A model on cash flow forecasting and early warning for multi-project programmes: Application to the Operational Programme for the Information Society in Greece

Mavrotas, G; Caloghirou, Y; Koune, J

dc.contributor.author	Mavrotas, G	en
dc.contributor.author	Caloghirou, Y	en
dc.contributor.author	Koune, J	en
dc.date.accessioned	2014-03-01T01:21:44Z
dc.date.available	2014-03-01T01:21:44Z
dc.date.issued	2005	en
dc.identifier.issn	02637863	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/16348
dc.subject	Cash flow management	en
dc.subject	Forecasting	en
dc.subject	Managing programmes	en
dc.subject	S-curves	en
dc.subject.other	Approximation theory	en
dc.subject.other	Forecasting	en
dc.subject.other	Information technology	en
dc.subject.other	Mathematical models	en
dc.subject.other	Monitoring	en
dc.subject.other	Strategic planning	en
dc.subject.other	Cash flow	en
dc.subject.other	Communication technology	en
dc.subject.other	Cumulative expenses	en
dc.subject.other	Single contract	en
dc.subject.other	Information science	en
dc.subject.other	forecasting method	en
dc.subject.other	management	en
dc.subject.other	project management	en
dc.subject.other	Eastern Hemisphere	en
dc.subject.other	Eurasia	en
dc.subject.other	Europe	en
dc.subject.other	Greece	en
dc.subject.other	Southern Europe	en
dc.subject.other	World	en
dc.title	A model on cash flow forecasting and early warning for multi-project programmes: Application to the Operational Programme for the Information Society in Greece	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/j.ijproman.2004.07.009	en
heal.identifier.secondary	http://dx.doi.org/10.1016/j.ijproman.2004.07.009	en
heal.publicationDate	2005	en
heal.abstract	One of the most important programmes of the 3rd Community Support Framework for Greece is the Operational Programme for the Information Society (OPIS), which deals with the promotion of Information and Communication Technology (ICT) solutions in Greek society. Cash flow forecasting is essential in OPIS management as there are specific yearly commitments imposed by the European Commission and thus an efficient planning is required. In this study, a model on cash flow forecasting is developed and applied in order to improve the OPIS management. The model is based on a bottom-up approach starting from the level of a single contract towards the level of the entire programme. Each contract's cash flow is approximated with an appropriate S-curve that expresses its cumulative expenses. The results can be aggregated in all intermediate levels (project, measure, etc.), as well as for different groups of interest (implementation body, ministry, etc.). The model is also used as an early warning system in order to secure the proper execution of the programme and prevent from any loss of funds, due to delays. The first results of the model show that it can be a useful tool to the OPIS's administration not only for forecasting but also for monitoring and control. © 2004 Elsevier Ltd and IPMA. All rights reserved.	en
heal.journalName	International Journal of Project Management	en
dc.identifier.doi	10.1016/j.ijproman.2004.07.009	en
dc.identifier.volume	23	en
dc.identifier.issue	2	en
dc.identifier.spage	121	en
dc.identifier.epage	133	en