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on Project, Program and Portfolio Management |
| By: | Fernando Acebes; David Curto; Juan de Anton; Felix Villafanez |
| Abstract: | Risk management is a fundamental discipline in project management, which includes, among others, quantitative risk analysis. Throughout several years of teaching, we have observed difficulties in students performing Monte Carlo Simulation within the quantitative analysis of risks. This article aims to present MCSimulRisk as a teaching tool that allows students to perform Monte Carlo simulation and apply it to projects of any complexity simply and intuitively. This tool allows for incorporating any uncertainty identified in the project into the model. |
| Date: | 2024–05 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2405.20688&r= |
| By: | Fernando Acebes; Jos\'e Manuel Gonz\'alez-Varona; Adolfo L\'opez-Paredes; Javier Pajares |
| Abstract: | The project managers who deal with risk management are often faced with the difficult task of determining the relative importance of the various sources of risk that affect the project. This prioritisation is crucial to direct management efforts to ensure higher project profitability. Risk matrices are widely recognised tools by academics and practitioners in various sectors to assess and rank risks according to their likelihood of occurrence and impact on project objectives. However, the existing literature highlights several limitations to use the risk matrix. In response to the weaknesses of its use, this paper proposes a novel approach for prioritising project risks. Monte Carlo Simulation (MCS) is used to perform a quantitative prioritisation of risks with the simulation software MCSimulRisk. Together with the definition of project activities, the simulation includes the identified risks by modelling their probability and impact on cost and duration. With this novel methodology, a quantitative assessment of the impact of each risk is provided, as measured by the effect that it would have on project duration and its total cost. This allows the differentiation of critical risks according to their impact on project duration, which may differ if cost is taken as a priority objective. This proposal is interesting for project managers because they will, on the one hand, know the absolute impact of each risk on their project duration and cost objectives and, on the other hand, be able to discriminate the impacts of each risk independently on the duration objective and the cost objective. |
| Date: | 2024–05 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2405.20679&r= |
| By: | Hackmann, Angelina |
| Abstract: | In recent decades, biodiversity has declined significantly, threatening ecosystem services that are vital to society and the economy. Despite the growing recognition of biodiversity risks, the private sector response remains limited, leaving a significant financing gap. The paper therefore describes marketbased solutions to bridge the financing gap, which can follow a risk assessment approach and an impact-oriented perspective. Key obstacles to mobilising private capital for biodiversity conservation are related to pricing biodiversity due to its local dimension, the lack of standardized metrics for valuation and still insufficient data reporting by companies hindering informed investment decisions. Financing biodiversity projects poses another challenge, mainly due to a mismatch between investor needs and available projects, for example in terms of project timeframes and their additionality. |
| Keywords: | Biodiversity, Green Finance, Financing Gap |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:safewh:296481&r= |
| By: | Emir Fejzic; Will Usher |
| Abstract: | A fast-paced policy context is characteristic of energy and climate research, which strives to develop solutions to wicked problems such as climate change. Funding agencies in the European Union recognize the importance of linking research and policy in climate and energy research. This calls for an increased understanding of how stakeholder engagement can effectively be used to co-design research questions that include stakeholders' concerns. This paper reviews the current literature on stakeholder engagement, from which we create a set of criteria. These are used to critically assess recent and relevant papers on stakeholder engagement in climate and energy projects. We obtained the papers from a scoping review of stakeholder engagement through workshops in EU climate and energy research. With insights from the literature and current EU climate and energy projects, we developed a workshop programme for stakeholder engagement. This programme was applied to the European Climate and Energy Modelling Forum project, aiming to co-design the most pressing and urgent research questions according to European stakeholders. The outcomes include 82 co-designed and ranked research questions for nine specific climate and energy research themes. Findings from the scoping review indicate that papers rarely define the term 'stakeholder'. Additionally, the concepts of co-creation, co-design, and co-production are used interchangeably and often without definition. We propose that workshop planners use stakeholder identification and selection methods from the broader stakeholder engagement literature. |
