Original scientific paper
Impact of Real-time Project Control on Capital Project Cost and Schedule Performance
David Grau
; School of Sustainable Engineering and the Built Environment ; Arizona State University; Tempe AZ, USA
Amin Abbaszadegan
; School of Sustainable Engineering and the Built Environment; Arizona State University; Tempe AZ, USA
Abstract
This article assesses the combined influence of information integration and automated data analytics on project performance. To this end, retrospective data on 78 completed projects, with a total installed value of $8 billion, was collected. The level of internal and external information integration and automated analytics were used as surrogates of real-time project controls for statistical analyses purposes. Indeed, non-parametric statistical techniques were used to assess the impact of such technologies on cost and schedule performance. Overall, teams with a sophisticated degree of information integration and automated data analytics can control their projects with more reliable information and in a proactive manner so that informed decisions can be timely made on behalf of the project and the organization.
Keywords
Real-time; Project controls; Cost; Schedule; Performance; Project management
Hrčak ID:
149456
URI
Publication date:
1.12.2015.
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