Controlling risk in a town house development : a case study
- Authors: Gordon-Watt, Matthew
- Date: 2011-12-06
- Subjects: Loss control , Risk management , Risk assessment , Project management , Housing development , Real estate development
- Type: Thesis
- Identifier: uj:1857 , http://hdl.handle.net/10210/4214
- Description: M.Ing. , As the title of the dissertation implies, 'control' and 'risk' are the core issues regarding the dissertation. The approach by which a property development company manages these two issues are the focal points. The primary research objective was to draw conclusions from feedback obtained via a property developer and compare the findings to its literature counterpart. Expanding on the primary objective one aimed to determine commonalties and differences (case study and literature) and derive logical explanations for those differences. The second research objective was a by-product from the first. That being if the property developer is controlling his risk in the best manner possible given the inherent restrictions, in other words is the system efficient. It was evident that control measures and ways to identify and manage risk were put in place by the developer. Most of the literature theory corresponds with that of the property developer. Elements of risk were noted via analysis of the results. One way of increasing the efficiency of the system would be to increase the focus/resources in the evaluation/planning phase. In turn by improving the control mechanisms it may be possible to improve the systems efficiency. Risk can not be eliminated in its entirety - it is part and parcel of any business, particularly that of property development. Risk and control are therefore critical elements in any business. Understanding the core issues surrounding those elements can only prove beneficial to a company's success. Furthermore, the dissertation raised important issues that may be addressed in future research. Issues that may be followed up on in future research include and are not limited to the following: • Analysis of control and risk management' methods on a broader scale, in terms of a larger survey population. • Investigate and analyze the efficiency of a property development company/companies. • Expand on various risk issues: - return on investment, the market, project site, the project, the process, the organization and contingency. • Expand on various control measures: - tools (charts, schedules etc.), communication.
- Full Text:
- Authors: Gordon-Watt, Matthew
- Date: 2011-12-06
- Subjects: Loss control , Risk management , Risk assessment , Project management , Housing development , Real estate development
- Type: Thesis
- Identifier: uj:1857 , http://hdl.handle.net/10210/4214
- Description: M.Ing. , As the title of the dissertation implies, 'control' and 'risk' are the core issues regarding the dissertation. The approach by which a property development company manages these two issues are the focal points. The primary research objective was to draw conclusions from feedback obtained via a property developer and compare the findings to its literature counterpart. Expanding on the primary objective one aimed to determine commonalties and differences (case study and literature) and derive logical explanations for those differences. The second research objective was a by-product from the first. That being if the property developer is controlling his risk in the best manner possible given the inherent restrictions, in other words is the system efficient. It was evident that control measures and ways to identify and manage risk were put in place by the developer. Most of the literature theory corresponds with that of the property developer. Elements of risk were noted via analysis of the results. One way of increasing the efficiency of the system would be to increase the focus/resources in the evaluation/planning phase. In turn by improving the control mechanisms it may be possible to improve the systems efficiency. Risk can not be eliminated in its entirety - it is part and parcel of any business, particularly that of property development. Risk and control are therefore critical elements in any business. Understanding the core issues surrounding those elements can only prove beneficial to a company's success. Furthermore, the dissertation raised important issues that may be addressed in future research. Issues that may be followed up on in future research include and are not limited to the following: • Analysis of control and risk management' methods on a broader scale, in terms of a larger survey population. • Investigate and analyze the efficiency of a property development company/companies. • Expand on various risk issues: - return on investment, the market, project site, the project, the process, the organization and contingency. • Expand on various control measures: - tools (charts, schedules etc.), communication.
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The management, control and implementation of SCADA projects
- Authors: Jacobs, Kevin Bruce
- Date: 2012-02-06
- Subjects: Project management , Supervisory control systems , Automatic data collection systems , Risk management
- Type: Thesis
- Identifier: uj:2007 , http://hdl.handle.net/10210/4360
- Description: M.Ing. , The dissertation covers the establishment of a project from the point of view of a project manager. The document refers to examples where possible to illustrate the actual process through which a project goes during the life-cycle of the project. The first chapter provides an introduction to the context of the project and informs the reader of the type of project which the dissertation discusses. An overview of SCAD A (Supervisory Control and Data Acquisition) systems is discussed followed by field hardware to highlight the environment of typical engineering projects in the automation industry. An introduction to project management is discussed to set the context of the dissertation in motion. The second chapter covers the relevant theoretical stages of a project starting from the early stages of defining the project scope through to the project closure. Each of the stages in the project are dissected and considered within the context of a typical SCAD A oriented project. The third chapter is a case study of the "Jwaneng SCADA Project," which is the name assigned to the project from this point onwards. The project illustrates a typical project which an engineering project manager will manage. The project covers the details of the work involved in the project by passing through all the stages involved in an engineering project. Each stage of the project is illustrated by making reference to appendices containing project specific documents. The project is considered from the point of the original development of the project plan through to the completion of the project. This involves extensive controlling and ensuring that the project is running smoothly. These basic principles are illustrated in the document and aim to inform the reader on the successful dissection and implementation of a proper engineering project plan from start to finish.
