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...

Cost and schedule deviation from the estimated baseline are common in construction projects and have a negative effect on construction activity, which is a substantial portion of the GDP in most countries. Previous research studies examined the causes of deviation in several countries including...

The article considers the scientific basis of project management innovation of commercial enterprises. An analysis of project management was done. The recommendations regarding professional project management are propsed.

The paper analyzes management risks Russia can face in implementing its arctic strategy, and the approaches to how coordinate national and regional priorities within this strategy. We prove a necessity to build an authorized body of the RF Government level whose mandate would be to coordinate...

When seeking to build high quality and cost-effective infrastructure in rural villages, a fundamental question is: Who is better at doing so? Should the village leadership or a government agency above the village finance and/or manage the construction of the infrastructure project? To answer...

In the design of procurement contracts, cost sharing, wherein the contractor receives a fixed fee plus a fraction of his cost, is common when the cost for completing the project is uncertain. We determine the best cost-sharing contract between a risk-neutral project manager and a risk-averse...

For Romania, European Integration came with new challenges for the entire society, especially for investment project promoters, including public higher education institutions. Investments in human capital development and education have an important role in a countryâ€(tm)s economic...

Internal communication is among one of the most important factors for success in project management. It helps the project managers take correct decisions, implement the right strategies and finish a project on time and within budget. Measuring internal communication and keeping track of its...

Being value based is one of the principles project management has to respect in order to be sustainable. Values are guidelines for human behavior that are shared by a large group of individuals. As projects can be differentiated from investments, also projects’ values can be differentiated...