research and practical solutions for managing every stage of the project lifecycle. Emphasizing emerging concepts, real-world examples, and authoritative research on managing project workflows and measuring project success in both private and public sectors, this multi-volume reference work is a critical addition to academic, government, and corporate libraries. It is designed for use by project coordinators and managers, business executives, researchers, and graduate-level students interested in putting research-based solutions into practice for effective project management.

Author : Jakóbczak, Dariusz Jacek
Publisher : IGI Global
ISBN 13 : 1466694599
Total Pages : 442 pages
Book Rating : 4.90/5 ( download)

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Download or read book Analyzing Risk through Probabilistic Modeling in Operations Research written by Jakóbczak, Dariusz Jacek and published by IGI Global. This book was released on 2015-11-03 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Probabilistic modeling represents a subject spanning many branches of mathematics, economics, and computer science to connect pure mathematics with applied sciences. Operational research also relies on this connection to enable the improvement of business functions and decision making. Analyzing Risk through Probabilistic Modeling in Operations Research is an authoritative reference publication discussing the various challenges in management and decision science. Featuring exhaustive coverage on a range of topics within operational research including, but not limited to, decision analysis, data mining, process modeling, probabilistic interpolation and extrapolation, and optimization methods, this book is an essential reference source for decision makers, academicians, researchers, advanced-level students, technology developers, and government officials interested in the implementation of probabilistic modeling in various business applications.

Author : Jakóbczak, Dariusz Jacek
Publisher : IGI Global
ISBN 13 : 1799847071
Total Pages : 331 pages
Book Rating : 4.76/5 ( download)

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Download or read book Analyzing Data Through Probabilistic Modeling in Statistics written by Jakóbczak, Dariusz Jacek and published by IGI Global. This book was released on 2021-02-19 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Probabilistic modeling represents a subject arising in many branches of mathematics, economics, and computer science. Such modeling connects pure mathematics with applied sciences. Similarly, data analyzing and statistics are situated on the border between pure mathematics and applied sciences. Therefore, when probabilistic modeling meets statistics, it is a very interesting occasion that has gained much research recently. With the increase of these technologies in life and work, it has become somewhat essential in the workplace to have planning, timetabling, scheduling, decision making, optimization, simulation, data analysis, and risk analysis and process modeling. However, there are still many difficulties and challenges that arrive in these sectors during the process of planning or decision making. There continues to be the need for more research on the impact of such probabilistic modeling with other approaches. Analyzing Data Through Probabilistic Modeling in Statistics is an essential reference source that builds on the available literature in the field of probabilistic modeling, statistics, operational research, planning and scheduling, data extrapolation in decision making, probabilistic interpolation and extrapolation in simulation, stochastic processes, and decision analysis. This text will provide the resources necessary for economics and management sciences and for mathematics and computer sciences. This book is ideal for interested technology developers, decision makers, mathematicians, statisticians and practitioners, stakeholders, researchers, academicians, and students looking to further their research exposure to pertinent topics in operations research and probabilistic modeling.

Author : Khosrow-Pour, D.B.A., Mehdi
Publisher : IGI Global
ISBN 13 : 1522573631
Total Pages : 1482 pages
Book Rating : 4.30/5 ( download)

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Download or read book Advanced Methodologies and Technologies in Business Operations and Management written by Khosrow-Pour, D.B.A., Mehdi and published by IGI Global. This book was released on 2018-09-14 with total page 1482 pages. Available in PDF, EPUB and Kindle. Book excerpt: Businesses consistently work on new projects, products, and workflows to remain competitive and successful in the modern business environment. To remain zealous, businesses must employ the most effective methods and tools in human resources, project management, and overall business plan execution as competitors work to succeed as well. Advanced Methodologies and Technologies in Business Operations and Management provides emerging research on business tools such as employee engagement, payout policies, and financial investing to promote operational success. While highlighting the challenges facing modern organizations, readers will learn how corporate social responsibility and utilizing artificial intelligence improve a company’s culture and management. This book is an ideal resource for executives and managers, researchers, accountants, and financial investors seeking current research on business operations and management.

Author : Joshua Yindenaba Abor
Publisher : Taylor & Francis
ISBN 13 : 1000890414
Total Pages : 352 pages
Book Rating : 4.19/5 ( download)

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Download or read book Sustainability Management in the Oil and Gas Industry written by Joshua Yindenaba Abor and published by Taylor & Francis. This book was released on 2023-06-07 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil and gas industry is a complex sector with significant reach in terms of providing the energy needs of the global economy and the security, environmental and development consequences thereof. In particular, the sector is extremely important for the economic growth of emerging markets and developing countries. Furthermore, the life span of oil and gas resources is finite, with high health and safety risks and substantial environmental costs that require careful management and sustainability practices to ensure optimal extraction and utilisation of these resources. This book examines the challenges and opportunities in the oil and gas industry, in the context of emerging markets and developing economies. It provides comprehensive coverage of the management and sustainability practices of the sector, the environmental impact and sustainability of resources as well as the businesses that operate in the sector across the entire value chain. It addresses the current discourse on topics such as the Sustainable Development Goals, the Green Economy, the Paris Agreement and Glasgow Climate Pact and concludes with a chapter on the future of the oil and gas industry. The discussions around energy and energy transitions in particular continue to gain momentum and the book provides a wide-reaching and up-to-date overview of the industry. The book introduces readers to the concepts and formal models of analysis in the oil and gas sector and will serve as a useful resource for students, scholars and researchers in operations, marketing, procurement and supply chain management, project management, health and safety management, environmental economics, natural resource economics, development finance, and development studies. Researchers and practitioners working in these areas will also find the book a useful reference material.