- Full Text:
- Authors: Jacobs, Kevin Bruce
- Date: 2012-02-06
- Subjects: Project management , Supervisory control systems , Automatic data collection systems , Risk management
- Type: Thesis
- Identifier: uj:2007 , http://hdl.handle.net/10210/4360
- Description: M.Ing. , The dissertation covers the establishment of a project from the point of view of a project manager. The document refers to examples where possible to illustrate the actual process through which a project goes during the life-cycle of the project. The first chapter provides an introduction to the context of the project and informs the reader of the type of project which the dissertation discusses. An overview of SCAD A (Supervisory Control and Data Acquisition) systems is discussed followed by field hardware to highlight the environment of typical engineering projects in the automation industry. An introduction to project management is discussed to set the context of the dissertation in motion. The second chapter covers the relevant theoretical stages of a project starting from the early stages of defining the project scope through to the project closure. Each of the stages in the project are dissected and considered within the context of a typical SCAD A oriented project. The third chapter is a case study of the "Jwaneng SCADA Project," which is the name assigned to the project from this point onwards. The project illustrates a typical project which an engineering project manager will manage. The project covers the details of the work involved in the project by passing through all the stages involved in an engineering project. Each stage of the project is illustrated by making reference to appendices containing project specific documents. The project is considered from the point of the original development of the project plan through to the completion of the project. This involves extensive controlling and ensuring that the project is running smoothly. These basic principles are illustrated in the document and aim to inform the reader on the successful dissection and implementation of a proper engineering project plan from start to finish.
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An approach to risk management in the mining projects environment : a case study
- Authors: Mndzebele, Andile S.
- Date: 2012-06-04
- Subjects: Risk management , Project management , Mining industry , EPCM
- Type: Thesis
- Identifier: http://ujcontent.uj.ac.za8080/10210/373617 , uj:2371 , http://hdl.handle.net/10210/4826
- Description: M. Phil. , Risk management comprises of risk identification, risk analysis, response planning, monitoring and action planning tasks that are carried out throughout the life cycle of a project in order to ensure that project objectives are met. Risk is a fact of life in all mining type projects. This research dissertation documents the risk management practices of an EPCM company involved in mining projects. Risk analysis techniques are discussed and the author goes deeper to examine what risk means to a project, and how the project team perceive, identify and quantify project risks. This dissertation uses a case study to focus on an EPCM firm‘s approach to risk management in the mining projects environment. This study aims to illustrate how the risks involved in a project have to be identified, controlled and managed. The purpose of this dissertation is therefore to act as an implementation risk management model for the case company and for use in a typical mining projects environment. Risk is an integral part of engineering projects, and it is necessary to manage the risks in order to ensure project success.
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- Authors: Mndzebele, Andile S.
- Date: 2012-06-04
- Subjects: Risk management , Project management , Mining industry , EPCM
- Type: Thesis
- Identifier: http://ujcontent.uj.ac.za8080/10210/373617 , uj:2371 , http://hdl.handle.net/10210/4826
- Description: M. Phil. , Risk management comprises of risk identification, risk analysis, response planning, monitoring and action planning tasks that are carried out throughout the life cycle of a project in order to ensure that project objectives are met. Risk is a fact of life in all mining type projects. This research dissertation documents the risk management practices of an EPCM company involved in mining projects. Risk analysis techniques are discussed and the author goes deeper to examine what risk means to a project, and how the project team perceive, identify and quantify project risks. This dissertation uses a case study to focus on an EPCM firm‘s approach to risk management in the mining projects environment. This study aims to illustrate how the risks involved in a project have to be identified, controlled and managed. The purpose of this dissertation is therefore to act as an implementation risk management model for the case company and for use in a typical mining projects environment. Risk is an integral part of engineering projects, and it is necessary to manage the risks in order to ensure project success.
