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overall project time-performance This doesn t explain why the out-turn was as it was, or whose fault it was, but it does give an overview of what happened and, surprisingly, management within projects managed in a distributed way with no project manager (eg under a coordination-matrix management approach) can have only a hazy view of how late key interim dates were Then, if there are a limited number of delays or disruptive events (and, if change orders are an issue, the number of change orders is not suf cient to constitute a cardinal change ), then the standard network-based methods are applicable and can be used.



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Asset Profit # # Max Trades Days Draw MDD MCL P:MD P:L Ratio %W Time %

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Otherwise, if there are many effects on the project, or the project was so complex that the out-turn cannot be intuitively expected from the effects known to have triggered the behaviour, it is necessary to seek to understand why the out-turn occurred and to trace the causality from the triggering effects For this, causal maps (to understand the causality) and System Dynamics (to quantify these effects) are necessary, as described in the section entitled Problems with current CPM methods, above (Networks can give an answer to what would have happened (had these effects not compounded together; had there not been systemicity within the effects; in particular, had management not acted in response to the triggering events and, for example, accelerated the project).

^ which represents a generalized design effect, where V r;ll is the lth diagonal element ^ r . The first-order corrected HL statistic is then given by of V X2 1 X2 =^ RS HL :; 20:26

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But even an analysis that says, this project would have been one year late due to the actions of the client but in fact was only three months late because the contractor accelerated , while being useful (it can be a defence against a claim for Liquidated Damages if the contractor is completely blameless and caused no parallel delays), in general does not help to credibly explain delays and replicate what actually happened in the project) In practice, a combination of methods for different parts of the project has often been found to be most appropriate, as the effects on different phases of the project may be different.

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2.5 Summary

For example, it may be that design and manufacturing were heavily accelerated in the face of a high level of disruption (which would imply a very high level of overspend); in this case, a causal map/SD analysis would be needed to explicate the factors and effects and replicate the out-turn, showing why this limited overrun (and high overspend) occurred; but it may be that the commissioning phase was delayed as discrete events affected discrete activities (albeit the causes of those events might have arisen from complex interactions of triggers which can be shown by the causal map analysis), which can be modelled using networks Work underway, as described in 10, is looking at closer combination of these methods bringing the bene ts of systemic modelling to the operational models provided by networks but this is still under.

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