Nowadays, in spite of all attempts in the area of project management, projects often fail due to project complexity, lack of holistic approach to project and finally inattention to non-linear aspect and dynamics of projects especially due to inability of project managers. This complexity will be more controversial in EPC (Erection, Procurement, Construction) companies such as Hydro Electric Power Plant (HEPP) construction companies.
This thesis aimed initially to enhance awareness and understanding of dynamics behavior more in EPC companies in the field of HEPP and as a case study in Farab Co. by making a general project management dynamic model for this company to support the effective teaching of dynamic thinking among project managers.
Secondly, one of the controversial projects was proposed by the company to be simulated in a dynamic model based on the actual information aiming to act as a conflict resolution tool.
As a result, holistic SD (System Dynamics) model of PM (Project management) was created for company by involving project managers. in addition, the second model revealed that the major exogenous factors affecting such cost and time overruns are comprising man power idle time caused by client such as interruptive visits of VIPs, cable crane failures and etc. as well as rework and repairs caused by delivering of manufactured equipments out of sequence and high defect rate of those equipments all imposed from client side.
Friday, March 30, 2007
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