| Date: | 2024–06 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2406.01640&r= |
| By: | R. Saba; A. Pireddu |
| Abstract: | The European decarbonisation pathway, initiated by the Green Deal and reinforced by RePowerEU and the 'Fit for 55' package, emphasizes the critical role of sustainable energy transition for both the EU and the Mediterranean region. This shift requires rapid adoption of renewable energy, phasing out fossil fuels, and developing green hydrogen and Power to X technologies. Consequently, expanding and advancing electricity infrastructures, such as grids and storage systems, is essential to manage increased electrification and distributed energy production and consumption. Italy faces significant delays in connecting projects to the national grid, highlighting the need for urgent infrastructural improvements. Investments by TERNA and ENEL aim to enhance grid integration within Italy and between European and Mediterranean transmission systems. Benefits of transnational energy integration include delaying new fossil-fuelled power plants, reducing reserve capacity needs, lowering system costs, and enhancing energy sharing, reliability, and competition. The EU s strategic pursuit of energy integration is underscored by geopolitical tensions emphasizing the importance of cross-border energy flows and diversified electricity suppliers. The Joint Communication for a Renewed Partnership with the Southern Neighbourhood focuses on low-carbon energy transition, renewable energy, and clean hydrogen. The Mediterranean region s abundant solar and wind resources present significant cooperation opportunities in clean energy, particularly hydrogen production. Key projects like the ELMED-TUNITA and regional initiatives such as the Eight Country Interconnection Project facilitate energy sharing and stability. Italy s potential as an energy hub in the Euro-Mediterranean network is evident, primarily focusing on electricity and renewable energy sources. Sardinia plays a crucial role with ambitious targets for renewable energy to support the energy transition. Future energy cooperation between Europe and the Mediterranean will depend on harmonizing legal frameworks, sharing climate goals, and increasing financial resources. Ensuring a just transition, based on equity and solidarity, is essential for sustainable development and balanced growth in the Mediterranean. |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:cns:cnscwp:202409&r= |
| By: | Salvaggio, Salvino A. |
| Abstract: | This brief article explores the shifting landscape of classical music, driven by evolving audience tastes and preferences. It examines key drivers such as technological innovation, demographic changes, socioeconomic factors, and changing media consumption patterns that have reshaped the industry. The article highlights the impact of these shifts on management strategies, emphasising the need for audience development, financial analysis, and strategic agility. It also showcases innovative practices adopted by orchestras to enhance audience engagement, including hybrid performances, collaborative projects, educational outreach, technological integration, and community engagement. The article concludes by outlining opportunities for future research and the importance of continuous adaptation and creativity for the resilience and vitality of classical music and the performing arts. |
| Date: | 2024–05–25 |
| URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:gj7c2&r= |
| By: | Amine Hmid (FSJES AIN SEBAA, Hassan II University –Casablanca); D Abbadi (FSJES AIN SEBAA, Hassan II University –Casablanca); A Laamari (INRA Maroc - Institut national de la recherche agronomique [Maroc]) |
| Abstract: | In the face of the rapid expansion of globalization, the territory is no longer seen as just a geographical space; it has become a key player in development. In this context, the Moroccan state has found it necessary to reconsider its centralized approach to territorial management, which was in place until the 2000s. This approach has shown its limitations and has only increased territorial disparities.This article explores the issue of territorial action through the lens of strategic territory management, favoring bottom-up development. It provides a theoretical overview of the research, tracing the history of territorial action in Morocco, and presenting the foundations of the territorial project. The analysis highlights the contribution of strategic management as a new configuration of territorial action and governance as a tool for collective decision-making. A qualitativemethod, based on in-depth document analysis and participation in conferences, was adopted for data collection. The results revealed the state's commitment to a policy of strategic territory management to grant autonomy to territories. However, this commitment remains limited, in a learning phase, and partially dependent on central policies |
