21,055 research outputs found
About academic research on earned value management inspired by the college of performance management
Artificial intelligence in project management: a brief systematic literature review
Project management is a common field in many industries, and it is not immune to the
innovations that artificial intelligence is bringing to the world. Even so the application of
artificial intelligence is not that widespread in companies and especially not in all of project
management areas. The reasons are not clear but seem to be related to the uncertainty of the
application of artificial intelligence in project management.
The purpose was to acknowledge the potentialities and limitations of artificial intelligence in
the specific area of project management by doing a systematic literature review with which it
was possible to analyse and correlate the selected articles and reach some patterns and
tendencies. In the end it was clear the increased interest in the scientific community in this field,
although with some areas to explore.A gestão de projetos é uma área comum a muitos setores e não está imune às inovações que a
inteligência artificial está promovendo no mundo. Ainda assim a aplicação da inteligência
artificial ainda não está muito difundida nas empresas e principalmente não em todas as áreas
de gestão de projetos. As razões não são claras, mas aparentam estar relacionadas com a
incerteza da aplicação da inteligência artificial na gestão de projetos.
O objetivo foi entender as potencialidades e limitações da inteligência artificial na área
específica de gestão de projetos por meio de uma revisão sistemática da literatura com a qual
seja possível analisar e correlacionar os artigos selecionados e obter eventualmente alguns
padrões e tendências. No final ficou claro que há um crescente interesse da comunidade
científica por esta área, embora com alguns âmbitos por explorar
Recommended from our members
Project Controls and Management Systems : current practice and how it has changed over the past decade
Project Controls and Management System (PCMS) refers to an ecosystem of processes, tools and personnel required for the proper planning and execution of capital projects throughout the different phases of design, procurement, construction and startup. This can be divided into different focus areas (functions) that would include Estimating, Planning, Scheduling, Cost Control, Change Management, Progressing, and Forecasting. Various trends such as globalization, contractor specialization and information technology developments have impacted the way PCMS are implemented and made it the subject of extensive research over the past years to investigate how to best utilize those trends. Replicating the research methodology used in a 2011 report published by the Construction Research Institute (CII), this work aims to investigate the current status of PCMS implementation and how it has changed over the past decade. It was concluded that while the original PCMS principles are still valid, adoption has drastically changed in terms of efficiency for the majority of the functions. The research also identifies areas of potential concerns and provides recommendations for further improvement.Civil, Architectural, and Environmental Engineerin
Holistic Measures for Evaluating Prediction Models in Smart Grids
The performance of prediction models is often based on "abstract metrics"
that estimate the model's ability to limit residual errors between the observed
and predicted values. However, meaningful evaluation and selection of
prediction models for end-user domains requires holistic and
application-sensitive performance measures. Inspired by energy consumption
prediction models used in the emerging "big data" domain of Smart Power Grids,
we propose a suite of performance measures to rationally compare models along
the dimensions of scale independence, reliability, volatility and cost. We
include both application independent and dependent measures, the latter
parameterized to allow customization by domain experts to fit their scenario.
