Developing Project Performance Evaluation Model to Minimize Project Delay Based on Some Ongoing Industrial Projects
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Date
2004-06
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Addis Ababa University
Abstract
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
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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.
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Mechanical Engineering