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Using activity sensitivity and network topology information to monitor project time performance

  • Vanhoucke, Mario
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    The interest in activity sensitivity from both the academics and the practitioners lies in the need to focus a project manager's attention on those activities that influence the performance of the project. When management has a certain feeling of the relative sensitivity of the various parts (activities) on the project objective, a better management's focus and a more accurate response during project tracking should positively contribute to the overall performance of the project. In the current research manuscript, a simulation study is performed to measure the ability of four basic sensitivity metrics to dynamically improve the time performance during project execution. We measure the use of sensitivity information to guide the corrective action decision making process to improve a project's time performance, while varying the degree of management's attention. A large amount of simulation runs are performed on a large set of fictitious project networks generated under a controlled design.

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    Article provided by Elsevier in its journal Omega.

    Volume (Year): 38 (2010)
    Issue (Month): 5 (October)
    Pages: 359-370

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    Handle: RePEc:eee:jomega:v:38:y:2010:i:5:p:359-370
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    6. M. Vanhoucke, 2008. "The effect of project schedule adherence and rework on the duration forecast accuracy of earned value metrics," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 08/524, Ghent University, Faculty of Economics and Business Administration.
    7. Huang, Chi-Cheng & Chu, Pin-Yu & Chiang, Yu-Hsiu, 2008. "A fuzzy AHP application in government-sponsored R&D project selection," Omega, Elsevier, vol. 36(6), pages 1038-1052, December.
    8. Durbach, Ian N. & Stewart, Theodor J., 2009. "Using expected values to simplify decision making under uncertainty," Omega, Elsevier, vol. 37(2), pages 312-330, April.
    9. Elmaghraby, Salah E., 2000. "On criticality and sensitivity in activity networks," European Journal of Operational Research, Elsevier, vol. 127(2), pages 220-238, December.
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