On the fallacy of averages in project risk management

Article Abstract:

A study on the issue of uncertainty relating to average estimates of resources, cost, and time factors in project risk management is presented. Findings demonstrate the inherent problems of using average estimates in preparing for uncertainty.

Management dynamics, Asset & Risk Management, Management, Risk management, Company business management, Uncertainty, Average, Mean (Statistics)

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Properties of multi-mode resource-constrained project scheduling problems with resource vacations and activity splitting

Article Abstract:

A study uses branch-and-bound method to examine scheduling problems in a multi-mode resource constrained project.

Thailand, Branch and bound algorithms

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Priority rule-based heuristic for multi-mode resource-constrained project scheduling problems with resource vacations and activity splitting

Article Abstract:

A study on project scheduling, using heuristics, with relation to moving resource strength is presented.

Heuristic programming

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