The Justification of Complex Systems Analysis in Better Informing Project Decisions: A Study of the us Surface Transportation Board
Apanisile Temitope Samuel
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Apanisile Temitope Samuel: Doctoral Graduate, Faculty of Business Administration, ESPAM Formation University, Cotonou
International Journal of Research and Scientific Innovation, 2024, vol. 11, issue 8, 263-280
Abstract:
The complexity inherent in large-scale projects often challenges traditional project management approaches, particularly within the dynamic landscape of the United States Surface Transportation Board (STB). This study explores the application of Complex Systems Analysis (CSA) as a tool to better inform project decisions within this context. By examining the STB’s handling of recent rail transportation decisions and operational metrics within the Chicago Railroad Region, this research highlights the significant interdependencies and emergent behaviors that characterize the system. Utilizing Ontonix software for complexity analysis, the study identifies key leverage points that contribute disproportionately to the overall system complexity. The findings reveal that the current complexity level is perilously close to the critical threshold, indicating a high risk of instability. This underscores the need for adopting more sophisticated project management approaches, such as CSA, to enhance system resilience and optimize decision-making processes. The study concludes with recommendations for integrating CSA into traditional management frameworks to mitigate risks and improve project outcomes in highly complex environments.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bjc:journl:v:11:y:2024:i:8:p:263-280
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