With the rising number and importance of projects in diff erent business and other areas, the need to support persons in charge of or working on projects is becoming more and more topical. Accurate and timely data about project plans, actual progress and costs, proposed solutions etc. are of...

This paper analyzes situations in which a project consisting of several activities is not realized according to plan. If the project is expedited, a reward arises. Analogously, a penalty arises if the project is delayed. This paper considers the case of arbitrary nondecreasing reward and penalty...

Each of an organization’s many activities transforms inputs into outputs. Managing these activities involves allocating input resources for some activities and assigning output targets for others. Making these decisions is especially difficult in the presence of uncertainty. In practice, many...

Recently, Hahn (2008) has proposed the mixture between the uniform and the beta distributions as an alternative to the beta distribution in PERT methodology which allows for varying amounts of dispersion and a greater likelihood of more extreme tail-area events. However, this mixture lacks a...

In the past two decades, the globalization of financial markets and multinational trade has intensified internationally, and become increasingly competitive. In the construction industry, critical changes are initiated to reduce operating costs for achieving sustainable operation. Conventional...

El presente artículo describe el marco conceptual de la administración de proyectos. Además, se da a conocer el apoyo que por medio del Instituto de Administración de Proyectos se puede obtener para manejar proyectos, y se explica cuál es el aporte que tanto la guía PMBOK como la...

The practices of international construction contracting have been prevalent increasingly over the past half a century. Altough the contractors of highly developed world have dominated this field, there tends to be more players from newly emerging countries like China. The history of China's...

The importance of the human side of project management to assess the success of international development project has not been fully considered yet. An analysis of the literature on the project success definition, focused on the success criteria and success factors, was carried out. The...

Increasing interest in the topic of sustainable development is observable in business context (Porter & Kramer, 2011). The necessity to integrate sustainability principles into core processes of a company to receive performance benefits are widely discussed (Wagner 2007). During the last years...