Combining the Analytic Hierarchy Process and decision tree analysis provides an effective means for controlling a complex project
Conventional project management techniques are not always
sufficient to ensure that schedule, cost and quality goals are met
on large-scale construction projects. These jobs require complex
planning, designing and implementation processes. The main reasons
for a project's nonachievement in India's hydrocarbon processing
industry are changes in scope and design, altered government
policies and regulations, unforeseen inflation, under and/or
improper estimation. Projects that are exposed to such an uncertain
environment can be effectively managed by applying risk management
throughout the project life cycle.
Risk is by nature subjective. However, managing risk subjectively
poss
Log in to view this article.
Not Yet A Subscriber? Here are Your Options.
1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.
2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $409 for an annual subscription*.
3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription. For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at Jnette.Davis-Nichols@GulfEnergyInfo.com or +1 713.520.4426*.
*Access will be granted the next business day.