Developing an integrated management system for optimising project options

Abstract

Purpose - This paper aims to discuss the development of an integrated management system (IMS) by linking quantitative and qualitative decision parameters with a view to rank and optimise capital projects. Roles and impacts of the non-financial criteria have been combined with traditional financial criteria for decision-making and management processes in dynamic project environment. Design methodology/approach - Both tangible and intangible information associated over project life cycle have been integrated and the dynamic operating environment is evaluated in proactive decision-making process. In this research, a closed loop feedback system incorporating stakeholder's input with project's bu..