Identifying And Acting On Early Warning Signs In Complex Projects Electronic Resource
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| Author | : Ole Jonny Klakegg |
| Publisher | : |
| Total Pages | : 22 |
| Release | : 2011 |
| Genre | : Risk assessment |
| ISBN | : |
This paper considers how project assessments may be used to identify early warning signs in projects, and how complexity influences it. This study confirms the main findings in earlier literature and gives an overview of current documented practice. Then comprehensive empirical research is performed to expand this. Results show that project professionals are not very good at detecting early warning signs and even less good at acting on them. Barriers that lead to this are identified. Identifying and acting on early warning signs is particularly important in the initiation or set-up phase of the project, but also relevant in later phases, including execution. The nature of early warning signs and the way these can be detected change over time and with the evolving situation. We see that project assessments, typically performed as part of gateways, are useful in identifying early warnings connected to the documentation and formalities of the project. As the complexity increases, the assessments have more limited use, and the project is increasingly dependent on detecting early warning signs by informal "gut-feel" approaches. This indicates the increased importance of knowledge, experience, and communication skills in complex situations. The paper concludes with a list of early warning signs.
| Author | : Ole Jonny Klakegg |
| Publisher | : Project Management Institute |
| Total Pages | : 220 |
| Release | : 2010-12-01 |
| Genre | : Business & Economics |
| ISBN | : 1628251697 |
Complex projects are often the most high-profile projects within an organization. How can early warning signs be identified and acted upon, so that problems are avoided and projects are successful in delivering the expected value for their owners and other stakeholders? What signals should we look for? Looking for early warning signs takes more than a keen eye. Collaborating with the Norwegian University of Science and Technology in Trondheim and the University of Southampton in the United Kingdom, Ole Jonny Klakegg, Terry Williams, Derek Walker, Bj&ørn Andersen, and Ole Morten Magnussen have expanded on their research of governance frameworks and guidelines as well as provided interviews with experts and case studies from Australia, Norway, and the United Kingdom. This international report identifies early warning signs in highly complex projects and offers tips on how to combat them.
| Author | : Sara Hajikazemi |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 228 |
| Release | : 2015-11-06 |
| Genre | : |
| ISBN | : 9783659588235 |
Despite the application of project management tools and techniques in projects worldwide, still a large number of projects fail to meet their objectives. Based on studies on the history of failed projects, it is obvious that projects do not result in failure overnight. With hindsight, project managers are often able to point out the most likely factors leading to project failure. One approach towards prevention of project failure or deviation from the main goal is to attempt to detect possible signs of project failure in early stages of projects. These signs are referred to as Early Warning signs. The challenge for project managers is to identify these signs and attempt to respond to them in order to prevent the negative circumstances. Although it is not a proven fact that identification of EW signals is a guarantee against project failure, there are a number of resources which consider paying attention to these signals and attempt to respond to them as a contribution to project success. This book provides better understanding of the Early Warning phenomenon, possible approaches for identifying them and the barriers against effective responses to these signs in practice.
| Author | : |
| Publisher | : |
| Total Pages | : 16 |
| Release | : 2010 |
| Genre | : Electronic government information |
| ISBN | : |
| Author | : Sara Haji-Kazemi |
| Publisher | : |
| Total Pages | : 15 |
| Release | : 2013 |
| Genre | : Project management |
| ISBN | : |
This paper provides an overview of the full extent of early warning detection approaches, which are directly or indirectly addressed in the literature. These approaches can aid project managers in taking corrective actions timely enough for preventing failures. This paper is based on a review of the current literature within the field of early warning in project management and on the authors' experiences gained from practice. It also builds upon the authors' experiences in various forms, both through advising and supervising project management teams and through observations and studies of projects. The authors extract possible approaches for early warning signs (EWS) from the literature and practical experience, and make a thorough discussion of their strengths and weaknesses. Specifically, the paper addresses these questions: (1) What approaches exist for detecting early warning signs and how can they be categorized; and (2) What are the strengths and weaknesses of different EWS detection approaches under different circumstances? The authors conclude that the choice of the most effective approach is arguably dependent on the type of project, organizational culture, and the project environment.
