Link to thesis - Concept - NTNU
Link to thesis - Concept - NTNU
Link to thesis - Concept - NTNU
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7. ConclusionsProject phasesFlexibility in the front-end phases is the least controversial aspect of projectflexibility. This is particularly related <strong>to</strong> external flexibility. One objective of frontendmanagement is <strong>to</strong> provide a well-defined framework for efficient projectimplementation. Project flexibility can then be restricted <strong>to</strong> adjustments within thestrategic framework. The <strong>thesis</strong> has discussed the theoretical foundation for thisapproach, and shown empirically that minimising external flexibility after the frontendphase increases the likelihood of completing projects on time, within budget andaccording <strong>to</strong> specifications.Efficiency and effectivenessProject flexibility has been studied from both efficiency and effectivenessperspectives. The case in favour of flexibility emphasises the possibility <strong>to</strong> increase aproject’s effectiveness. As indicated in Figure 14, effectiveness is primarily addressedby external flexibility. Project scope is adjusted <strong>to</strong> utilise benefit opportunities.Regarding efficiency, such adjustment of project scope typically causes cost ofchanges. The net effect comes from a balance between the values of benefi<strong>to</strong>pportunities and incurred cost of changes.Internal flexibility (within the scope of a project) is primarily linked <strong>to</strong> cost reductionopportunities, which can be utilised by project management or involved contrac<strong>to</strong>rs.EfficiencyEffectivenessExternalflexibility(What?)ChangecostsBenefi<strong>to</strong>pportunitiesInternalflexibility(How?)Cost reductionopportunities(LimitedImpact)Figure 14. Internal and external flexibility versus efficiency and effectiveness.The analyses presented in this <strong>thesis</strong> indicate a major challenge in materialising theexpected benefits. On the other hand, the expected decrease in efficiency as aconsequence of project flexibility has been frequently observed throughout theanalysis.37