Lecture 5. Project Dynamics Flashcards
Failure factors current projects?
Anglo saxon culture (uncertain certainties). Fixed in and output. Negation of complexity. Misconception of parties working together on a common goal. Tailor made unique buildings.
What does effectiveness x efficiency equal
Productivity
What are some consequences of Perception?
Over estimation of performance (output) at the start of project.
Under estimation of input (time and costs).
Principles of Project Dynamics?
in lecture notes lol
What is a project?
Finding a solution for a problem
Dev a system in its environ
Create form in a context
Deliver max output using min input
What are the condition for effective control?
A goal
Model of system in its environ
Information
Control Variety
Perception Stakeholders lay between which two positions?
The output and the value
The benefit stakeholders lay between what?
The value and the income
The benefit network owner lays between what?
The income and the input
The benefit problem owner lays between what?
The income and the budget
The risk budget environment lays between what?
The budget and the price
The profit problem solver lays between the what?
The price and the costs
The risk problem solver lays between the what?
The costs and the input
What is beneficial sharing?
Common interest/common goal striving for max total benefit (output/input ratio)
Difference between static project management and dynamic project management?
Static keeps the relations loose and variables fixed.
Dynamic keeps the relations fixed and variables loose.
