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Researchers from University of Stavanger, University of Melbourne, and University of Wisconsin-Madison published a new paper in the
Journal of Marketing that examines how major projects undertaken by temporary organizations can be better managed so that cost overruns are minimized.
The study forthcoming in the
Journal of Marketing is titled Mobilizing the Temporary Organization: The Governance Roles of Selection and Pricing and is authored by Elham Ghazimatin, Erik Mooi, and Jan Heide.
When consumers return to the skies again, they may do so in Boeing s 787 Dreamliner. But the project, or temporary organization, created to make this plane a reality ran much over-budget and created significant dissatisfaction among Boeing s customers. Such cost overruns are a common outcome of major engineering and construction projects. In fact, studies show that nine out of ten have significant cost overruns, with overruns above 100 percent quite common. The implications of cost
OPINION: This week s
Upstream exclusive about Shell moving ahead with the long-delayed Linnorm gas and condensate development adds to an increasing number of dormant Norwegian projects dusted down for action in the second half of this year.
In April, a study by Norwegian Oil & Gas Association estimated that offshore investments would fall by 50% from previous estimates due to the Covid-19 pandemic.
Less than a year later, a new estimate from Statistics Norway shows a meagre drop of just 4.2% in investments, with 2021 capital expenditure estimated at Nkr178.9 billion ($19 billion) and additional projects still unreported.
The rebound is attributed to the Norwegian parliament’s move, in June 2020, to approve a generous temporary tax-relief package for projects sanctioned by the end of 2022.
LUIS MENDO
Scents and smells provide us with unique clues about the environment but, unlike animals or plants, humans massively under-use this wealth of olfactory information. This will change in 2021, and smell will be treated as data to enhance products in real time and in response to usersâ engagement.
Smell-based communication has been mooted for some time, but in 2021 we will see sophisticated ways of encoding, recording and reporting olfactory signals. Processing of olfactory data will be added to search-engine/voice-search queries and integrated with multimedia information for sales, marketing, public messaging and educational purposes. Companies such as Olorama Technology, based in Valencia, and Aromyx in Mountain View, California, are already developing smell simulators, voice-activated scents and bespoke odours tailored to individual projects and customersâ needs.
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Over the course of its virtual Annual Meeting, the Society for Risk Analysis (SRA) awarded six prestigious scholarly and service awards and named seven new Fellows. These awards recognize 14 individuals for their outstanding contributions to the society and to the science of risk analysis. The recipients were nominated by their peers, selected by a committee of SRA members and approved by the SRA Council. This year s awardees include:
2020 SRA Chauncey Starr Distinguished Young Analyst Award - Roger Flage, Ph.D., from the University of Stavanger. Given to a professional age 40 or younger, Flage is recognized for his contributions to establishing the foundations of risk analysis and his exceptional promise for continued contributions to the Society and risk science.
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