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System Dynamics Applied to Project Management: A Survey, Assessment, and Directions for Future Research

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Projects abound in industry, public service, and many other endeavors. As a series of activities or tasks that (1) have a specific objective (scope) to be completed within certain specifications (requirements), (2) have defined start and end dates, (3) have funding limits, and (4) consume and/or utilize resources (Project Management Institute 2000), projects have proven challenging to plan and manage. This is largely because project conditions and performance evolve over time as a result of feedback responses, many involving nonlinear relationships, and to accumulations of project progress and resources. This has made the application of system dynamics to project management a fertile and productive field of study. This entry surveys the large body of system dynamics work on projects, evaluates its progress, and suggests directions for future development.

Many different types of models have been developed to improve project management. These models include some of the system...

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Ford, D.N., Lyneis, J.M. (2019). System Dynamics Applied to Project Management: A Survey, Assessment, and Directions for Future Research. In: Meyers, R. (eds) Encyclopedia of Complexity and Systems Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-27737-5_658-1

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