In today’s business environment, traditional capital budgeting methods are no longer adequate to reflect the dynamic world of new economy. The typical project appraisal methods are based on Discounted Cash Flow (DCF)-based measures like Net Present Value (NPV) and Internal Rate of Return...

In order toremain competitive in today'sbusiness world, corporations must maintain ongoing expansion in research anddevelopment (R&D).Since it is advantageous for corporations todetermine the most viable projects in which to invest R&D, a hybridselection model is proposed to consider the factors...

We develop a theory of organization design in which the firm's structure is chosen to mitigate moral hazard problems in the selection and the implementation of projects. For a given set of projects, the divisional structure which gives each agent the full responsibility over a subset of projects...

The paper addresses the evaluation of outcomes of collaborative, pre-competitive R&D projects. It draws on some empirical analysis carried out on data and information gathered under the UK "LINK" scheme, a programme supporting R&D collaborative projects and assessing collaboration outcomes. A...

The performance of public sector projects is comparatively low. Top management support is one of the critical success factors that adversely affect performance of projects in organizations. A large number of studies have been conducted on top management support as a single dimensional construct...

Project Alliancing and Relationship Contracting have been used as project delivery systems for a number of major projects in Australia over the last 10 years including the Pacific Motorway in Queensland and the National Museum in Canberra. These commercial contracts are based on the following...

Projects involving new product development often require tight collaboration among several firms. The success of such projects depends on all firms' committing resources and generating high quality outputs. We consider a setting with a firm and her collaborator engaging in a collaborative...

The aim of this paper is to analyse existing feasibility study methods, more precisely to suggest the possible use of the reflection method in the process of feasibility. The main goal of the feasibility study is to find out if the project is possible. Reflection method (ReMe) is a general tool...

Dutch Abstract Integrale DBFM-contracten in de transportinfrastructuur zijn nieuw en het duurt nog jaren voordat de eerste contracten aflopen. Om eerder al een indruk te krijgen van de prestatie van DBFM is systematische evaluatie nodig. Maar hoe evalueer je projectresultaten die in een wirwar...

In the implementation phase of transportation infrastructure projects, unplanned events will inevitably occur. Although this is increasingly acknowledged, little systematic research has been conducted into what management strategies are best for dealing with these unplanned events. This article...