Title :
New formal approach to project critical buffer
Author :
Blaszczyk, T. ; Blaszczyk, Pawel
Author_Institution :
Dept. of Oper. Res., Univ. of Econ., Katowice, Poland
Abstract :
This research focus on the problem of modeling and optimizing the time-cost trade-offs in project planning problem with taking into account the behavioral impact of planned human resources. As a distinct from the original Goldratt conception and heretofore research results and known applications we proposed an approach taking advantage not only from task duration overestimations, but primarily from overestimations of amounts of work expected to its completion. Proposed problem description contains both safe and reasonable amounts of work estimations. At the recent stage of research we introduced the influence factors matrix with the possibility of flexible resources assignment. The model uses a mechanism of motivating the resources through the creation of bonus fund from the pool of savings. Theoretical considerations are illustrated by the numerical example.
Keywords :
human resource management; incentive schemes; matrix algebra; numerical analysis; project management; Goldratt conception; behavioral impact; bonus fund; critical project buffer; factor matrix; flexible resource assignment; formal approach; human resource planning; numerical analysis; project planning problem; resource motivation; task duration overestimations; time-cost trade-off modeling; time-cost trade-off optimization; work overestimations; Estimation; Mathematical model; Operations research; Project management; Schedules; Vectors; project buffers; resource assignment; time-cost trade-off; work amount buffer;
Conference_Titel :
Industrial Engineering and Engineering Management (IEEM), 2012 IEEE International Conference on
Conference_Location :
Hong Kong
DOI :
10.1109/IEEM.2012.6837906