New publication:

A Nearest Neighbour extension to project duration forecasting with Artificial Intelligence

In our most recent publication in the European Journal of Operational Research, the well-known Earned Value Management techniques has been extended to a Nearest Neighbour search to improve the accuracy and stability of forecasts. The publication is a follow-up study of previous artificial intelligence studies on the same topic, as discussed earlier.

Awarding young OR&S people

The young people at the OR&S research group are doing well when working on Project Management topics. Below you find a list of three awards given to these youngsters for their hard work and fruitfull results. Well done!

Award 1. PMI Belgium University Contest Award (students)

Project Management at Ghent University

University Contest 2017

When: Wednesday May 10, 2017
Where: Hof ter Musschen, Av. Emmanuel Mounierlaan 2, 1200 Brussels
What: The chapter evening of PMI Belgium 

New publication:

Project regularity: Development and evaluation of a new project characteristic

In our most recent publication in the Journal of Systems Science and Systems Engineering, a new project metric, known as the regularity of a project, has been proposed as an alternative for the widely used Serial/Parallel indicator. It expresses the shape of the so-called S-curve (the planned value line) and is used to measure the accuracy of time and cost forecasts using Earned Value Management. 

New publication:

Improving project forecast accuracy by integrating earned value management with exponential smoothing and reference class forecasting

In our most recent publication in the International Journal of Project Management, the well-known reference class forecasting technique has been combined with the traditional exponential smoothing method to improve project forecasting.

INTERESTED IN PROJECT MANAGEMENT?

The fourth edition of the "The Art of Project Management" is out now!

^{(Click on the picture for a free download)}

New publication:

Optimised scheduling for weather sensitive offshore construction projects

In our most recent publication in the Omega - The International Journal of Management Science, a novel heuristic model to optimize the planning of offshore construction projects is presented using Monte Carlo simulation to assess the impact of weather conditions.

Two new members at OR&S! 

On October 1st, 2016, two new members have joined our Operations Research & Scheduling group to start a research study as part of the CRA research project. Their research will focus on project management topics, including empirical data analysis, project scheduling, project forecasting and project control. Continuation of research guaranteed! New research papers to be expected!

Linear Programming

In the first edition of my book “Taking Sound Business Decisions: From Rich Data to Better Solutions”, I explain on pages 14 and 15 what the shadow price and reduced cost of a linear programming model really mean. I write the following:

New publication:

On the use of multivariate regression methods for longest path calculations from earned value management observations

In our most recent publication in the Omega - The International Journal of Management Science, various multivariate regression models have been compared in a large computational experiment to validate and test the best performing methods for measuring and controlling the time of projects in progress.