Integrated Project Control Loop Concept

Abstract

AbstractThe purpose of this paper is to provide a systems engineering approach in project management elaborated in the environment of a complex European aeronautical research project. This paper introduces to actual research activities in the area of preventive risk avoidance and proactive risk handling mechanisms in complex projects based on an Integrated Project Control Loop (IPCL) concept, as a means supporting the Project Management (PM) decision making throughout the project life cycle. First experiences from this European project provide a potential applicable and tool‐supported ICPL concept enabling continuous improvements for PM. The IPCL concept consists of uncertainty management in terms of a continuous support to monitor project performance and to steer project functions (cost, time, quality, scope and organization) and the referring requirement profile based on an information integration framework (tool integration concept). The integrated information framework allows the technology based implementation of distributed information to specific PM information models on a centralized level. As a result of the concept outlined above, quantitative and qualitative deciding factors for adequate contingency allowance are exposed and provide a better understanding and situation awareness for PM.