While our measures are generalizable to other domains, we offer an empirical
analysis using real energy use data for three Smart Grid applications:
planning, customer education and demand response, which are relevant for energy
sustainability. Our results underscore the value of the proposed measures to
offer a deeper insight into models' behavior and their impact on real
applications, which benefit both data mining researchers and practitioners.Comment: 14 Pages, 8 figures, Accepted and to appear in IEEE Transactions on
Knowledge and Data Engineering, 2014. Authors' final version. Copyright
transferred to IEE
Artificial Intelligence Enabled Project Management: A Systematic Literature Review
In the Industry 5.0 era, companies are leveraging the potential of cutting-edge technologies such as artificial intelligence for more efficient and green human-centric production. In a similar approach, project management would benefit from artificial intelligence in order to achieve project goals by improving project performance, and consequently, reaching higher sustainable success. In this context, this paper examines the role of artificial intelligence in emerging project management through a systematic literature review; the applications of AI techniques in the project management performance domains are presented. The results show that the number of influential publications on artificial intelligence-enabled project management has increased significantly over the last decade. The findings indicate that artificial intelligence, predominantly machine learning, can be considerably useful in the management of construction and IT projects; it is notably encouraging for enhancing the planning, measurement, and uncertainty performance domains by providing promising forecasting and decision-making capabilities
Explainable machine learning for project management control
Project control is a crucial phase within project management aimed at ensuring —in an integrated manner— that the project objectives are met according to plan. Earned Value Management —along with its various refinements— is the most popular and widespread method for top-down project control. For project control under uncertainty, Monte Carlo simulation and statistical/machine learning models extend the earned value framework by allowing the analysis of deviations, expected times and costs during project progress. Recent advances in explainable machine learning, in particular attribution methods based on Shapley values, can be used to link project control to activity properties, facilitating the interpretation of interrelations between activity characteristics and control objectives. This work proposes a new methodology that adds an explainability layer based on SHAP —Shapley Additive exPlanations— to different machine learning models fitted to Monte Carlo simulations of the project network during tracking control points. Specifically, our method allows for both prospective and retrospective analyses, which have different utilities: forward analysis helps to identify key relationships between the different tasks and the desired outcomes, thus being useful to make execution/replanning decisions; and backward analysis serves to identify the causes of project status during project progress. Furthermore, this method is general, model-agnostic and provides quantifiable and easily interpretable information, hence constituting a valuable tool for project control in uncertain environments
NILM techniques for intelligent home energy management and ambient assisted living: a review
The ongoing deployment of smart meters and different commercial devices has made electricity disaggregation feasible in buildings and households, based on a single measure of the current and, sometimes, of the voltage. Energy disaggregation is intended to separate the total power consumption into specific appliance loads, which can be achieved by applying Non-Intrusive Load Monitoring (NILM) techniques with a minimum invasion of privacy. NILM techniques are becoming more and more widespread in recent years, as a consequence of the interest companies and consumers have in efficient energy consumption and management. This work presents a detailed review of NILM methods, focusing particularly on recent proposals and their applications, particularly in the areas of Home Energy Management Systems (HEMS) and Ambient Assisted Living (AAL), where the ability to determine the on/off status of certain devices can provide key information for making further decisions. As well as complementing previous reviews on the NILM field and providing a discussion of the applications of NILM in HEMS and AAL, this paper provides guidelines for future research in these topics.Agência financiadora:
Programa Operacional Portugal 2020 and Programa Operacional Regional do Algarve
01/SAICT/2018/39578
Fundação para a Ciência e Tecnologia through IDMEC, under LAETA:
SFRH/BSAB/142998/2018
SFRH/BSAB/142997/2018
UID/EMS/50022/2019
Junta de Comunidades de Castilla-La-Mancha, Spain:
SBPLY/17/180501/000392
Spanish Ministry of Economy, Industry and Competitiveness (SOC-PLC project):
TEC2015-64835-C3-2-R MINECO/FEDERinfo:eu-repo/semantics/publishedVersio
Long-Term Load Forecasting Considering Volatility Using Multiplicative Error Model
Long-term load forecasting plays a vital role for utilities and planners in
terms of grid development and expansion planning. An overestimate of long-term
electricity load will result in substantial wasted investment in the
construction of excess power facilities, while an underestimate of future load
will result in insufficient generation and unmet demand. This paper presents
first-of-its-kind approach to use multiplicative error model (MEM) in
forecasting load for long-term horizon. MEM originates from the structure of
autoregressive conditional heteroscedasticity (ARCH) model where conditional
variance is dynamically parameterized and it multiplicatively interacts with an
innovation term of time-series. Historical load data, accessed from a U.S.
regional transmission operator, and recession data for years 1993-2016 is used
in this study. The superiority of considering volatility is proven by
out-of-sample forecast results as well as directional accuracy during the great
economic recession of 2008. To incorporate future volatility, backtesting of
MEM model is performed. Two performance indicators used to assess the proposed
model are mean absolute percentage error (for both in-sample model fit and
out-of-sample forecasts) and directional accuracy.Comment: 19 pages, 11 figures, 3 table
- …