Use of big data in project evaluations

Purpose – The purpose of this paper is to investigate how Big Data can be used in project evaluations. Design/methodology/approach – The study is based on literature research and interviews with 15 professionals in IT, project and asset management and government agencies. The authors discuss and ill...

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Bibliographic Details
Published in:International journal of managing projects in business 2015-06, Vol.8 (3), p.491-512
Main Authors: Olsson, Nils O.E, Bull-Berg, Heidi
Format: Article
Language:English
Subjects:
Big Data
Building information modeling
Data analysis
Data mining
Datasets
Digital maps
Internet
Legislation
Management science & operations
Privacy
Project evaluation
Project management
Property rights
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Summary:Purpose – The purpose of this paper is to investigate how Big Data can be used in project evaluations. Design/methodology/approach – The study is based on literature research and interviews with 15 professionals in IT, project and asset management and government agencies. The authors discuss and illustrate what data that can be used for project evaluations and discuss potential obstacles. Findings – New data is creating new opportunities to analyse a phenomenon based on different types of data. Interesting data categories include: internet traffic, movement-related data, physical environment data and data in organisational internal systems. The authors show how these data categories can be applied in project evaluations. Research limitations/implications – Big Data gives an opportunity to add quantitative data in ex post evaluations. Use of Big Data can serve as a step towards a stronger technology focus in evaluations of projects. Practical implications – There are major advantages in using Big Data, increasing the opportunities to find indicators that are relevant when a project is evaluated. Social implications – Possible problematic issues related to use of Big Data that are addressed in the study include: availability, applicability, relevance, privacy policy, ownership, cost and competence. The study indicates that none of the challenges need to hinder use of Big Data when evaluating projects, provided that the issues are properly managed. Originality/value – The study illustrates how Big Data can be applied in project management research.
ISSN:1753-8378
1753-8386
DOI:10.1108/IJMPB-09-2014-0063