on Reallocation of Failed Project Resource Based on Priority

Abstract

Failed projects exist objectively and massively, and their real existence and potential values of their resources require for re-allocation. Nowadays more than 90% of the projects exist in the multi-project environment, and re-allocation of failed project resources is referred to the sort-order problem. Based on the theory of Earned Value, the article integrates three indexes: schedule, cost and quality through the introduction of Benefit/Penalty function and utilized function value to measure the implementation status of the project. According to the special nature of failed project resources, “relevance” factor needs to be put into consideration. In the end, case analysis shows the method can work out sort problems of re-allocation effectively.