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Fight against COVID-19: A global outbreak response management performance view
, Pages: 151-156 Javid Jouzdani PDF (650K) |
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Abstract: Outbreak response can be viewed as a project for which the window of opportunity for planning is often quite limited. Therefore, regular evaluation for sharing the lessons learned is crucial, especially in the cases of national and global crises. As one of the major global concerns, the novel coronavirus, also known as COVID-19, has infected and killed many people in several countries worldwide. Hence, it is worth analyzing the performance of different countries in this regard. In this paper, the confirmed Case Fatality Rate (cCFR), and the confirmed Case Recovery Rate (cCRR) are considered as the main performance criteria, and the data are analyzed utilizing statistical confidence intervals (CIs) implemented in Python. The results identify the regions with high cCFR and low cCRR, as well as the regions with low cCFR and high cCRR. Finally, it is suggested to systematically transfer the knowledge and lessons learned from the high performing countries to where such information and knowledge is needed. DOI: 10.5267/j.jpm.2020.3.001 Keywords: COVID-19, Outbreak Response Management, Statistical Data Analysis (cCFR): confirmed Case Fatality Rate (cCRR): confirmed Case Recovery Rate
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Open Access Article | |||
2. |
Predicting project duration and cost, and selecting the best action plan using statistical methods for earned value management
, Pages: 157-166 Sajad Soltan and Maryam Ashrafi PDF (650K) |
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Abstract: Nowadays, with the increasing number of projects in organizations, managers are enthusiastic about managing and controlling projects, and as projects become more complex and cause unforeseen risks, project management becomes even more critical. Using the earned value management method to control the current status of projects, and predicting the future status of projects has had many advantages. Representing the status of the project, and predicting the project performance by various indicators are some features of this method. As these indicators are deterministic, the risk of the prediction increases when the number of risks goes up in a project. Therefore, statistical methods can be employed to estimate the statistical distribution of risks and notably boost predicting accuracy. The purpose of this paper is to present a method for predicting project duration and cost of the project and selecting the best action plan. Control charts are used along with the earned value management method to increase accuracy. This model also provides the possibility of selecting the best action plan to improve project performance. Moreover, this method can be applied in each project phase separately. Finally, a case study is used to investigate the validity of the proposed method. DOI: 10.5267/j.jpm.2020.3.002 Keywords: Project management, Earned value management, Control charts, Action plan selection, Duration forecasting, Cost forecasting, Empirical database
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3. |
Risk management and risk management performance measurement in the construction projects of Finland
, Pages: 167-178 Mohammad Shakilur Rahman and Tasminur Mannan Adnan PDF (650K) |
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Abstract: Distinguishing and diminishing risks in today’s projects are crucial for project success. Almost every project is facing several risks throughout the project timeline. Construction projects in Finland are also facing project risks due to the complexity of the project. To minimize the impact of risks, an effective risk management approach must be incorporated into every project which also includes the effectiveness and measurement of its performance. Managing the risks is an important job but measuring the RM performance is crucial. Thus, the objective of this study is to analyze the risk management (RM) and risk management performance measurement (RMPM) through an indepth empirical analysis of two complex construction projects of Finland. To achieve the objective, a qualitative case study is followed by the authors of this article to identify the RM processes, major and minor risks of the projects, RM strategies to mitigate them and RM performance measurement strategies. Overall, this article provides a comparative analysis of RM and RMPM for construction projects and it can be used as a basis for further research into RM perspective in complex construction projects. DOI: 10.5267/j.jpm.2020.5.001 Keywords: Risk Management, Project Management, Risk Management Performance Measurement, Risk Matrix, Construction Projects
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Open Access Article | |||
4. |
Determinants of the construction investment project management performance: Evidence at Vietnam small and medium sized enterprises
, Pages: 179-188 Vu Ngoc Xuan PDF (650K) |
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Abstract: The objective of this study is to identify factors affecting the performance of the construction investment project management in Vietnam. The author conducted a survey at 458 small and medium sized enterprises in Hanoi, Da Nang and Ho Chi Minh City. The author used SPSS 20.0 software for analysis, some analytical methods were used such as: descriptive statistical methods; Evaluate the reliability of Cronbach's Alpha reliability coefficient and Exploratory Factor Analysis (EFA) method. We calculated the average value of the scale to assess the influence of independent factors on the dependent variable. Multivariate regression analysis method was also used to test the suitability of the research model. The research results indicate that the effectiveness of construction investment project management in Vietnamese enterprises was affected by factors including (1) Consultants; (2) Investor; (3) Contractors; (4) Capital sources; (5) External factors and (6) Advantages in the implementation process of construction investment projects. Moreover, two factors, the advantages in the project implementation process and the external factors, had the most effects on the effectiveness of construction investment project management of small and medium enterprises in Vietnam. DOI: 10.5267/j.jpm.2020.5.002 Keywords: Enterprise (Es), Small and Medium sized Enterprise (SMES), Project Management (PM)
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Open Access Article | |||
5. |
Synergies in merger & acquisition: A case study of SMEs in Vietnam
, Pages: 189-200 Bui Hong Diep and Tung Tran Anh PDF (650K) |
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Abstract: This paper aims to shed light on whether the Merger & Acquisition (M&A) among several cases create values for Vietnam small and medium enterprises (SMEs). Using 48 months of actual data to compare the pre- and post- merger performance, the study evaluates the impacts of the M&A on business performance collected from HOSE stock exchange website. The result shows that out of 11 chosen key performance indicators (KPIs) and those selected firms only we have 2 KPIs with better results while 6 KPIs do not change and 3 KPIs are even worse after the M&A. In addition, the finding indicated that very few actions were implemented and hence unsurprisingly, the M&A outcomes did not really match with firms’ original expectations. From the theory and the actual results of the analysis, the study provides a number of practical areas that companies should focus on to increase the chance of success for their M&A. DOI: 10.5267/j.jpm.2020.6.001 Keywords: M&A Synergies SMEs Vietnam
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