We present a simplified model to provide a virtual laboratory to test the effects of the use of different performance evaluation measures to design manager’s incentives in a project-based professional service organization. Our company’s owner has to cope with the scheduling of multiple...

This paper involves the multi-mode capital-constrained project payment scheduling problem, where the objective is to assign activity modes and payments so as to maximize the net present value (NPV) of the contractor under the constraint of capital availability. In the light of different payment...

We present a simplified model to provide a virtual laboratory to test the effects of the use of different performance evaluation measures to design manager’s incentives in a project-based professional service organization. Our company’s owner has to cope with the scheduling of multiple...

Based on theoretical arguments and empirical evidence we advocate the use of the lognormal distribution as a model for activity times. However, raw data on activity times are often subject to rounding and to the Parkinson effect. We address those factors in our statistical tests by using a...

It is generally accepted that the three major dimensions of project success are time, budget, and quality. Most of the research in project planning is focused on the time-cost trade-off, and only a few papers have considered the three dimensions together. This paper describes the evolution of...