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Activity flow optimization and risk evaluation of complex project

  • Dong Yu Chen*
  • , Wan Hua Qiu
  • , Min Yang
  • , Leung Mei-yung
  • *Corresponding author for this work
  • Beihang University
  • City University of Hong Kong

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

In order to effectively control the schedule and cost of complex project, this paper proposes an algorithm for optimizing activity sequences and a model for evaluating schedule/cost risks based on Dependency Structural Matrix (DSM) theory. The activity optimization algorithm aims to reduce unnecessary activity rework by arranging activity execution order properly. Risk evaluation model also takes account of the uncertainties of project activities as well as learning effects. The simulation result indicates that our optimization algorithm can effectively reduce cost and compress schedule for complex projects.

Original languageEnglish
Title of host publication2007 International Conference on Wireless Communications, Networking and Mobile Computing, WiCOM 2007
Pages5191-5194
Number of pages4
DOIs
StatePublished - 2007
Event2007 International Conference on Wireless Communications, Networking and Mobile Computing, WiCOM 2007 - Shanghai, China
Duration: 21 Sep 200725 Sep 2007

Publication series

Name2007 International Conference on Wireless Communications, Networking and Mobile Computing, WiCOM 2007

Conference

Conference2007 International Conference on Wireless Communications, Networking and Mobile Computing, WiCOM 2007
Country/TerritoryChina
CityShanghai
Period21/09/0725/09/07

Keywords

  • Complex projects
  • DSM
  • Project management
  • Simulation

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