Optimization analysis for design and planning of multi-project programs

Program management concerns the long term planning, coordination, and control of major technological, engineering, scientific, and/or developmental activities. In general, programs tend to be exceptionally large, consisting of several parallel or sequential projects or groups of projects. While a la...

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Bibliographic Details
Published in:European journal of operational research 1998-06, Vol.107 (2), p.492-506
Main Authors: Wiley, Victor D., Deckro, Richard F., Jackson, Jack A.
Format: Article
Language:English
Subjects:
Applied sciences
Decomposition
Exact sciences and technology
Operational research and scientific management
Operational research. Management science
Optimization
Optimization techniques
Parametric programming
Planning
Planning. Forecasting
Program/project management
Project management
Scheduling
Scheduling, sequencing
Sensitivity analysis
Statistical analysis
Studies
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Summary:Program management concerns the long term planning, coordination, and control of major technological, engineering, scientific, and/or developmental activities. In general, programs tend to be exceptionally large, consisting of several parallel or sequential projects or groups of projects. While a large number of modeling efforts have focused at the project level, this paper looks at the application of optimization techniques to the initial design and development of multi-project programs. The classic work breakdown structure (WBS) is used as a framework to provide an aggregate model to investigate the effects of funding levels, resource allocation, and program, project, and component durations. Decomposition, sensitivity analysis, and parametric programming are utilized to provide the decision maker detailed information for establishing program parameters, conditions, and bounds.
ISSN:0377-2217
1872-6860
DOI:10.1016/S0377-2217(97)00334-2