Risk management in Botswana has been very ineffective at assisting projects to be on time, on budget, and meeting client＇s/buyer＇s expectations. Traditional risk management attempts to manage, control, and direct a ...Risk management in Botswana has been very ineffective at assisting projects to be on time, on budget, and meeting client＇s/buyer＇s expectations. Traditional risk management attempts to manage, control, and direct a project through various phases, from planning and design, through procurement, and to construction. However, the risk management in Botswana seems to be either not implemented or not successful. The project performance in Botswana has a poor performance record. The researchers are attempting to identify why the traditional project/risk management is not working. In analyzing the problem in Botswana, the researchers discovered that the traditional risk management model was theoretically unsound, and designed a new project and risk model, with an entirely different approach to risk. The new model is an outgrowth of the highly successful Performance Information Procurement System （PIPS） and the Information Measurement Theory （IMT）/Kashiwagi Solution Model （KSM） concepts. The approach has been presented to some Botswana clients and academics and has received a favorable response. The development of the new risk model will lead to a huge change in the paradigm for delivering projects in Botswana. The theoretical development of the new risk model is ongoing at the University of Botswana as a part of a doctoral dissertation.展开更多
Chemical industry project management involves complex decision making situations that require discerning abilities and methods to make sound decisions. Chemical engineers as project managers are faced with decision en...Chemical industry project management involves complex decision making situations that require discerning abilities and methods to make sound decisions. Chemical engineers as project managers are faced with decision environments and problems in chemical industry projects that are complex. Multiple-criteria decision making （MCDM） approaches are major parts of decision theory and analysis. This paper presents all of MCDM approaches for use in chemical engineering management decisions. In this work, case study is Research and Development （R＆D） project selection in chemical industry. The ability to make sound decisions is very important to success of R＆D projects. It is hoped that this work will provide a ready reference on MCDM and this will encourage the application of the MCDM in chemical engineering management.展开更多
文摘Risk management in Botswana has been very ineffective at assisting projects to be on time, on budget, and meeting client＇s/buyer＇s expectations. Traditional risk management attempts to manage, control, and direct a project through various phases, from planning and design, through procurement, and to construction. However, the risk management in Botswana seems to be either not implemented or not successful. The project performance in Botswana has a poor performance record. The researchers are attempting to identify why the traditional project/risk management is not working. In analyzing the problem in Botswana, the researchers discovered that the traditional risk management model was theoretically unsound, and designed a new project and risk model, with an entirely different approach to risk. The new model is an outgrowth of the highly successful Performance Information Procurement System （PIPS） and the Information Measurement Theory （IMT）/Kashiwagi Solution Model （KSM） concepts. The approach has been presented to some Botswana clients and academics and has received a favorable response. The development of the new risk model will lead to a huge change in the paradigm for delivering projects in Botswana. The theoretical development of the new risk model is ongoing at the University of Botswana as a part of a doctoral dissertation.
文摘Chemical industry project management involves complex decision making situations that require discerning abilities and methods to make sound decisions. Chemical engineers as project managers are faced with decision environments and problems in chemical industry projects that are complex. Multiple-criteria decision making （MCDM） approaches are major parts of decision theory and analysis. This paper presents all of MCDM approaches for use in chemical engineering management decisions. In this work, case study is Research and Development （R＆D） project selection in chemical industry. The ability to make sound decisions is very important to success of R＆D projects. It is hoped that this work will provide a ready reference on MCDM and this will encourage the application of the MCDM in chemical engineering management.
