Advancing Strategic Planning and Dynamic Control of Complex Projects
Strategic project planning and dynamic control is essential for ensuring complex projects to be executed best-fit for common purpose. When best-for-project strategies are no longer conceivable for humans, there is a need for effective and efficient computer-aided decision support. To this end, stand...
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Published in | arXiv.org |
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Main Authors | , , |
Format | Paper |
Language | English |
Published |
Ithaca
Cornell University Library, arXiv.org
22.08.2024
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Subjects | |
Online Access | Get full text |
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Summary: | Strategic project planning and dynamic control is essential for ensuring complex projects to be executed best-fit for common purpose. When best-for-project strategies are no longer conceivable for humans, there is a need for effective and efficient computer-aided decision support. To this end, standard simulation-driven evaluation and a-posteriori decision-making is often used instead of a combined simulation and optimisation approach that a-priori integrates the stakeholders goal orientation and risk management into a best-fit design solution. However, recently developed state-of-the-art planning and control methodologies that do already incorporate this integration still lack a stochastic representation and/or an associative multi-objective approach. This paper presents a new project management methodology, called Odycon (Open design and dynamic control), which dissolves the aforementioned shortcomings. To enable this, a generic mathematical statement is first formulated for project planning and dynamic control uniting technical logistical) capabilities, human goal-oriented behaviour, and stakeholders interests. Then, both Monte-Carlo simulation (MCS) and the Integrative Maximisation of Aggregated Preferences (IMAP) optimisation method are combined, resulting in a best-fit strategic planning and dynamic control methodology. Odycons use and added value are demonstrated for two applications: (1) a pure strategic planning of an offshore wind installation project, and (2) a pure dynamic control of a highway infrastructure construction project. Both applications demonstrate Odycons advances in concurrent and associative design and decision-making, offering best-fit for common purpose synthesis for different complex project phases. |
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ISSN: | 2331-8422 |