| Author | : Khosrow-Pour, D.B.A., Mehdi |
| Publisher | : IGI Global |
| Total Pages | : 1482 |
| Release | : 2018-09-14 |
| Genre | : Business & Economics |
| ISBN | : 1522573631 |
Businesses consistently work on new projects, products, and workflows to remain competitive and successful in the modern business environment. To remain zealous, businesses must employ the most effective methods and tools in human resources, project management, and overall business plan execution as competitors work to succeed as well. Advanced Methodologies and Technologies in Business Operations and Management provides emerging research on business tools such as employee engagement, payout policies, and financial investing to promote operational success. While highlighting the challenges facing modern organizations, readers will learn how corporate social responsibility and utilizing artificial intelligence improve a company’s culture and management. This book is an ideal resource for executives and managers, researchers, accountants, and financial investors seeking current research on business operations and management.
| Author | : Management Association, Information Resources |
| Publisher | : IGI Global |
| Total Pages | : 2453 |
| Release | : 2016-06-09 |
| Genre | : Business & Economics |
| ISBN | : 1522501975 |
Organizations of all types are consistently working on new initiatives, product lines, or implementation of new workflows as a way to remain competitive in the modern business environment. No matter the type of project at hand, employing the best methods for effective execution and timely completion of the task at hand is essential to project success. Project Management: Concepts, Methodologies, Tools, and Applications presents the latest research and practical solutions for managing every stage of the project lifecycle. Emphasizing emerging concepts, real-world examples, and authoritative research on managing project workflows and measuring project success in both private and public sectors, this multi-volume reference work is a critical addition to academic, government, and corporate libraries. It is designed for use by project coordinators and managers, business executives, researchers, and graduate-level students interested in putting research-based solutions into practice for effective project management.
| Author | : Leon, Ramona-Diana |
| Publisher | : IGI Global |
| Total Pages | : 440 |
| Release | : 2020-06-19 |
| Genre | : Business & Economics |
| ISBN | : 1799845443 |
Against the backdrop of globalization, digitalization, and the new entrance of Generation Z on the labor market, the economic environment has started to become more dynamic, complex, and uncertain. New management, marketing, and accounting tools and strategies are needed to improve a company’s sustainability in the current collaborative economy. Strategies for Business Sustainability in a Collaborative Economy is a collection of innovative research that focuses on organizational tools and practices that may foster a company’s success in the new economic context, which is defined by the faster pace of technological progress and the entrance of Generation Z on the labor market. Thus, it analyzes how Generation Z transforms human resources policies and practices and how they change the concept of sustainability through their needs and expectations. Highlighting a wide range of topics including resource management, knowledge-based firms, and business models, this publication examines how business models evolve given the success recorded by newer companies. This book is ideally designed for entrepreneurs, executives, managers, economists, academicians, researchers, and students.
| Author | : Leon, Ramona-Diana |
| Publisher | : IGI Global |
| Total Pages | : 418 |
| Release | : 2017-07-12 |
| Genre | : Business & Economics |
| ISBN | : 1522527176 |
As the economy fluctuates, so does the need for resilient business practices. If organizations can remain strong and steady during difficult times, they will be more fruitful during successful periods as well. Managerial Strategies for Business Sustainability During Turbulent Times is a crucial resource that discusses successful methods and techniques for building sturdy company practices. Featuring pertinent topics such as sustainable supply chains, knowledge management, information sharing, and performance evaluations, this is an ideal scholarly reference source for CEOs, managers, business students, and researchers that would like to discover more unique and engaging ways to build a strong business foundation.
| Author | : Angel Martinez Sǹchez |
| Publisher | : |
| Total Pages | : 13 |
| Release | : 2004 |
| Genre | : Control |
| ISBN | : |
This paper shows the results from a survey of Spanish industrial companies on the use of early warning signals for the earliest possible identification of failing research and development (R & D) projects. Factor analysis indicates that project profitability and cooperation were the factors most responsible for the variance of early warning signals. On the other hand, checklists and ratios were the most used methods to organize early warning signals. The difference in the use of early warning signals depended on the company's R & D effort and the project size. There was also a dependent relationship between the use of early warning signals and the critical importance of success factors for R & D projects.