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The implications of project risk management maturity on information technology success
- Authors: Omphile, Wazha
- Date: 2012-06-05
- Subjects: Project management , Risk management , Information technology management
- Type: Thesis
- Identifier: uj:2436 , http://hdl.handle.net/10210/4895
- Description: M.Tech. , The question whether risk management contributes to project success is considered relevant considering the long history and high rates of failure in Information Technology (IT) projects. Much work and research has been done to investigate the relationship between risk management and project success but very few studies provide empirical evidence to substantiate the claims made on the relationship between these two concepts. Poor risk management has been associated with project failure while the question whether good risk management results in project success still cannot be unequivocally answered. The goal of this study is therefore to investigate the implications of project risk management maturity on project success in the South African telecommunications industry. To achieve the goal of this research a literature review was carried out to unearth the research questions relevant to this study. A survey questionnaire was compiled and sent out to IT project managers in the telecommunications industry in Gauteng, South Africa. The questionnaire gathered quantitative data from a purposive sample large enough to produce the results needed for this research. The questionnaire evaluated the risk management maturity of organisations in the telecommunications industry. It also determined definitions of project success that are prevalent in the industry and ranked factors that influence project outcomes. Furthermore, the questionnaire set out to establish current IT project success and failure rates in the telecommunications industry. This data was then analysed and conclusions drawn about risk management maturity and project success. Recommendations to the telecommunications industry were made based on the findings of the data analysis. The purpose of a literature study in this research was to provide clarity and focus for the research problem. It also broadened the researcher’s knowledge about the specific research area, thus allowing the researcher to become acquainted with the available body of knowledge regarding why and how risk management is associated with project success or failure. The quantitative research approach was used as it is on the basis of quantitative data that a correlation between risk management maturity and project success can be determined. A survey questionnaire was used as it provided anonymity, confidentiality and ease of administration. The findings of the research indicate that risk management maturity in the telecommunications industry is low. Organisations that claim higher levels of risk management maturity also have higher rates of IT project success. However this correlation is not significant when the responses are considered out of the organisational context. This is an indication that the organisational environment plays a role in determining project outcomes. The delivery of business benefits and customer satisfaction are more important than the traditional view of measuring project success by time, budget and scope/quality. Furthermore, communication within the project team and between team members and the customer has been found to be necessary for the delivery of successful IT projects. The improvement of risk management practices increases the chances of project success. Organisational effort in improving risk management practices does yield positive project outcomes. This research highlights areas for further investigation in the study of the relationship between risk management and project success.
- Full Text:
- Authors: Omphile, Wazha
- Date: 2012-06-05
- Subjects: Project management , Risk management , Information technology management
- Type: Thesis
- Identifier: uj:2436 , http://hdl.handle.net/10210/4895
- Description: M.Tech. , The question whether risk management contributes to project success is considered relevant considering the long history and high rates of failure in Information Technology (IT) projects. Much work and research has been done to investigate the relationship between risk management and project success but very few studies provide empirical evidence to substantiate the claims made on the relationship between these two concepts. Poor risk management has been associated with project failure while the question whether good risk management results in project success still cannot be unequivocally answered. The goal of this study is therefore to investigate the implications of project risk management maturity on project success in the South African telecommunications industry. To achieve the goal of this research a literature review was carried out to unearth the research questions relevant to this study. A survey questionnaire was compiled and sent out to IT project managers in the telecommunications industry in Gauteng, South Africa. The questionnaire gathered quantitative data from a purposive sample large enough to produce the results needed for this research. The questionnaire evaluated the risk management maturity of organisations in the telecommunications industry. It also determined definitions of project success that are prevalent in the industry and ranked factors that influence project outcomes. Furthermore, the questionnaire set out to establish current IT project success and failure rates in the telecommunications industry. This data was then analysed and conclusions drawn about risk management maturity and project success. Recommendations to the telecommunications industry were made based on the findings of the data analysis. The purpose of a literature study in this research was to provide clarity and focus for the research problem. It also broadened the researcher’s knowledge about the specific research area, thus allowing the researcher to become acquainted with the available body of knowledge regarding why and how risk management is associated with project success or failure. The quantitative research approach was used as it is on the basis of quantitative data that a correlation between risk management maturity and project success can be determined. A survey questionnaire was used as it provided anonymity, confidentiality and ease of administration. The findings of the research indicate that risk management maturity in the telecommunications industry is low. Organisations that claim higher levels of risk management maturity also have higher rates of IT project success. However this correlation is not significant when the responses are considered out of the organisational context. This is an indication that the organisational environment plays a role in determining project outcomes. The delivery of business benefits and customer satisfaction are more important than the traditional view of measuring project success by time, budget and scope/quality. Furthermore, communication within the project team and between team members and the customer has been found to be necessary for the delivery of successful IT projects. The improvement of risk management practices increases the chances of project success. Organisational effort in improving risk management practices does yield positive project outcomes. This research highlights areas for further investigation in the study of the relationship between risk management and project success.
