Abstract

This paper is focused on the planning problems of production processes in small and medium manufacturing enterprises, where all business activities are performed based on project management practice. The aim of this research is to deliver the new approach for rapid planning and assessment of parameters for the case of multi-project management (MPM). The novel approach that suggests new methods for maximizing utilization of existing resources within a single manufacturing enterprise was proposes in current research.The aim was achieved based on assumption, that multi-project is a complex system, which is directed by laws of the complexity theory. Fractals represent a way of dealing with complexity; organize the complex system through the iteration and integration of the simple units and the common control rules. Using of fractal approach in MPM does not require special knowledge of complex system theory. The fractal idea is integrated into the framework for production planning in MPM environment.DOI: http://dx.doi.org/10.5755/j01.mech.20.3.6755

Highlights

  • This research paper is focused on the planning problems of production processes in manufacturing for small and medium enterprises (SMEs), which practice business activities that are performed based on integrated multiple projects management

  • The aim of the current research is to work out the method and principles of multi-project management targeted to maximization of existing resources utilization within a separate manufacturing enterprise in the projects management environment

  • The “entropy theory of project management” approach is based upon analogies with the discipline of statistical thermodynamics

Read more

Summary

Introduction

This research paper is focused on the planning problems of production processes in manufacturing for small and medium enterprises (SMEs), which practice business activities that are performed based on integrated multiple projects management. These problems have received a major attention from researchers and practitioners over the last decade. Coordination is especially difficult in situations where the complexity of the comprised projects leads to their separation into concurrent and interrelated tasks, the results of which must be integrated dynamically into an entire portfolio of a satisfactory solution. The aim of the current research is to work out the method and principles of multi-project management targeted to maximization of existing resources utilization within a separate manufacturing enterprise in the projects management environment

MPM as a complex system
Theory of fractals in project management
Entropy theory of project management
Fractal structure for MPM
Algorithm for FP output parameters definition
Realization of FP approach
Self-organization in MPM
Conclusions
Summary

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.