An Analysis of Project Structure and its Impact on Project Completion Delays
F. Bernstein, G. Decroix, J. C. Gonçalves Dosantos
This paper considers a project consisting of multiple activities performed by independent players. Each player has control and discretion over the time required to complete the activity it is responsible for. Devoting a standard amount of resources to that activity would result in some base amount of time for completion. However, a player may divert some resources to outside projects in order to earn additional revenue leading to inexcusable delays in the activity under the player’s control. Such delays may or may not cause delays in the overall project completion time. If an overall project delay results, the project manager incurs a penalty based on the terms of the contract established with the customer. We study the allocation of project-level penalties (arising from inexcusable delays) among project activities, and examine how this allocation impacts the players’ decision making and the associated completion time of the project.
Keywords: Project Management, Game Theory, Shapley Value
Scheduled
GT02 Game Theory II. Game theory, communication and distribution
June 9, 2022 12:00 PM
A14
Other papers in the same session
R. Acosta Vega, E. Algaba Duran, J. Sánchez-Soriano
L. M. Armijos Toro, J. M. Alonso Meijide, M. A. Mosquera Rodríguez
J. Sánchez-Soriano
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6/8/22
Visit Alhambra
Tomorrow, Thursday, we will visit the Alhambra. 1. At 7:00 p.m., buses will start leaving from the door of the Hotel Granada Center (in front of the door of the Faculty of Sciences) 2. Upon arrival, groups with guides will be organized. 3. There will be groups in English language. These groups will wait at the destination until the arrival of all buses. 4. After the visit to the Alhambra we will walk to the Carmen de los Mártires to have a cocktail. 5. On the way back, we can go back by bus, which will leave from the same place where they left us at the Alhambra. 6. Although the way to the Alhambra by bus seems long, it really is close to the city. We invite you, whoever wishes, to go down for a pleasant walk. 7. Do not forget to take your Alhambra ticket and your identity card or passport. The document must be the same whose number matches the ticket number you have.
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5/27/22
Gala Dinner
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5/23/22
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5/16/22
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