Article ID: | iaor1992510 |
Country: | United States |
Volume: | 37 |
Issue: | 8 |
Start Page Number: | 990 |
End Page Number: | 1001 |
Publication Date: | Aug 1991 |
Journal: | Management Science |
Authors: | Kouvelis Panagiotis, Gutierrez Genaro J. |
Keywords: | programming: critical path, stochastic processes |
Critical path models concerning project management (i.e. PERT/CPM) fail to account for work force behavioral effects on the expected project completion in time. In this paper, the authors provide a modelling framework for project management activities, that ultimately accounts for expected worker behavior under Parkinson’s Law. A stochastic activity completion time model is used to formally state Parkinson’s Law. The development model helps to examine the effects of information release policies on subcontractors of project activities, and to develop managerial policies for setting appropriate deadlines for series or parallel project activities.