| Abstract: | Le territoire, en tant qu'acteur clé du développement, nécessite une gestion spécifique face aux limites de la démarche de développement par le haut, générant des disparités territoriales. L'article explore la problématique de l'action territoriale sous l'angle du management stratégique des territoires, privilégiant le développement par le bas. Il offre un aperçu théorique de la recherche, retraçant l'histoire de l'action territoriale au Maroc et exposant les fondements du projet de territoire. L'analyse met en lumière la contribution du management stratégique en tant que nouvelle configuration de l'action territoriale et la gouvernance en tant qu'outil de décision collective. Une méthode qualitative basée sur une analyse documentaire approfondie et la participation à des conférences a été adoptée pour la collecte des données. Les résultats ont montré l'engagement de l'État dans une politique de management stratégique des territoires pour accorder une autonomie aux territoires. Cependant, cet engagement reste limité, et dans une phase d'apprentissage et dépendant partiellement des politiques centrales. |
| Keywords: | Territorial management, Governance, Territory, Territorial project, Strategy, Management territorial, Gouvernance, Territoire, Projet de territoire |
| Date: | 2024–05–01 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04567584&r= |
| By: | Erwin Bulte; Andreas Kontoleon; John List; Ty Turley; Maarten Voors |
| Abstract: | We use a field experiment in Sierra Leone to examine how the identity of the manager influences rent seeking and performance in participatory development projects. Specifically, we vary the composition of a committee responsible for implementing a development project-local elites or randomly selected villagers. The design is unique in that it permits us to explore the effectiveness of two alternative local governance modalities and the extent of elite capture in community projects. We find little evidence that local elites capture project resources. We do observe they are better managers of development projects. Improved performance covaries with a proxy for power of the local chief. |
| Date: | 2023 |
| URL: | https://d.repec.org/n?u=RePEc:feb:natura:00789&r= |
| By: | Nigussie, Likimyelesh (International Water Management Institute); Minh, Thai Thi (International Water Management Institute); Schmitter, Petra (International Water Management Institute) |
| Abstract: | Achieving gender equality in irrigation can result in greater production, income, and job opportunities for both men and women smallholder farmers from diverse social groups, while building climate resilience in sub-Saharan Africa. In Ethiopia, national irrigation agencies, donors, and researchers have been assisting project implementers to mainstream gender issues into the planning and implementation of irrigation programs. However, although efforts to close gender gaps in irrigation have been increasing, little is known about how interactions among institutions at different scales may determine the success of gender-mainstreaming strategies. This study presents a qualitative analysis of how the interaction of institutions at multiple levels can shape the success of gender-mainstreaming strategies. Specifically, the study analyzed how institutions' rules, roles, and capacities at state, market, community, and household levels shaped strategies in Ethiopia's nine small-scale and micro irrigation development projects. The findings show that ‘rule-based’ strategies adopted by small, scheme-based irrigation projects emphasize policies and rules for equal rights and opportunities for equal participation in individuals' and institutions' decision-making and capacity development. ‘Role-based’ strategies adopted by projects promoting small-scale and micro irrigation technologies focus on challenging social norms to address the imbalance of power and workloads by developing the capacity of all stakeholders. Both strategies focus on women and use participatory approaches to ensure gender equality. Negative stereotypes about women from families, communities, and the private sector often make it difficult for gender mainstreaming to succeed. Furthermore, institutional biases and limited capacities reproduce gender inequality by reinforcing stereotypical gender norms. Transformative gender mainstreaming strategies are critical to holistic approaches that facilitate change at different scales through broad-based partnerships between actors. It calls for 1) enacting policy, creating an institutional environment, and developing governance mechanisms for mainstreaming gender; 2) enhancing the accountability system and adoption of gender-transformative approaches to involve more women farmers in designing, planning, and management; 3) creating a supportive institutional environment at market, community and household level that helps women farmers invest in irrigation; and 4) applying an intersectional lens in gender analysis and mainstreaming. |
| Keywords: | Gender mainstreaming/Small-scale irrigation/Institutional development/Irrigation development/Development projects/Gender-transformative approaches/Strategies/Women farmers/Gender equality/Equal rights/Participatory approaches/Decision making/Smallholders/Farmer-led irrigation/Irrigation technology/Microirrigation/Climate resilience/Income generation/Markets |
| Date: | 2023 |
| URL: | https://d.repec.org/n?u=RePEc:iwt:rerpts:h052414&r= |