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Paradox of the Bermuda Triangle Applying Systems Engineering in a PPP‐environment
Author(s) -
Audsley Robert,
Vooren René,
Elich Erik
Publication year - 2008
Publication title -
incose international symposium
Language(s) - English
Resource type - Journals
ISSN - 2334-5837
DOI - 10.1002/j.2334-5837.2008.tb00926.x
Subject(s) - closed loop , incentive , general partnership , control (management) , order (exchange) , loop (graph theory) , public–private partnership , business , computer science , process management , engineering management , engineering , economics , control engineering , finance , microeconomics , mathematics , combinatorics , artificial intelligence
Applying Systems Engineering to a Public Private Partnership (PPP) contract requires a closed‐loop control between the project goals, the project management and the content itself. Unexpected events, contradicting incentives and many more reasons can easily open the closed‐loop without initially being perceived. All parties involved should participate actively at peer levels in order to assure the closed‐loop control. The transparent and phased approach of Systems Engineering supports achieving this peer level closed‐loop control.