TUE 5:00 PM Plenary - System Dynamics Society Applications Award

Full Report:

The System Dynamics Society Applications Award ceremony was held on the 28th July, the second day of the conference, at 5:00 PM. The System Dynamics Society Applications Award recognizes not necessarily an academic standard journal paper but any work that demonstrates or develops any application that is usable in the real world and has an appreciable effect on it. There are some important points considered when deciding the award. The first consideration is to ask what was actually done: what is the purpose of the application, and how big of a difference has the application made? The second point to consider is how system dynamics has helped the application: in what way was it utilized, and does the application follow the philosophy of system dynamics? The third point is that the application should demonstrate financial value. It should have a financial impact on the environment in which it is applied.

This year, the award went to Mr. Greg Lee and Mr. Ken Cooper from Fluor Corporation for developing the Change Impact Assessment tool. It is difficult to achieve all the above points in an application, but this year’s winners are an inspiring example for everyone in the field. The idea behind the tool was that the experienced professionals have the knowledge of what will be the consequences and outcomes of certain events on a project and how the project will be affected by it, but they have no credible tool with which to pinpoint these events. The tool helps a project management professional to do just that.

Skip Navigation LinksFluor is a FORTUNE 500 company that delivers engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. The winners designed, built, and tested a model-based system to aid project management at Fluor. The tool has been extensively applied to improve project management in the company with great success and uses system dynamics to simplify large, complex, capital intensive projects. The model is set up and tailored for every diverse engineering and construction project the company handles including energy, industrial, chemical, power commercial, infrastructure, and federal government projects. It is used to foresee the future cost and schedule impacts of project changes and events and, more importantly, test ways to avoid the impacts. The tool has been used in more then one-hundred projects so far and improves the understanding of the trade-off between costs and construction start and completion dates. The whole workforce at Fluor, from top to bottom, has been trained on how to use this model and has given the company a significant advantage over its competitors.

Kamal Qaiser