Reengineering the capital development process

New improvements in such fields as computer-aided design (CAD) systems, electronic data exchange (EDI), and database technologies have given project managers a wealth of new tools for creating information about projects and integrating it with project objectives. This article surveys some of these tools and discusses ways that project managers can use them. A total design database solution interconnects tools with shared data and depends upon EDI. Using object-oriented programming with new database technology, the WBS can produce informationalized objects for use in estimating costs, defining specification parameters, and directing the decision-making process. The work breakdown structure becomes a map of objects and their interconnected logic for specific projects. Restructuring the way that information is integrated and processed is one of the best ways to reduce projects costs and schedules.
registered user content locked

Log in or join PMI to gain access

or Account Registration

Advertisement

Advertisement

Related Content

  • PM Network

    Orbital Test member content locked

    By Ali, Ambreen It's getting crowded up there. In yet another space race driven by privatization, startups are launching projects to get more satellites into Earth's low orbit. Having more satellites closer to…

  • PM Network

    Jet Setters member content locked

    By Fister Gale, Sarah Like any leading aerospace company, Embraer is driven by a mission to aim higher. The company ranks as one of the world's largest commercial jet manufacturers, but with newer, more fuel-efficient…

  • PM Network

    Virtual Count member content locked

    By Parsi, Novid The United States government is about to embark on one of its highest-stakes IT projects ever—the nation's first digital census. Households will complete online surveys, and field workers will…

  • PM Network

    Animal-Free Attraction member content locked

    By Bishel, Ashley Veganism has gone from fringe to fad to on fire—and the business world is hungry for more. The vegan food industry recorded 20 percent year-over-year growth last year in the United States, with…

  • PM Network

    Leading Edge member content locked

    By Fister Gale, Sarah In the face of unprecedented disruption, organizations must adapt. This year's PMI® Project Excellence Award winners proved that, when teams embrace the need to pivot, they can deliver real value to…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.