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Building Options at Project Front-End Strategizing: The Power of Capital Design for Evolvability

Book Description

How do project teams overcome differences to adopt a design plan that strikes a balance between short-term affordability and long-term adaptability? In the book, Building Options at Project Front-End Strategizing: The Power of Capital Design for Evolvability, Guilherme Biesek and Nuno Gil cite research indicating the need for a formal framework to develop front-end strategies that ensure cost-effective management of the project through future change.

Table of Contents

  1. Cover Page
  2. Title Page
  3. Copyright Page
  4. Table of Contents
  5. Manuscript Summary
  6. Acknowledgements
  7. List of Tables
  8. List of Figures
  9. Chapter 1—Introduction
    1. 1.1 - Problem Articulation
    2. 1.2 - Conceptual Context and Research Gap
    3. 1.3 - Research Purpose, Objectives, and Research Questions
    4. 1.4 - Manuscript Structure
  10. Chapter 2—Literature Review
    1. 2.1 - Capital Management of Projects: Integrating Risk Management and Design Flexibility at Front-End Strategizing
    2. 2.2 - Real Options: Theory and Practice
    3. 2.3 - Final Considerations
  11. Chapter 3—Research Method
    1. 3.1 - Research Design
    2. 3.2 - Research Validity and Reliability
  12. Chapter 4—Exploratory Study: Uncovering Design for Evolvability Practices in Single-Funder Capital Project Environments
    1. 4.1 - Introduction
    2. 4.2 - Research Context
    3. 4.3 - Front-End Strategizing
    4. 4.4 - Using Options Logic in Capital Design for Evolvability
    5. 4.5 - Assessing the Flexibility Built-In
    6. 4.6 - Final Observations
  13. Chapter 5—Design for Evolvability in Multi-Funder Environments: Insights from an Embedded Case Study at Network Rail
    1. 5.2 - The NR Capital Project Context
    2. 5.3 - Design for Evolvability in NR Capital Projects
    3. 5.4 - Final Considerations
  14. Chapter 6—A Proof-Of-Principle of a Method to Design for Evolvability
    1. 6.1 - Introduction
    2. 6.2 - Part 1—Analyzing Options
    3. 6.3 - Part 2—Designing Alternatives
    4. 6.4 - Part 3—Project Strategizing
    5. 6.5 - Design for Evolvability Champion
  15. Chapter 7—A Two-Group Controlled Experiment: Lab-Based Simulation of the Salford Crescent Redevelopment Project
    1. 7.1 - The Value of Theory-Oriented Experimental Research
    2. 7.2 - The Purpose of a Lab-Based Simulation of Front-End Strategizing
    3. 7.3 - Details of the Capital Project Informing the Simulation Experiment
    4. 7.4 - Generation of Experimental Data
    5. 7.5 - Analysis of the Simulation Results
  16. Chapter 8—Final Considerations: Research Implications and Outlook
    1. 8.1 - Summary
    2. 8.2 - Contributions to Theory and Practice
    3. 8.3 - Limitations and Future Research Directions
    4. 8.4 - Final Considerations
  17. References
  18. Appendices
    1. A - Interview Protocol
    2. B - Questionnaire to Assess Overall Satisfaction with the Front-End Strategizing Process
    3. C - Instructor's Guide
    4. D - Estimating Volatility from Historical Data
    5. E - Generic and Bespoke Design Briefs
    6. F - Route Map for Cross-Pennine, Yorkshire & Humber and North West
    7. G - TOC Franchises around the Salford Crescent Area
    8. H - Meeting Agenda
    9. I - Harvard-Style Case Study