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Strategic management of complex projects: a case study using system dynamics
Author(s) -
Lyneis James M.,
Cooper Kenneth G.,
Els Sharon A.
Publication year - 2001
Publication title -
system dynamics review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.491
H-Index - 57
eISSN - 1099-1727
pISSN - 0883-7066
DOI - 10.1002/sdr.213
Subject(s) - schedule , system dynamics , earned value management , project management , process management , project management triangle , project planning , process (computing) , extreme project management , work breakdown structure , strategic planning , project charter , engineering management , project portfolio management , computer science , operations research , operations management , opm3 , engineering , systems engineering , business , marketing , artificial intelligence , operating system
System dynamics models have been used extensively over the last 20 years on complex development projects and have proven their value in contributing to significantly improved project performance. System dynamics models facilitate the strategic management of projects, including planning the project (setting the initial schedule and budget, the organization structure, process model, etc.), determining measurement and reward systems, evaluating risks, and learning from past projects. The use of system dynamics for strategic project management is illustrated with a case study of the Peace Shield Air Defense System. On this project, the model was used to support the project bid, to identify and manage risks, and to assess the benefit of several process and organization changes which were implemented on the project. Upon completion, the project results were systematically compared to an earlier project to assess the management lessons—what worked and what did not, and what was the benefit. These lessons were systematized in a management learning system. Copyright © 2001 John Wiley & Sons, Ltd.