Author : Franco Caron
Publisher : Springer
ISBN 13 : 9788847028968
Total Pages : 130 pages
Book Rating : 4.65/5 ( download)

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Download or read book Management of Uncertainty in large Engineering Projects written by Franco Caron and published by Springer. This book was released on 2013-03-22 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: The brief will describe how to develop a risk analysis applied to a project , through a sequence of steps: risk management planning, risk identification, risk classification, risk assessment, risk quantification, risk response planning, risk monitoring and control, process close out and lessons learning. The project risk analysis and management process will be applied to large engineering projects, in particular related to the oil and gas industry. The brief will address the overall range of possible events affecting the project moving from certainty (project issues) through uncertainty (project risks) to unpredictability (unforeseeable events), considering both negative and positive events. Some quantitative techniques (simulation, event tree, Bayesian inference, etc.) will be used to develop risk quantification. The brief addresses a typical subject in the area of project management, with reference to large engineering projects concerning the realization of large plants and infrastructures. These projects are characterized by a high level of change, uncertainty, complexity and ambiguity. The brief represents an extension of the material developed for the course Project Risk Analysis and Management of the Master in Strategic Project Management (Erasmus Mundus) developed jointly by Politecnico di Milano, Heriot Watt University (Edimburgh) and Umea (Sweden). The brief may be used both in courses addressing project management subjects and by practitioners as a guide for developing an effective project risk management plan.

Author : Tom Kendrick
Publisher : AMACOM
ISBN 13 : 0814413412
Total Pages : 370 pages
Book Rating : 4.18/5 ( download)

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Download or read book Identifying and Managing Project Risk written by Tom Kendrick and published by AMACOM. This book was released on 2009-02-27 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the Project Management Institute’s David I. Cleland Project Management Literature Award 2010 It’s no wonder that project managers spend so much time focusing their attention on risk identification. Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources. Identifying and Managing Project Risk, now updated and consistent with the very latest Project Management Body of Knowledge (PMBOK)® Guide, takes readers through every phase of a project, showing them how to consider the possible risks involved at every point in the process. Drawing on real-world situations and hundreds of examples, the book outlines proven methods, demonstrating key ideas for project risk planning and showing how to use high-level risk assessment tools. Analyzing aspects such as available resources, project scope, and scheduling, this new edition also explores the growing area of Enterprise Risk Management. Comprehensive and completely up-to-date, this book helps readers determine risk factors thoroughly and decisively...before a project gets derailed.

Author : Michel Syrett
Publisher : The Economist
ISBN 13 : 1610395131
Total Pages : 170 pages
Book Rating : 4.37/5 ( download)

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Download or read book Managing Uncertainty written by Michel Syrett and published by The Economist. This book was released on 2014-02-25 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing uncertainty has become a new business imperative. Technological discontinuities, regulatory upheavals, geopolitical shocks, abrupt shifts in consumer tastes or behavior, and many other factors have emerged or intensified in recent years and together conspire to undermine even the most carefully constructed business strategies. Managing Uncertainty: Strategies for Surviving and Thriving in Turbulent Times addresses these new challenges, assessing the sources of business turbulence, how to classify uncertainty, and the different ways in which uncertainty can be embraced to allow greater innovation and growth. Drawing on examples from around the world, the book presents the most recent ideas on what it means to manage uncertainty, from practitioners, academics, and consultants. • Addresses the challenges of managing uncertainty in business • Presents a step-by-step guide to managing business uncertainty • Draws examples from major international companies, including Intel, Procter & Gamble, Siemens, Boeing, Quinetiq, Philips, China Telecom, Ford, Apple, Shell, Glaxo SmithKline and many more Written for business leaders and managers looking for new ways to ensure that their businesses continue to thrive in a world of increasing complexity, Managing Uncertainty presents new and innovative ideas about reducing risk by understanding difficult-to-predict shifts.

Author : Hugo Priemus
Publisher : Edward Elgar Publishing
ISBN 13 : 1848440170
Total Pages : 353 pages
Book Rating : 4.73/5 ( download)

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Download or read book Decision-making on Mega-projects written by Hugo Priemus and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: It will be useful for those experienced and senior professionals who are charged with authorizing and controlling projects. Recommended. P.F. Rad, Choice Building on the seminal work of Bent Flyvbjerg, this book is a collection of expert contributions that will prove essential to anyone wanting to understand why mega-projects go wrong and how they can be made to work better. Professor Sir Peter Hall, University College London, UK This book offers a refreshing and fascinating look at mega-projects from the perspective of public evaluation and planning. With the changing role of the public sector in planning and implementing large-scale projects and a subsequent strong emergence of private public modes of operation, mega-projects have become a problematic phenomenon. This volume is a major source of information and reference. It provides the reader with unique insights and caveats in mega-projects planning. Peter Nijkamp, VU University Amsterdam, The Netherlands This book enlarges the understanding of decision-making on mega-projects and suggest recommendations for a more effective, efficient and democratic approach. Authors from different scientific disciplines address various aspects of the decision-making process, such as management characteristics and cost benefit analysis, planning and innovation and competition and institutions. The subject matter is highly diverse, but certain questions remain at the forefront. For example, how do we deal with protracted preparation processes, how do we tackle risks and uncertainties, and how can we best divide the risks and responsibilities among the private and public players throughout the different phases of the project? Presenting a state-of-the-art overview, based on experiences and visions of authors from Europe and North America, this unique book will be of interest to practitioners of large-scale project management, politicians, public officials and private organisations involved in mega-project decision-making. It will also appeal to researchers, consultants and students dealing with substantial engineering projects, complex systems, project management and transport infrastructure.