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Risk management in information technology projects
- Authors: Antony, Tessy
- Date: 2012-08-01
- Subjects: Risk management , Risk management - Data processing , Project management , Information technology - Management
- Type: Thesis
- Identifier: uj:8902 , http://hdl.handle.net/10210/5374
- Description: M.Ing. , Information Technology (IT) projects are typically accompanied by a wide variety of complex risks. The rapid rate at which technology is currently changing requires the use of updated processes for project risk management in the IT industry. This paper investigates the active management of risk by focusing on the causes of such risk and developing indicators to track project risk throughout all project phases. The current research focuses on Project Risk Management as described in the Guide to the Project Management Body of Knowledge (PMBoK®) Fourth Edition, detailing the tools and techniques needed to make risk management work in IT projects. This Project Management Institute (PMI) Standard has been adopted for the current research as it is widely accepted by many organisations in order to ensure greater return on investment and other benefits from projects. The PMI’s PMBoK® details an approach to project risk management which includes the process concerned with identifying, analysing, prioritising and mitigating risk at regular intervals. Specifically, it focuses on budget-related risks in order to reduce IT project failure due to budget overruns. Risk measurement and risk control are also incorporated to achieve a sustainable risk management system for IT projects. Finally, a private sector IT project is used as case study in order to apply the research in practice. This case study makes use of Accenture's maturity model concept, which helps us to understand this organisation’s benchmarking in recent years.
- Full Text:
- Authors: Antony, Tessy
- Date: 2012-08-01
- Subjects: Risk management , Risk management - Data processing , Project management , Information technology - Management
- Type: Thesis
- Identifier: uj:8902 , http://hdl.handle.net/10210/5374
- Description: M.Ing. , Information Technology (IT) projects are typically accompanied by a wide variety of complex risks. The rapid rate at which technology is currently changing requires the use of updated processes for project risk management in the IT industry. This paper investigates the active management of risk by focusing on the causes of such risk and developing indicators to track project risk throughout all project phases. The current research focuses on Project Risk Management as described in the Guide to the Project Management Body of Knowledge (PMBoK®) Fourth Edition, detailing the tools and techniques needed to make risk management work in IT projects. This Project Management Institute (PMI) Standard has been adopted for the current research as it is widely accepted by many organisations in order to ensure greater return on investment and other benefits from projects. The PMI’s PMBoK® details an approach to project risk management which includes the process concerned with identifying, analysing, prioritising and mitigating risk at regular intervals. Specifically, it focuses on budget-related risks in order to reduce IT project failure due to budget overruns. Risk measurement and risk control are also incorporated to achieve a sustainable risk management system for IT projects. Finally, a private sector IT project is used as case study in order to apply the research in practice. This case study makes use of Accenture's maturity model concept, which helps us to understand this organisation’s benchmarking in recent years.
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The effects of risk management on the success of a project
- Authors: Naidoo, Premesarie K.
- Date: 2012-08-01
- Subjects: Risk management , Project management
- Type: Mini-Dissertation
- Identifier: uj:8925 , http://hdl.handle.net/10210/5395
- Description: M.Ing. , In all companies, there exists many opportunities. With these opportunities comes benefits as well as uncertainties and therefore risks. To expedite these opportunities, it is crucial that the expected monetary value associated with the gain of the opportunity exceeds the expected monetary value associated with the loss due to the risk impact. It is therefore imperative that all projects with associated risks be carefully identified and assessed, with mitigation steps to reduce or eliminate the impact of the risks, if possible. The management of identifying, assessing and mitigating risks with mitigation and contingent plans or allowances, is known as risk management. Risk management identifies strategies and the relevant stakeholders to best handle risks by seeking innovative but practical solutions, based on experience and sound judgements. Risk management forms a vital part of project management since risk is present throughout the life cycle of any project. Risks are present in all project management functions. These risks arise due to changes in scope also known as scope creep, unrealistic cost or time estimation and factors influencing quality, etc. It is believed that risk management is an influencing factor that determines the success of a project. According to the literature review, the success of a project is defined according to a time - budget - performance model, where the project is regarded as successful if it is completed within the projected timeline and budget and meets all the quality requirements. This research paper explored the definition of project success at Sasol1 in Secunda and the influence of risk management on the success of a project. A questionnaire 1 Sasol in Secunda, will from hereon be defined as and referred to as the organization survey was distributed to selected persons using email at the organisation to investigate their opinions towards risk management. From the findings of the study, it was found that this research study is fitting to the theoretical belief that effective risk management is an important influencing factor on the success of a project and that a successful project is defined as a project completed within the projected schedule and budget and meets all requirements. It was also an objective to determine which of the project management functions should be focussed on to improve project success at the organisation. The project management functions believed to have most risk attached to it, was further compared to the actual project management functions with most risks attached to it during the actual project execution. This has proven to be an opportunity to optimise on which project management functions should be the focus areas, by comparing the belief, to the factors that actually have major risk impacts. The risk management process at the organisation was further investigated to ensure that it was the most efficient risk management process. Following the research, it can be concluded that the risk management model at the organisation is the most optimised model in accordance with that of literature. The scope of this dissertation includes risk classification, the process of risk management, risk management techniques based on theory and an investigation into a case study. This theoretical understanding is then compared to the actual research findings based on the questionnaire conducted, on the effects of risk management and its effects on the success of a project.
