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A mathematical model for crashing projects by considering time, cost, quality and risk

Authors :
Amin Mahmoudi
Mohammad Reza Feylizadeh
Source :
Journal of Project Management, Vol 2, Iss 1, Pp 27-36 (2017)
Publication Year :
2017
Publisher :
Growing Science, 2017.

Abstract

Employers are looking for reducing execution time and maintaining the quality of the projects that are the main objective of the projects. In this article, we focus on crashing projects by con-sidering different factors such as cost, time, quality and risk. For the proposed integer linear model, cost of conformance and cost of non-conformance are considered as parts of the costs of quality of deliverables in projects. The cost of conformance consists of the costs of training the project team, inspection and test of deliverables. The cost of non-conformance also includes costs of rework and scrap. Project risk management is one of the important aspects of the pro-jects. The present study also considers the impact of risks, which is highly applicable in projects with a high level of uncertainty. Results are presented using integer programming approach with the aim of minimizing the costs of the project.

Details

Language :
English
ISSN :
23718366 and 23718374
Volume :
2
Issue :
1
Database :
Directory of Open Access Journals
Journal :
Journal of Project Management
Publication Type :
Academic Journal
Accession number :
edsdoj.2caee7b437c447b3b4de6fc9eb2be248
Document Type :
article
Full Text :
https://doi.org/10.5267/j.jpm.2017.5.002