Title :
Information visualisation in aid of construction project cash flow management
Author :
Khosrowshahi, Farzad
Author_Institution :
Fac. of the Built Environ., South Bank Univ., London, UK
Abstract :
Any negotiation involves consideration of several variables which act independently and collectively to determine the configuration of alternative outcomes. The numerical analysis of alternative options can be a tedious and lengthy exercise, thus inhibiting the negotiator from making informed decisions and indeed achieving the optimum benefit. Construction project financial management is an example where all related variables are up for negotiation between the main parities: the client, contractor and sub-contractors. This paper builds on the works previously introduced at IV conferences where the potential of the visual approach to the analysis of growth patterns was illustrated and the respective mathematical expressions were introduced. The paper collates these works into a conclusive visual method for instantaneous analysis of several variables that are influential in configuring construction project finance, thus preparing the contractor for informed negotiation with other parties
Keywords :
civil engineering computing; construction industry; data visualisation; engineering graphics; financial data processing; project management; client; construction project cash flow management; construction project financial management; contractor; information visualisation; informed decision making; negotiation; sub-contractors; visual method; Costs; Finance; Financial management; Numerical analysis; Pattern analysis; Predictive models; Project management; Shape; Standards development; Visualization;
Conference_Titel :
Information Visualization, 2000. Proceedings. IEEE International Conference on
Conference_Location :
London
Print_ISBN :
0-7695-0743-3
DOI :
10.1109/IV.2000.859816