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Project trade-off decisions - the gap between reality and the academic world

Project trade-off decisions - the gap between reality and the academic world
Project trade-off decisions - the gap between reality and the academic world
This paper draws attention to project trade-offs significance in project management and critically reviews the current state of the knowledge on the elements to be considered and the methods to resolve trade-off decisions. Traditionally the elements to be considered in trade-offs are mainly limited to time and cost and to some extent quality or risk or the well-known Project Triangle. The trade-off methods are also dominantly developed based on mathematical models familiar in Operations Research. The limitations of traditional approaches in identifying trade-off elements; the constraints of the common methods of trade-off resolution; and the necessity of compatibility between resolution methods and features of trade-off decisions are highlighted. The researchers‟ approach and methodology to fill the gap between the realities of project trade-off decisions mainly based on the compatibility of the decision problem characteristics and capabilities of the decision making method are described.
468-478
Vahidi, Ramesh
74f9288f-a35c-4a3e-990b-d22deb0c9590
Greenwood, D.
ed0e20cd-660f-4eb4-a07c-1dfcf226048d
Vahidi, Ramesh
74f9288f-a35c-4a3e-990b-d22deb0c9590
Greenwood, D.
ed0e20cd-660f-4eb4-a07c-1dfcf226048d

Vahidi, Ramesh and Greenwood, D. (2010) Project trade-off decisions - the gap between reality and the academic world. CIB 2010 World Congress ‘Building a Better World', , Salford, United Kingdom. 11 - 13 May 2010. pp. 468-478 .

Record type: Conference or Workshop Item (Paper)

Abstract

This paper draws attention to project trade-offs significance in project management and critically reviews the current state of the knowledge on the elements to be considered and the methods to resolve trade-off decisions. Traditionally the elements to be considered in trade-offs are mainly limited to time and cost and to some extent quality or risk or the well-known Project Triangle. The trade-off methods are also dominantly developed based on mathematical models familiar in Operations Research. The limitations of traditional approaches in identifying trade-off elements; the constraints of the common methods of trade-off resolution; and the necessity of compatibility between resolution methods and features of trade-off decisions are highlighted. The researchers‟ approach and methodology to fill the gap between the realities of project trade-off decisions mainly based on the compatibility of the decision problem characteristics and capabilities of the decision making method are described.

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Project Trade-Off Decisions - The Gap between Reality and the Academic World’ - Accepted Manuscript
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More information

Published date: May 2010
Venue - Dates: CIB 2010 World Congress ‘Building a Better World', , Salford, United Kingdom, 2010-05-11 - 2010-05-13

Identifiers

Local EPrints ID: 435618
URI: http://eprints.soton.ac.uk/id/eprint/435618
PURE UUID: f10d3e6c-c3e1-482e-8546-fa5312d0edbd

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Date deposited: 14 Nov 2019 17:30
Last modified: 12 Dec 2021 07:08

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Contributors

Author: Ramesh Vahidi
Author: D. Greenwood

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