Optimization of Multi-Project Environment (OPMPE)

Construction business is project oriented and that is why every construction organization is dependent on projects. Typically they undertake multiple projects with limited multiple resources and information. Most importantly they need to take continuous and quick decisions to keep it going. The reason behind this is lack of tools and structured approach that can efficiently deal with multi-project environment (PME). Resulting is problem of wrong project selection, project slippage and under/over utilization of scares resources. This paper presents a simulation model (OPMPE) for optimizing MPE. The model is capable of analyzing and predicting future problems, assessing the cumulative impact and generates valuable statistics and information for quick decision-making. It will work together with the available scheduling tools and will help strengthening the overall planning and execution system for MPE. The application and of the model is demonstrated using a collection of real project da...

• Type: Conference
• Year: 2008
• Where: WSC
• Authors: Lokman Hossain, Janaka Ruwanpura
• Keywords: Limited Multiple Resources, Modeling And Simulation, Project, Wrong Project Selection, WSC 2008