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on Project, Program and Portfolio Management |
| By: | Stefan Creemers |
| Abstract: | We study the Net Present Value (NPV) of a project with multiple stages that are executed in sequence. A cash flow (positive or negative) may be incurred at the start of each stage, and a payoff is obtained at the end of the project. The duration of a stage is a random variable with a general distribution function. For such projects, we obtain exact, closed-form expressions for the moments of the NPV, and develop a highly accurate closed-form approximation of the NPV distribution itself. In addition, we show two limit theorems that also apply in a more general context (i.e., that also apply for projects where stages are not necessarily executed in sequence). Our work has direct applications in the fields of project selection, project portfolio management, and project valuation. In addition, our work is closely related to the work of CPM/PERT, however, whereas CPM/PERT deals with project completion time, we focus on project NPV. |
| Keywords: | Net Present Value, NPV Distribution, Project Management, Project Evaluation, CPM, PERT |
| Date: | 2016–10 |
| URL: | http://d.repec.org/n?u=RePEc:ete:kbiper:552744&r=ppm |
| By: | Greene, Laura; Mamic, Ivanka. |
| Abstract: | The world of work is changing. A major factor contributing to this is the proliferation of information and communication technologies, with mobile technology playing a central role. More and more people are able to access the Internet through their mobile devices. This has empowered them to work from anywhere but it has also led to the decline of traditional forms of employment. In the broader development context, mobile technology has been used extensively to reach beneficiaries and target audiences. Overall, this presents organizations with a challenge but also an opportunity to adapt projects and interventions to new technologies. This paper outlines technological and institutional hurdles related to the future uptake and implementation of mobile technology platforms and the use of mobile technology as a means of outreach. |
| Keywords: | choice of technology, information technology, social network, choix de technologie, technologie de l'information, réseau social, elección de tecnología, tecnología de la información, red social |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:ilo:ilowps:994867513402676&r=ppm |
| By: | Eric Schmidbauer (University of Central Florida, Orlando, FL) |
| Abstract: | Each of n experts communicates with a principal about the privately observed quality of the expert's own project via cheap talk, with new independently drawn projects available each period until the principal adopts one. Even when experts are very biased in that they only receive a positive payoff if their own project is selected, we show that informative equilibria may exist, characterize the set of stationary equilibria, and nd the Pareto dominant symmetric equilibrium. Experts face a tradeoff between inducing acceptance now versus waiting for a better project should the game continue. When the future is more highly valued experts send more informative messages, increasing the average quality of an adopted project and resulting in a Pareto improvement, while communication is harmed and payoffs can decline when there is more competition between experts. |
| Keywords: | cheap talk, multiple senders, competition |
| JEL: | D23 D74 D82 |
| Date: | 2016–10 |
| URL: | http://d.repec.org/n?u=RePEc:cfl:wpaper:2016-04&r=ppm |
| By: | Michaella Morzuch; Sheila Hoag |
| Abstract: | The Cities Expanding Health Access for Children and Families (CEHACF) project was designed to capitalize on both cities’ responsibility for protecting the health and well-being of their residents and municipal leaders’ platform for engaging residents. The project’s overarching goal was to empower municipal leaders in competitively selected cities to partner with community stakeholders to find uninsured children already eligible for, but not enrolled in, public coverage available through Medicaid and CHIP—and, potentially, their adult parents who were newly eligible for Medicaid or marketplace coverage through ACA rules—and enroll them. Beginning in January 2013, CEHACF engaged selected cities on children’s coverage issues through a three-stage, competitive grant-making process. |
| Keywords: | Medicaid, CHIP, ACA, Cities, Outreach, Enrollment |
| JEL: | I |
| URL: | http://d.repec.org/n?u=RePEc:mpr:mprres:85a98b0ecae54195aa7403f463843c1c&r=ppm |