Model for integrated project management

Although there has been important research on construction management's life cycle, stakeholders, micro and macroenvironment, there has not been a model defined that can link the above. This while the need to integrate construction management's life cycle, stakeholders, micro and macroenvironment into both theory and practice is essential. The Model for integrated project management, described in this paper, consists of six stages. The purpose of this study is also to examine micro and macroenvironment impact on efficiency of project managers and project performance, based on the proposed Model. We conclude that the proposed Model offers a promising research toward improving construction management efficiency through giving construction managers method for enhancing a project's efficient micro and macroenvironment. First Publish Online: 09 Jun 201

Post‐mortem analysis on the analysis and evaluation of risks in construction project management

Risk management is used more and more in building industry projects. An essential element of the risk management process is the analysis and evaluation of risks. Therefore, project assessment with the help of the post‐mortem analysis plays an important role. The post‐mortem analysis is a tool frequently used in software projects today for the reduction of risks. The clearness of the goal of improvement measures is sharpened by the examination of the project steps in connection with the success factors of the organization. The results of a post‐mortem analysis deliver detailed information on where improvement measurements are necessary in the project future. Growth in project management know‐how is created through the discussion of the participants of all hierarchy levels. Therefore, the post‐mortem analysis is also applicable for use in the construction project. The procedure is introduced in the work at hand. First Published Online: 14 Oct 201

Adoption of MIMIC model for estimation of digital shadow economy

This articles analyses a contemporary problem, which has not been thoroughly analysed in scientific literature – Estimation of Digital Shadow Economy through a modified MIMIC model. It is the first pilot research of such type, which allows to reveal the need of deeper data analysis and data collection. Received results show, that three causal factors (internet access, and PC availability for households, non-cash payments, placement of innovative financial instruments on a market) and three indicators (non-cash transfers through internet payment platforms, volume of payments in cryptocurrencies and parcels, which are tax free at the customs) are not enough in order to perform interpretations of economic results. Additionally, the data set should cover longer-term data, however the limitation appears due to relatively short existence of innovative financial products and the lack of information accumulation about necessary data in statistical databases

Comparative assessment of economic development in the countries of the European Union

Investment, the entry of foreign firms depends of a large extent on the country’s goodwill, which is reflected in various ratings. This representation of the situation is approximate, as it does not estimate the differences between the values of the indicators with adjacent grades. This can be avoided by dividing countries into homogeneous groups. It is appropriate to do so on the basis of non-linear grouping rather than linear grouping. It is based on the transformation of data into a dimensionless scale and linear grouping. In the case, its homogeneity increases thanks to the levelling of the most distinctive values and the alignment of the statistical characteristics of the groups. The aim of the article is to propose in principle, a new approach to the ranking of countries on the basis of their level of economic development. It was found that the nonlinear decision of countries into homogenous groups and compared to the linear grouping more accurately reflect the current situation

Model for integrated project management

Although there has been important research on construction management's life cycle, stakeholders, micro and macro environment, there has not been a model defined that can link the above. This while the need to integrate construction management's life cycle, stakeholders, micro and macro environment into both theory and practice is essential. The Model for integrated project management, described in this paper, consists of six stages. The purpose of this study is also to examine micro and macro environment impact on efficiency of project managers and project performance, based on the proposed Model. We conclude that the proposed Model offers a promising research toward improving construction management efficiency through giving construction managers method for enhancing a project's efficient micro and macro environment

Operation and development of electronic markets as prognostic instrument for business planning

Strategic planning is crucial for the survival of a company, wide‐ranging decisions about future action must be taken. The information basis for such decisions is often gained from forecasts about the future with more or less accurate probability of the assumed event occurring. Electronic markets have been the subject matter of numerous investigations in recent years and if organized correctly show a high degree of accuracy in forecasting future events relevant to the business of a company. In major enterprises prediction markets have already been used successfully as a new kind of prognostic instrument. It is also suitable, however, for small and medium‐sized enterprises for the gathering and assessment of the information available to the employees. When developing prognostic markets it is necessary to take into consideration psychological factors, which could favour incorrect results. First published online: 14 Oct 201

The development of an electronic system for contracts and the execution of building work in Germany

Public administrations are banking on electronic media to improve their processes, particularly in the field of construction due to the potential savings that are expected. With the project e-system for the award of public contracts the federal government is pursuing the aim of handling public procurement entirely over the internet. The legal requirements have been created in the form of the Digital Signatare Act (Signaturgesetz) and the corresponding changes in the Regulations on Provisions for the Award of Public Contracts and the Official Contracting Terms for the Award of Contracts. The focus is on making legally binding declarations on intent. This is made possible by the advanced electronic signature with a qualified certificate. In technical terms the concept is realised through the use of a public key concept. In Germany, the electronic system for the award of public contracts has been implemented in the context of three pilot projects which are explained in the study

Elektroninių statybos darbų plėtra Vokietijoje

Public administrations are banking on electronic media to improve their processes, particularly in the field of construction due to the potential savings that are expected. With the project e-system for the award of public contracts the federal government is pursuing the aim of handling public procurement entirely over the internet. The legal requirements have been created in the form of the Digital Signature Act [Signaturgesetz] and the corresponding changes in the Regulations on Provisions for the Award of Public Contracts and the Official Contracting Terms for the Award of Contracts. The focus is on making legally binding declarations on intent. This is made possible by the advanced electronic signature with a qualified certificate. In technical terms the concept is realised through the use of a public key concept. In Germany, the electronic system for the award of public contracts has been implemented in the context of three pilot projects which are explained in the study

Strategies for avoiding asymmetric information in construction project management

A construction project is characterized by a high number of project participants and a multitude of contract relations. The Principal Agent Theory deals with the design of contracts, especially with respect to asymmetric information. Asymmetric distribution of information in co‐operations can have effects before as well as after closing a contract. In construction project management therefore attention has to be paid to where information imbalances occur. Several methods are known with which one can cope with the resulting problems but which in turn cause costs. First published online: 14 Oct 201

The model of corporate social responsibility in project management

Corporate social responsibility as a management concept is growing more and more important also for project companies. The task of project management is to identify relevant ecological systems, to recognize the internal and external dimension of social responsibility, and to test existing standards of Corporate Social Responsibility for their applicability in projects. The special benefit of CSR in projects is to set-up values such as integrity, credibility and reputation. For successful implementation of CSR activities, it is essential to align the commitment of the project organization to the own business operations and own goals. Įmonių socialinės atsakomybės vadybos modelis Santrauka. Įmonių socialinės atsakomybės koncepcija tampa vis svarbesnė. Projektų vadybos tikslas – nustatyti svarbias ekologines sistemas, suvokti vidinius ir išorinius socialinės atsakomybės aspektus, patikrinti verslo socialinės atsakomybės standartus. Įmonių socialinės atsakomybės nauda – sukurti tokias vertybes, kaip dorumas, patikimumas ir reputacija. Reikšminiai žodžiai: socialinė korporacijos atsakomybė, darnioji plėtra, socialinė atsakomybė, projektų valdymas, darniosios plėtros trimatis pagrindas. First Published Online: 10 Dec 200