Statistics Seminars: Bayesian Methods in Project Management
5 July 2007 14:00 in CM101
Different aspects of project management are illustrated. They are the results of research projects, still ongoing, and consulting activities which involved CNR-IMATI, Politecnico di Milano and Universidad Rey Juan Carlos de Madrid, and a leading Italian company.
Major emphasis will be devoted to the bidding process, when a company is interested in estimating costs and benefits from taking part in a bid, finalised to the construction of an industrial plant. Three aspects will be considered: forecasts of costs due to construction and losses due to rare but disruptive events, and modelling of competitors' behaviour.
Finally, we address the issue of execution of activities in due time, focusing on forecast of subcontractors' deliveries and critical chain and buffer management.
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