Stakeholder management strategies during construction project work

This paper engages with stakeholder management practices from the building phase of hospital construction projects to analyse the methods employed by contractor and client in a construction project context. A series of vignettes illustrating stakeholder management practices in action are combined with the insights of a Client Relations Manager with direct responsibility for stakeholder management affairs. The paper provides practical guidance for practitioners and explores how stakeholder management issues revolve around the emerging event, with a supporting apparatus to facilitate communication and collaboration being critical to stakeholder interests and concerns being addressed. The insights are valuable for multiple health facility contexts where obtaining and maintaining stakeholder support is important

The long way to professional recognition: : project management in Italy

This document is the Accepted Manuscript version of the following article: Luca Sabini, and Danie Muzio, ‘The long way to professional recognition: project management in Italy’, International Journal of Managing Projects in Business, Vol. 10 (4):822-840, September 2017. The final, published version is available online at DOI: https://doi.org/10.1108/IJMPB-02-2017-0011.Purpose: The professionalization of project management (PM) profession has developed differently according to the different environments in which it has been introduced. The purpose of this paper is to examine an example of this professional project (Italy) with this research question: “what have been the professionalization strategies of PM professional associations within Italian field?” Design/methodology/approach: The authors develop a qualitative case study made up of semi-structured interviews and archival data. Findings: The analysis demonstrates how PM in Italy has embarked on a clear upward trajectory in terms of its occupational size, economic significance and institutional development. However, the development of PM in Italy considerably lags behind Anglo-Saxon countries. The authors also identify three main strategies through which this professionalization project is being accomplished (see Section 5). These are corporate engagement, expanding membership and institutional recognition. Research limitations/implications: The study reviews the professionalization of PM in Italy. This is not a comparative study, but rather highlights Italian PM professionalization. Moreover, the authors expect significant findings could be reached with a comparable research across different national contexts. Originality/value: This work constitutes the first detailed and comprehensive study in the field of PM within the Italian context.Peer reviewedFinal Accepted Versio

GIS Project Management

There is a big gulf between GIScience as an academic endeavor and its application in the form of GIS project management in the real world. Project activities are complex because they rarely involve routine repetitive acts, but often require specific knowledge and skills to be used in their design, execution, and management. This article explains what project management is, its objectives, and the required ingredients from personnel to budgets, and the integration of the GIS project into the larger context of an organization’s and even societal culture

Combination of Growth Model and Earned Schedule to Forecast Project Cost at Completion

To improve the accuracy of early forecasting the final cost at completion of an ongoing construction project, a new regression-based nonlinear cost estimate at completion (CEAC) methodology is proposed that integrates a growth model with earned schedule (ES) concepts. The methodology provides CEAC computations for project early-stage and middle-stage completion. To this end, this paper establishes three primary objectives, as follows: (1) develop a new formula based on integration of the ES method and four candidate growth models (logistic, Gompertz, Bass, andWeibull), (2) validate the new methodology through its application to nine past projects, and (3) select the equation with the best-performing growth model through testing their statistical validity and comparing the accuracy of their CEAC estimates. Based on statistical validity analysis of the four growth models and comparison of CEAC errors, the CEAC formula based on the Gompertz model is better-fitting and generates more accurate final-cost estimates than those computed by using the other three models and the index-based method. The proposed methodology is a theoretical contribution towards the combination of earned-value metrics with regression-based studies. It also brings practical implications associated with usage of a viable and accurate forecasting technique that considers the schedule impact as a determinant factor of cost behavio

An integrated approach to supply chain risk analysis

Despite the increasing attention that supply chain risk management is receiving by both researchers and practitioners, companies still lack a risk culture. Moreover, risk management approaches are either too general or require pieces of information not regularly recorded by organisations. This work develops a risk identification and analysis methodology that integrates widely adopted supply chain and risk management tools. In particular, process analysis is performed by means of the standard framework provided by the Supply Chain Operations Reference Model, the risk identification and analysis tasks are accomplished by applying the Risk Breakdown Structure and the Risk Breakdown Matrix, and the effects of risk occurrence on activities are assessed by indicators that are already measured by companies in order to monitor their performances. In such a way, the framework contributes to increase companies' awareness and communication about risk, which are essential components of the management of modern supply chains. A base case has been developed by applying the proposed approach to a hypothetical manufacturing supply chain. An in-depth validation will be carried out to improve the methodology and further demonstrate its benefits and limitations. Future research will extend the framework to include the understanding of the multiple effects of risky events on different processe

Increasing convergence between the recognition of an intangible asset for financial accounting purposes and strategic management accounting and project management techniques

New management techniques such as 'just-in-time', 'lean manufacturing' and 'Six Sigma' allow management accountants to shift their focus from the management and control of production processes to the management of strategic issues. This paradigm shift resulted from shorter product life cycles, due to technological advances and a more competitive business environment. Recent revisions to the International Accounting Standards which are particularly supportive of life cycle costing and project management are likely to increase the focus on strategic management accounting further. This article describes developments in management accounting and the recent convergence of financial reporting in terms of International Accounting Standards with strategic management accounting and project management techniques. Strategic management accounting (particularly life cycle costing) involves applying project management techniques and using the calculus of investment to manage the project as a whole. This contrasts with managing only costs and revenues during the manufacturing phase of a project. The article demonstrates that project management techniques and the calculus of investment provide the information needed to account for the value of a project in terms of IAS 38: Intangible Assets. This will ultimately give rise to both improved decision-making and more relevant financial reporting

Private finance for the delivery of school projects in England

This paper analyses the use of the private finance initiative (PFI) approach to deliver school projects in England. The findings are based on case-study research in the Building Schools for the Future scheme (BSF), the largest single capital investment in SO years to rebuild and renew all of England's secondary schools. Up to half of the school infrastructure is to be procured by PFI contracts. A major concern has been the high cost associated with PFI procurement and any subsequent changes to scope. Furthermore, in some cases PFI-funded schools have been closed soon after completion; at great cost to the public sector. The aim of this research was therefore to understand the underlying reasons for these problems. The main conclusion is that the difficulties in BSF arise from not sorting out strategic issues and instituting appropriate organisational frameworks before engaging the private sector. The result of this is a lack of clarity about the long-term needs and end user aspirations. A brief outline of current programme management methods is given and it is suggested that this might be integral to the successful delivery of schools using private finance. A clear strategic vision that cascades into projects via programmes will ensure that the school infrastructure is appropriate for the anticipated strategic benefits and is aligned to the overall service delivery ambitions