TAILIEUCHUNG - System dynamics applied to project management: a survey, assessment, and directions for future research

This era is characterised by a revolution in the development in the information management sector with the introduction of the personal computer (PC) and associated computer communications networking facilities. The result was availability of low cost PCs that had high efficiency in the management of project schedules. An example of major projects undertaken then (for there were several) is the Space Shuttle Challenger project of 1983 – 1986. The projects of the time focused on risk management, group dynamics, and quality management. . | System dynamics applied to project management a survey asseSsment and directions for future research James M. Lyneisa and David N. Fordb James M. Lyneis is a Professor of Practice at Worcester Polytechnic Institute and Senior Lecturer at MIT where he teaches both system dynamics and project management. Prior to his return to teaching he worked for 25 years in the Business Dynamics practice of PA Consulting Group formerly Pugh-Roberts Associates . His research interests include applications of system dynamics to project management business strategy and economics. David N. Ford is a Professor in the Construction Engineering and Management Program in the Zachry Department of Civil Engineering at Texas A M University. He teaches and researches project dynamics and the strategic planning and management of development projects. As an engineer in practice Dr Ford designed and managed government commercial and residential development projects. He received Bachelor s and Master s degrees in Civil Engineering from Tulane University and a PhD from MIT in Dynamic Engineering Systems. Abstract One of the most successful areas for the application of system dynamics has been project management. Measured in terms of new system dynamics theory new and improved model structures number of applications number of practitioners value of consulting revenues and value to clients project dynamics stands as an example of success in the field. This paper reviews the history of project management applications in the context of the underlying structures that create adverse dynamics and their application to specific areas of project management synthesizes the policy messages and provides directions for future research and writing. Copyright 2007 John Wiley Sons Ltd. Syst. Dyn. Rev. 23 157-189 2007 Context Projects abound in industry public service and many other endeavors. As a series of activities or tasks that 1 have a specific objective scope to be completed within certain specifications .

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