NDLI: Development of an Ideal Project Law

Content Provider	The American Society of Mechanical Engineers (ASME) Digital Collection
Author	David, C. Hall Kohl, Ron Graves, Roger
Copyright Year	2003
Abstract	Our research collaboration has begun a project to develop an Ideal Project Law (IPL). What we are trying to accomplish is the development of some equation with a mathematical underpinning that can usefully relate Functionality, Cost, Schedule and Risk which can then be graphed, and this graph then becomes a decision making and communications aid. For some of us, the current contention is that a possible IPL is analogous to the Ideal Gas Law (IGL), which relates Pressure (P), Volume (V) and Temperature (T) for reasonably well-behaved gases. (P*V)/T = Constant (where the constant has very much to do with the nature of the gas under discussion). This is due to our belief that the IPL will represent some form of a relationship (inverse or direct) between Cost (C), Schedule (S), Functionality (F) and Risk (R) much like the IGL represents relationships between P, V and T for a given gas. We also expect that at least some of the factors will change based on the type of project, so we might have to develop a range of factors and constants. The Ideal Gas Law informs us, for example, that if you keep V fixed and increase P, then you can expect T to also increase. So “keep this one factor fixed, and change that other factor and then watch the third factor move one way or the other” relationships can be described via the Ideal Gas Law. We believe that this “push on one factor and see what happens to the other factors” feature of the Ideal Gas Law seems to be very analogous to project and operation Cost, Schedule, Functionality and Risk relationships. This law, or some such function, is absolutely essential. Having such a Law that is proven valid will introduce (or rather tactfully enforce) some systematic thinking in the project and operational management set-up. Otherwise, no matter how elaborate a case is made for project or operational risks, the risk decisions will be left to the whims, fancies and moods of the key decision-making person(s) in the organization or project — we are working towards reducing this subjectivity in decision-making. We may determine that it is impossible to have a 100% scientific outlook on project or operational factors simply because human beings are involved, but if that is the case, we may be able to be at least 80% scientific about it.
Sponsorship	Engineering and Technology Management Group
Starting Page	171
Ending Page	177
Page Count	7
File Format	PDF
ISBN	0791837289
DOI	10.1115/IMECE2003-41674
Volume Number	Engineering/Technology Management: Safety Engineering and Risk Analysis, Technology and Society, Engineering Business Management, and Homeland Security
Conference Proceedings	ASME 2003 International Mechanical Engineering Congress and Exposition
Language	English
Publisher Date	2003-11-15
Publisher Place	Washington, DC, USA
Access Restriction	Subscribed
Subject Keyword	Gases Temperature Decision making Collaboration Risk Pressure Underpinning
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Risk assessment model for the railway reconstruction project in Taiwan

Risk assessment and management decision-making of project duration

Group decision making model of public project based on entropy theory

Analysis of strategic decision-making of company's project investment based on portfolio theory

A dynamic theory of collaboration and decision-making

Challenges in Adapting Scrum in Legacy Global Configurator Project

A research of fluidity evaluation on project risk of investment decision-making

Study on investment decision-making in software development project

Uncertainties, Risks and Opportunities in Development of Hydrocarbon Fields

Development of an Ideal Project Law

Similar Documents

Risk assessment model for the railway reconstruction project in Taiwan

Risk assessment and management decision-making of project duration

Group decision making model of public project based on entropy theory

Analysis of strategic decision-making of company's project investment based on portfolio theory

A dynamic theory of collaboration and decision-making

Challenges in Adapting Scrum in Legacy Global Configurator Project

A research of fluidity evaluation on project risk of investment decision-making

Study on investment decision-making in software development project

Uncertainties, Risks and Opportunities in Development of Hydrocarbon Fields

Development of an Ideal Project Law