Home Part 2 MODEL FOR OPTIMIZING THE FINANCIAL RESOURCES ALLOCATION IN PROJECT MANAGEMENT USING DEPENDENCY STRUCTURE MATRIX (DSM)

MODEL FOR OPTIMIZING THE FINANCIAL RESOURCES ALLOCATION IN PROJECT MANAGEMENT USING DEPENDENCY STRUCTURE MATRIX (DSM)


Doru Ioan Ardelean, Ph.D
”Vasile Goldiș” Western University of Arad
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Abstract
Optimizing the resources allocation is one of the most essential aspects in a project management. Any financer or donor requires efficiency in using their funds. The paper outlines the possibility to use Dependence Structure Matrix (DSM) in the project financial management, in order to optimise the financial resources allocation between activity packages, during the project implementation, by focusing on higher risks areas. The effectiveness of the proposed tool was validated by its application to an illustrative example dealing with project resources allocation problem.
Key words: project management, financial resource allocation and optimization
JEL Classification: C 61, D81, D 82

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