Integrative Approach of DEA and Malmquist for Performance Analysis of Projects

Abstract

An integrative approach of Data Envelopment Analysis (DEA) and Malmquist Productivity indicator for performance analysis of projects in Subsea R&D Center (SRDC) is presented. It is noticeable that, an output based model with constant efficiency was used for data analysis. Furthermore, since the DEA approach is merely used for homogeneous units, it was assumed that all the projects according to objectives in the project based organization, i.e. time, cost and acceptable quality were homogenised. However, results of this research are limited to an exact time and are related to special projects for the associated organization. Findings imply feasibility of using this model for measuring productivity improvement of projects in project based organizations. The innovation of this research may consider to integrative of DEA and Malmquist indicatorfor projects analysis and performance sensitivity analysisas well.

Keywords

• Project Performance
• Data Envelopment Analysis
• Malmquist Indicator
• Project Based Organization