- Full Text:
- Authors: Naidoo, Premesarie K.
- Date: 2012-08-01
- Subjects: Risk management , Project management
- Type: Mini-Dissertation
- Identifier: uj:8925 , http://hdl.handle.net/10210/5395
- Description: M.Ing. , In all companies, there exists many opportunities. With these opportunities comes benefits as well as uncertainties and therefore risks. To expedite these opportunities, it is crucial that the expected monetary value associated with the gain of the opportunity exceeds the expected monetary value associated with the loss due to the risk impact. It is therefore imperative that all projects with associated risks be carefully identified and assessed, with mitigation steps to reduce or eliminate the impact of the risks, if possible. The management of identifying, assessing and mitigating risks with mitigation and contingent plans or allowances, is known as risk management. Risk management identifies strategies and the relevant stakeholders to best handle risks by seeking innovative but practical solutions, based on experience and sound judgements. Risk management forms a vital part of project management since risk is present throughout the life cycle of any project. Risks are present in all project management functions. These risks arise due to changes in scope also known as scope creep, unrealistic cost or time estimation and factors influencing quality, etc. It is believed that risk management is an influencing factor that determines the success of a project. According to the literature review, the success of a project is defined according to a time - budget - performance model, where the project is regarded as successful if it is completed within the projected timeline and budget and meets all the quality requirements. This research paper explored the definition of project success at Sasol1 in Secunda and the influence of risk management on the success of a project. A questionnaire 1 Sasol in Secunda, will from hereon be defined as and referred to as the organization survey was distributed to selected persons using email at the organisation to investigate their opinions towards risk management. From the findings of the study, it was found that this research study is fitting to the theoretical belief that effective risk management is an important influencing factor on the success of a project and that a successful project is defined as a project completed within the projected schedule and budget and meets all requirements. It was also an objective to determine which of the project management functions should be focussed on to improve project success at the organisation. The project management functions believed to have most risk attached to it, was further compared to the actual project management functions with most risks attached to it during the actual project execution. This has proven to be an opportunity to optimise on which project management functions should be the focus areas, by comparing the belief, to the factors that actually have major risk impacts. The risk management process at the organisation was further investigated to ensure that it was the most efficient risk management process. Following the research, it can be concluded that the risk management model at the organisation is the most optimised model in accordance with that of literature. The scope of this dissertation includes risk classification, the process of risk management, risk management techniques based on theory and an investigation into a case study. This theoretical understanding is then compared to the actual research findings based on the questionnaire conducted, on the effects of risk management and its effects on the success of a project.
