Integration of net present value (NPV) method with project management for enhanced performance-ABB Ltd: Calcutta.

Abstract

Conventional project scheduling techniques apply limited consideration of the time-cost trade-off problem but financial aspect like minimizing a project's cost or maximizing a project's value has almost been completely ignored. The largest single attraction to a firm's involvement in any project is the expected financial potential. The limitation of the application of network scheduling techniques to the financial aspects of project scheduling is due to failure to extend project scheduling techniques beyond the salient features of the project's sequencing problem. Some of the recently completed project orders were selected for study as part of this report and it revealed some interesting facts which could not be envisaged at the time of execution of these projects in absence of appropriate tool. All the necessary data required for analysis were available.