IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Modeling of Project Dynamics in IT Sector: A System Dynamics Approach for Resource Optimization from a Risk Perspective

Modeling of Project Dynamics in IT Sector: A System Dynamics Approach for Resource Optimization from a Risk Perspective
View Free PDF
Author(s): N. Dharmaraj (Manipal Institute of Technology, India), Lewlyn L. R. Rodrigues (NMAM Institute of Technology,India) and Shrinivasa Rao B.R. (Manipal Institute of Technology, India)
Copyright: 2006
Pages: 3
Source title: Emerging Trends and Challenges in Information Technology Management
Source Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-59904-019-6.ch225
ISBN13: 9781616921286
EISBN13: 9781466665361

Abstract

This paper focuses on contingent approach to Dynamic-risk factors, which influence the ‘Project Success’ in an IT sector. The objective is to promote strategic thinking by helping managers to recognize, design and use flexible alternatives to manage dynamic uncertainty. System Dynamics and Cybernetics approach has been used to develop causal loop diagrams and flow diagrams by considering the impacts of underlying uncertainties on performance of the firm. The effects of critical success factors such as Time- independent training and Scope Management are incorporated in the model and dynamic simulation has been carried out. The results thus obtained are analyzed so as to obtain alternatives to capitalize on the opportunities and improve the firm’s competitiveness.

Body Bottom