Performance of mid-project reviews (MPRs): Quantification based on fuzzy recognition

Abstract

Purpose: The purpose of this paper is to develop and validate an innovative Fuzzy Recognition Based-Benefit Estimation Model (FRB-BEM) to quantify the benefits obtained from a Mid-Project Review (MPR) (e.g. the Gateway Review Process (GRP)). This is a quantitative assessment to evaluate the benefits obtained from conducting MPRs. With the wide adoption of MPR internationally, such measurements will better support critical decisions in capital projects and also assist to optimize project lifecycle performance. Design/methodology/approach: This paper adopted Relative Membership Degree (RMD) based fuzzy sets as the fundamental theory to develop the FRB-BEM utilizing linguistic information from ..