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Public private partnerships - risk management in engineering infrastructure projects
- Authors: Devan, D. V. G
- Date: 2012-09-10
- Subjects: Public-private sector cooperation , Project management , Engineering - Risk assessment , Risk management
- Type: Thesis
- Identifier: uj:9832 , http://hdl.handle.net/10210/7236
- Description: M.Phil. , Economic growth and the provision of adequate infrastructure are highly interrelated. Infrastructure- plays a critical role in promoting economic growth through enhancing productivity, improving competitiveness, reducing poverty, linking people and organisations together through telecommunications and contributing to environmental sustainability. Population growth and rapid urbanisation have placed enormous pressure on existing infrastructure, thus presenting a daunting challenge to governments worldwide The scope of global demographic, public health and safety needs, as well as economic development goals, translates into infrastructure requirements far in excess of currently available financing resources. While the degree of this funding backlog differs from country to country, it extends from the poorest to the richest of nations. This is true even in the United States, which enjoys the full benefits of decentralized government responsibility and an extensive domestic debt market. Recognition of this funding gap has resulted in a nearly universal acceptance that the private sector can and should play a larger role in the financing of infrastructure in partnership with the public sector [35]. The 1990s saw a revolution in the provision of infrastructure services as governments worldwide turned to the private sector for financing and management expertise. In developing countries in 1990 —2001, nearly 2,500 infrastructure projects involved private participation, attracting investment commitments of US750 billion [40]. South Africa has an estimated infrastructure backlog of R 170.7 billion [3]. In addition there is increasing demand for much-needed new and improved infrastructure such as water supply and sanitation systems, affordable housing and electricity supply, health care facilities, schools, roads, tourism infrastructure, airports and harbour facilities, to name but a few [4]. With the private sector organisations having a large pool of sources from which they can seek funding from both local and international financial markets and the government having fragmented expertise over different state departments, debilitating red tape and bureaucracy, more pressing needs for funding elsewhere and inability to roll out projects, private sector involvement in infrastructure provision has been widely considered and implemented as a preferred method of financing infrastructure provision. This collaboration between public and private sectors is crucial in order to increase the sources of funding available for infrastructure and reduce the pressure on fiscal budgets. This has resulted in an increased collaboration between the public and private sectors in order to meet a country's infrastructure requirements. Consequently, the Public Private Partnership (PPP) procurement method of undertaking large infrastructure projects
- Full Text:
- Authors: Devan, D. V. G
- Date: 2012-09-10
- Subjects: Public-private sector cooperation , Project management , Engineering - Risk assessment , Risk management
- Type: Thesis
- Identifier: uj:9832 , http://hdl.handle.net/10210/7236
- Description: M.Phil. , Economic growth and the provision of adequate infrastructure are highly interrelated. Infrastructure- plays a critical role in promoting economic growth through enhancing productivity, improving competitiveness, reducing poverty, linking people and organisations together through telecommunications and contributing to environmental sustainability. Population growth and rapid urbanisation have placed enormous pressure on existing infrastructure, thus presenting a daunting challenge to governments worldwide The scope of global demographic, public health and safety needs, as well as economic development goals, translates into infrastructure requirements far in excess of currently available financing resources. While the degree of this funding backlog differs from country to country, it extends from the poorest to the richest of nations. This is true even in the United States, which enjoys the full benefits of decentralized government responsibility and an extensive domestic debt market. Recognition of this funding gap has resulted in a nearly universal acceptance that the private sector can and should play a larger role in the financing of infrastructure in partnership with the public sector [35]. The 1990s saw a revolution in the provision of infrastructure services as governments worldwide turned to the private sector for financing and management expertise. In developing countries in 1990 —2001, nearly 2,500 infrastructure projects involved private participation, attracting investment commitments of US750 billion [40]. South Africa has an estimated infrastructure backlog of R 170.7 billion [3]. In addition there is increasing demand for much-needed new and improved infrastructure such as water supply and sanitation systems, affordable housing and electricity supply, health care facilities, schools, roads, tourism infrastructure, airports and harbour facilities, to name but a few [4]. With the private sector organisations having a large pool of sources from which they can seek funding from both local and international financial markets and the government having fragmented expertise over different state departments, debilitating red tape and bureaucracy, more pressing needs for funding elsewhere and inability to roll out projects, private sector involvement in infrastructure provision has been widely considered and implemented as a preferred method of financing infrastructure provision. This collaboration between public and private sectors is crucial in order to increase the sources of funding available for infrastructure and reduce the pressure on fiscal budgets. This has resulted in an increased collaboration between the public and private sectors in order to meet a country's infrastructure requirements. Consequently, the Public Private Partnership (PPP) procurement method of undertaking large infrastructure projects
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An integrated process framework for engineering endeavours
- Authors: Erasmus, Jonnro
- Date: 2013-05-27
- Subjects: Engineering firms - Management , Project management , Strategic planning , Risk management
- Type: Mini-Dissertation
- Identifier: uj:7549 , http://hdl.handle.net/10210/8407
- Description: M.Ing. (Engineering Management) , With the exponential increase in the complexity of modern products, the enterprise which creates the product also increases in complexity. Projects to realise engineering products are often fraught with delays, budget overruns and unsatisfied clients. Such failures are often caused by any of the following factors: Lack of understanding and definition of the responsibilities of the parties involved; Lack of understanding of the challenges and planning to deal with those challenges; Lack of control of the input and output requirements, information and risks; Poor communication in the project team due to ambiguous and undefined technical terms; and Lack of work integration due to poor understanding of the different domains involved in the project. This dissertation sets about exploring the domains of systems engineering, project management and quality management, by extensively referencing industry standards and international good practice in the quest of unravelling conflicts and uncertainties. Selected concepts and business processes of each domain are studied to arrive at an understanding of the objectives and scopes of those processes. This understanding enables the integration of these business processes and concepts by utilising the widely-used plan-do-check-act (PDCA) cycle. The business processes of each domain are divided into the four PDCA quadrants and integrated models of those quadrants are presented. The four quadrants are synthesised into a single framework which shows the project management, quality management and systems engineering processes performed during a single project phase. This Engineering Management Framework may be tailored for the design and realisation of any complex product, given adequate planning, understanding of the challenges and knowledge of the subject matter.
