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.