Time–Cost Schedules and Project–Threats Indication

Abstract

One of the most common disciplines in a business or economic project is timing and resource review. Despite the frequency of use, the level of sophistication is not high enough to maintain its level of importance. Exceeding deadlines and non-compliance with contractual costs is more than common. Moreover, there are projects where uncertainties are a naturally accompanying phenomenon. Research projects, implementation of solutions in a time-limited situation, or in an environment of limited knowledge creates risk. Any project proposal faces future realization risks when its planning management does not know with certainty where the current risks and uncertainties may come from. Decision-making, risk management dynamics, and simulations have developed in recent decades into an erudite and useful discipline. The aim is to indicate how much of the time–cost schedule proposal is stable, controllable, and economically feasible. The approach is based on the idea that modern resource scheduling requires nonlinear dynamic calculating models and simulations. The methodology presented is based on the dynamics of underlying physical and economic processes that form a spatial pattern of a time series. The article’s objective is devoted to the early indication of a dynamic project schedule’s instability and predisposition to bifurcation and chaos. In other words, the aim is to show not only what will happen but how diverse and damaging the project may become in the future.

Usage of V2X Applications in Road Tunnels

“…Using hybrid communication, it is possible to share the data and integrate them into the tunnel control system, as well as the city traffic control management system [44], and thus it is possible to plan, schedule, and control these systems as a project with defined processes regarding risk management and decision-making solutions [45].…”

Time and Cost Schedule Dynamic–Hidden Trojan Horses

“…The disparities between hypotheses and realizations (Comparison with reference project in Figure 10) are numerous and economically painful. Publications such as [36][37][38][39] and analyzes such as [32,40] deal with the study of the phenomenon of multiple costs and term extensions. The intermittent implementation of investment projects, unfinished projects, and the deconstruction of projects before the start of use or during the lifetime of the investment are an indispensable warning.…”

Dynamics of Regional Development in Regional and Municipal Economy

“…In equation to (1) the savings are sY t over long-term (historically) stable. Loosely completed in the sense [17,22]: "we give up the created outputs (available benefits and perquisites) of the size sY t today so that we can enjoy more of the same in the future, at least to the extent as expressed by (Y t + sY t ). "…”

“…On the one hand, it is true that regions contribute to the development of a large variety of means, and they believe that the effect of each investment is measurable. The fact, however, is that the measurement of real values, benefits, functionality, rational benefits is difficult [4,17,18].…”