A generic model of project management with Vensim

2008

Masteroppgave i informasjons- og kommunikasjonsteknologi 2008 – Universitetet i Agder, Grimstad Large projects without good management will often cause cost and deadline overruns, missing the project scope and insufficient quality. The construction of the channel tunnel which link between England and France was budgeted at $7 billion, but it entered service in the second half of 1994 with a price tag of $13 billion. The Disneyland in Paris initially planned to cost $2.25 billion in the project, but finally cost $4 billion. Some projects are even never finished, typically software projects System dynamics has proven to be an effective methodology to explain the reasons of project failure and…