Developing Project Performance Evaluation Model to Minimize Project Delay Based on Some Ongoing Industrial Projects

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Addis Ababa University


Delays and cost overruns are the rule rather than the exception in most industrial projects, and project management suffers from numerous problems of costing and scheduling. Cost overruns of 50 to 100% are common. Projects are often delayed to the point where the market conditions for which they were designed have changed. Many projects suffer from the "90% syndrome" in which a project is thought to be 90% complete for half the total time required. There is consensus among researchers and industry experts that one of the principal barriers to promote improvement in industrial projects is the lack of appropriate performance measurement. For continuous improvement to occur it is necessary to have performance measures which check and monitor performance, to verify changes and the effect of improvement actions, to understand the variability of the processes, and in general, it is a necessary to have objective information available in order to make effective decisions. The main body of this thesis is divided in to three major parts. The first part is a general literature review about the fundamentals and the process of project management, in which case the historical background of project management and the different functions of management (planning, organizing, monitoring and control) from the project stand point are revised. The second part of the thesis is all about data collection, analysis and presentation. In this case the different techniques of data collection are used to collect data and information some facts about Ethiopia on xi project performance evaluation criteria and the data is analyzed from different perspectives for presentation. In the last part of the thesis which is about the developing a general project performance evaluation model, three general project management models are discussed. Based on these general project management models and the data and information obtained from different parts of the country, a model is developed for performance evaluation. Finally a set of recommended model implementation steps and a general conclusion about the overall project performance evaluation is given.



Mechanical Engineering