DocumentCode :
2419168
Title :
Technology management: using a DSS in project cost analysis
Author :
Gottardi, G. ; Coppola, L.
Author_Institution :
Padova Univ.
fYear :
1997
fDate :
27-31 Jul 1997
Firstpage :
393
Abstract :
Summary form only as given. A crucial issue in technology management is the successful implementation of complex and innovative projects. A difficult problem is the ex-ante economic estimation, from the feasibility analysis to project budgeting and implementation. Due to the presence of technical and financial risks, this problem becomes more critical the greater the size of the project and the less experience on technology is available. The traditional procedures of cost estimating used in the engineering field are unsuccessful in these cases: the lack of information prevents the possibility of implementing the traditional “bottom-up” analytical techniques of cost estimating; moreover, innovation reduces the value of the experience, and as a consequence the possibility of using parametric models of cost estimating based on appropriate statistical techniques. In the case of large, complex and innovative projects, new approaches and more sophisticated models are requested. The aim of the paper is to illustrate some criteria to face complexity and innovation in project cost estimation, with particular reference to large engineering projects. Both theoretical aspects and practical approaches are exposed; the scope is to verify the utility of new conceptual instruments in building reliable computer-aided cost estimating models. A schematic description of the characteristics of a computer tool that has been developed and now applied in power industry, offers a practical example
Keywords :
costing; decision support systems; economics; project engineering; project management; DSS; complexity; computer-aided cost estimating models; economic estimation; engineering projects; feasibility analysis; innovation; project budgeting; project cost analysis; technology management; Costs; Decision support systems; Information analysis; Parametric statistics; Power engineering and energy; Power engineering computing; Power generation economics; Reliability engineering; Technological innovation; Technology management;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Innovation in Technology Management - The Key to Global Leadership. PICMET '97: Portland International Conference on Management and Technology
Conference_Location :
Portland, OR
Print_ISBN :
0-7803-3574-0
Type :
conf
DOI :
10.1109/PICMET.1997.653427
Filename :
653427
Link To Document :
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