- Full Text:
- Authors: Erasmus, Jonnro
- Date: 2013-05-27
- Subjects: Engineering firms - Management , Project management , Strategic planning , Risk management
- Type: Mini-Dissertation
- Identifier: uj:7549 , http://hdl.handle.net/10210/8407
- Description: M.Ing. (Engineering Management) , With the exponential increase in the complexity of modern products, the enterprise which creates the product also increases in complexity. Projects to realise engineering products are often fraught with delays, budget overruns and unsatisfied clients. Such failures are often caused by any of the following factors: Lack of understanding and definition of the responsibilities of the parties involved; Lack of understanding of the challenges and planning to deal with those challenges; Lack of control of the input and output requirements, information and risks; Poor communication in the project team due to ambiguous and undefined technical terms; and Lack of work integration due to poor understanding of the different domains involved in the project. This dissertation sets about exploring the domains of systems engineering, project management and quality management, by extensively referencing industry standards and international good practice in the quest of unravelling conflicts and uncertainties. Selected concepts and business processes of each domain are studied to arrive at an understanding of the objectives and scopes of those processes. This understanding enables the integration of these business processes and concepts by utilising the widely-used plan-do-check-act (PDCA) cycle. The business processes of each domain are divided into the four PDCA quadrants and integrated models of those quadrants are presented. The four quadrants are synthesised into a single framework which shows the project management, quality management and systems engineering processes performed during a single project phase. This Engineering Management Framework may be tailored for the design and realisation of any complex product, given adequate planning, understanding of the challenges and knowledge of the subject matter.
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How to manage risk and uncertainty in projects : a comparative multiple-case study
- Authors: Dubazane, Mandiseni Mbuso
- Date: 2014-03-25
- Subjects: Risk management , Project management
- Type: Thesis
- Identifier: uj:4478 , http://hdl.handle.net/10210/9818
- Description: M.Ing. (Engineering Management) , Risk and uncertainty are very closely linked; they are recognized as threats arising from unclear causes and effects of the project. Risk and uncertainty management has always been acknowledged as a very important aspect of project management and is mostly used to accomplish project objectives. These objectives are; quality, cost, time, safety and environmental sustainability. A majority of researchers have focused on other characteristics of risks and uncertainty management rather than a comprehensive method which encompasses developing risk management plan, identify, and analyze the likelihood of its occurrence and consequence should it happen. The common challenges still experienced in project environment are; use of improper project management methodology, stake holder interference in the decision making process, complexity of the project, and changing requirements and management. This study seeks to look at how risk and uncertainty can be successfully managed within project environment. Through case studies this research will also look at how does improper risk management plan affect the project, and the consequences of stakeholder interference in the decision making process. The report presents project risk management approach of two projects carried out in the same organisation. The project A was executed by a project manager from the Project Management Office (PMO) in accordance with the project management methodology, while the execution of project B was highly influenced by a client/sponsor with no regard of the approved project management methodology. The selected projects both involved equipment replacement in which the main deliverables are supply and delivery of the final product. A description of the project risk management approach and analysis of data collected for each case study are followed by a comparison of two project risk management processes applied in case studies. This study will finally draw the conclusion and make recommendations based on its findings.
