Title:

A new approach to avoiding cost overruns and implementation delays in future large projects in aerospace business

Group publication title:

Nauki o Zarządzaniu = Management Sciences

Title in english:

Management Sciences

Creator:

Winter, Christoph

Subject and Keywords:

project implementation ; cost overruns ; risk ; parametric estimate ; planning very large scale projects ; aircraft ; realizacja projektu ; przekroczenia kosztów ; ryzyko ; wycena parametryczna ; planowanie bardzo dużych projektów ; samoloty

Description:

Nauki o Zarządzaniu = Management Sciences, 2015, Nr 4 (25), s. 125-144

Abstrakt:

Large Projects in Aerospace Business (LPAB) notoriously face significant delays and cost overruns. The starting point is: reduction of risk for both deviations between planned and actual cost and time would increase profitability of a project. That means, if project duration and volume could be predicted more precisely, the risk for delays and cost overruns would be reduced while profitability would be improved through allocating resources when and where they are actually needed. This questions the efficiency of presently applied planning methods to yield proper estimates for project volume and duration. The initial approach to this problem started off with learning curves and developed into parametric estimate models mainly for cost. Over decades it was a main attempt to make the models robust for technical progress and to increase flexibility with regard to different kind of aircraft but there were still significant deficiencies. This article introduces a new approach to overcome above deficiencies and the corresponding parametric estimate models to determine project volume and duration for future aircraft projects

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2015

Resource Type:

artykuł

Format:

application/pdf

Resource Identifier:

doi:10.15611/noz.2015.4.08

Language:

eng

Relation:

Nauki o Zarządzaniu = Management Sciences, 2015, Nr 4 (25)

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu