Modelling Project Trade-Off Using Bayesian Networks

Author

Fineman, Milijana ; Fenton, Norman ; Radlinski, Lukasz

Author_Institution

Sch. of Electron. Eng. & Comput. Sci., Queen Mary Univ. of London, London, UK

fYear

2009

fDate

11-13 Dec. 2009

Firstpage

1

Lastpage

4

Abstract

This paper considers trade-offs that may be made during project among time, cost and quality. Most projects are unique one-of-a-kind activities. Hence, the project manager may find it extremely difficult to stay within the time-cost-quality triangle. Different project trade-off preferences exist in different industries. Based on this we propose set of axioms in project risk management which reflect relationships between key project variables. The conceptual model we develop satisfies this basic set of axioms. We use Bayesian networks (BNs) to model project trade-off. The purpose is to provide a quantitative model for trade-off analysis in project risk management.

Keywords

belief networks; project management; risk management; software cost estimation; software management; software quality; Bayesian network; project risk management; project trade-off; project variable; time-cost-quality triangle; Bayesian methods; Computer science; Costs; Crisis management; Iron; Project management; Quality management; Resource management; Risk analysis; Risk management;

fLanguage

English

Publisher

ieee

Conference_Titel

Computational Intelligence and Software Engineering, 2009. CiSE 2009. International Conference on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-4507-3

Electronic_ISBN

978-1-4244-4507-3

Type

conf

DOI

10.1109/CISE.2009.5364789

Filename

5364789