Budget allocation optimization in a complex multi-project environment

Boyette, Neil; Fang, Haijing

doi:10.1109/soli.2012.6273580

Cited by 2 publications

(3 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Project financing within smart city construction project requires a much amount of cost. Thus, it is essential to manage and oversee the necessity cost of each project task to make the allocation effective and does not hinder the project development [11][14] [18].…”

Section: A Project Financingmentioning

confidence: 99%

“…The head of project financing should take an active role in managing and overseeing the financial report of the project weekly and validating the entire financial plan arranged by the manager of each project [11] [19]. During report overseeing, the head of project financing should be able to view and consider which project possessing secure and harmless project financing record [2] [19] [20].…”

Section: A Project Financingmentioning

confidence: 99%

“…To answer and resolve the above-mentioned issues, optimization system which is able to optimize and manage the allocated cost flow in each project and also oversee the cost condition within each project is designed [11] [12]. The project development are data center construction, wall room construction, city CCTV distribution, mechanical engineering development and supporting facility construction [13] [14].…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Makassar Smart City Operation Center Priority Optimization Using Fuzzy Multi-Criteria Decision- Making

Kurniawan¹,

Wibawa²,

Munir³

et al. 2017

EECSI

View full text Add to dashboard Cite

The development of smart city operation room of Makassar possesses several equally important stages which are equally important. There are four stages of development that are 1) data center construction, 2) camera distribution around the city , 3) wall room monitoring construction, and 4) smart operation room architecture construction. Since the time and cost are limited, it forces the project manager to be able to manage and control the priority in conducting the project. There are several usable criteria to determine the priority in conducting the project development through criteria consideration of the entire project stages. Project priority optimization system aims at making every single project activity effective including its evaluation process. It also exposes a ranking illustration of foremost project priority by providing cost preference of the entire development stages. Fuzzy Multi-Criteria Decision-Making is used to illustrate the project priority rank and further to determine the alternative optimal option in conducting the project. This enforces particular project to allocate its cost to the project with a higher level of cost necessity. The company, therefore, enables to make effective funding for the entire project based on the level of importance and time achievement and subsequently it promotes accessible technology integration. The conducted experiment suggests that the first construction of the project is data center construction followed by wall room construction and CCTV distribution. This is relevant with optimization value result of data center 0,405 higher than A2 0,42 for wall room construction and A3 CCTV distribution 0,24.

show abstract

Section: A Project Financingmentioning

confidence: 99%