- Full Text:
- Authors: Dubazane, Mandiseni Mbuso
- Date: 2014-03-25
- Subjects: Risk management , Project management
- Type: Thesis
- Identifier: uj:4478 , http://hdl.handle.net/10210/9818
- Description: M.Ing. (Engineering Management) , Risk and uncertainty are very closely linked; they are recognized as threats arising from unclear causes and effects of the project. Risk and uncertainty management has always been acknowledged as a very important aspect of project management and is mostly used to accomplish project objectives. These objectives are; quality, cost, time, safety and environmental sustainability. A majority of researchers have focused on other characteristics of risks and uncertainty management rather than a comprehensive method which encompasses developing risk management plan, identify, and analyze the likelihood of its occurrence and consequence should it happen. The common challenges still experienced in project environment are; use of improper project management methodology, stake holder interference in the decision making process, complexity of the project, and changing requirements and management. This study seeks to look at how risk and uncertainty can be successfully managed within project environment. Through case studies this research will also look at how does improper risk management plan affect the project, and the consequences of stakeholder interference in the decision making process. The report presents project risk management approach of two projects carried out in the same organisation. The project A was executed by a project manager from the Project Management Office (PMO) in accordance with the project management methodology, while the execution of project B was highly influenced by a client/sponsor with no regard of the approved project management methodology. The selected projects both involved equipment replacement in which the main deliverables are supply and delivery of the final product. A description of the project risk management approach and analysis of data collected for each case study are followed by a comparison of two project risk management processes applied in case studies. This study will finally draw the conclusion and make recommendations based on its findings.
- Full Text:
The importance of project risk management process in Information Technology projects
- Authors: Mtshali, Sophie Nomusa
- Date: 2018
- Subjects: Project management , Risk management , Information technology - Risk management
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/272610 , uj:29028
- Description: M.Com. (Business Management) , Abstract: Risk management has increasingly become a crucial aspect of project success in the Information Technology industry. Risks are no longer seen from the narrow perspective of physical harm; but the narrative has evolved to include unforeseen circumstances and effects on all stakeholders and planned outputs of the project. In financial terms, it was reported that 13.8 billion SA Rands were lost to failed projects in 2011. In light of the aforementioned, this research focuses on Project Risk Management (PRM) and how it can help reduce and better manage risks inherent in all project works. Since it is expected that effective project risk management (PRM) seeks to minimize the risks inherent to projects in order for the project manager to make better-informed decisions, which will contribute to overall project success, this research asks the fundamental question: ‘is there any positive relationship between PRM and project success in the IT industry?’ To answer the research question, this study takes a pragmatic approach using the quantitative method of data collection. Surveys were distributed among 100 project managers and coordinators within the IT environment in South Africa, 65 valid responses were received. Descriptive analysis was conducted on the findings and the results are presented in themes according to the objectives of the study. One of the research conclusion is that the most significant factors limiting the use of PRM methodologies with the respondents is not organisational culture as expected, rather ‘lack of subject matter expertise in project management’ on the part of the project managers. It was ultimately concluded that there is a strong relationship between PRM and project success. If risks can be reduced in a project, the chances of success increases. Lastly, it was seen that within the scope of the research, PRM has a positive impact with project being completed on schedule (or earlier) and within or below budget. The research is however not without its own inherent limitations; one of which is the fact that the study is a once-off experience and cannot envisage changes in the IT project success while using different project management strategies. A longitudinal study would have helped prevent against this.
- Full Text:
- Authors: Mtshali, Sophie Nomusa
- Date: 2018
- Subjects: Project management , Risk management , Information technology - Risk management
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/272610 , uj:29028
- Description: M.Com. (Business Management) , Abstract: Risk management has increasingly become a crucial aspect of project success in the Information Technology industry. Risks are no longer seen from the narrow perspective of physical harm; but the narrative has evolved to include unforeseen circumstances and effects on all stakeholders and planned outputs of the project. In financial terms, it was reported that 13.8 billion SA Rands were lost to failed projects in 2011. In light of the aforementioned, this research focuses on Project Risk Management (PRM) and how it can help reduce and better manage risks inherent in all project works. Since it is expected that effective project risk management (PRM) seeks to minimize the risks inherent to projects in order for the project manager to make better-informed decisions, which will contribute to overall project success, this research asks the fundamental question: ‘is there any positive relationship between PRM and project success in the IT industry?’ To answer the research question, this study takes a pragmatic approach using the quantitative method of data collection. Surveys were distributed among 100 project managers and coordinators within the IT environment in South Africa, 65 valid responses were received. Descriptive analysis was conducted on the findings and the results are presented in themes according to the objectives of the study. One of the research conclusion is that the most significant factors limiting the use of PRM methodologies with the respondents is not organisational culture as expected, rather ‘lack of subject matter expertise in project management’ on the part of the project managers. It was ultimately concluded that there is a strong relationship between PRM and project success. If risks can be reduced in a project, the chances of success increases. Lastly, it was seen that within the scope of the research, PRM has a positive impact with project being completed on schedule (or earlier) and within or below budget. The research is however not without its own inherent limitations; one of which is the fact that the study is a once-off experience and cannot envisage changes in the IT project success while using different project management strategies. A longitudinal study would have helped prevent against this.
- Full Text:
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