Systemic Insights for Value Creation in Solar PV Energy Markets: From Project Management to System Impacts
Project management often overlooks the consideration of long-term effects that may impact sustainability transition and innovation. This paper addresses this gap by presenting an analysis that extends the traditional project life cycle model through the incorporation of a new phase, labelled “system...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2025-03-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/18/6/1409 |
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| Summary: | Project management often overlooks the consideration of long-term effects that may impact sustainability transition and innovation. This paper addresses this gap by presenting an analysis that extends the traditional project life cycle model through the incorporation of a new phase, labelled “system impact”, which integrates innovation and sustainability into project management using a system dynamics methodology. To explore this extension, a simulation model is developed to analyse a solar photovoltaic (PV) power project, providing valuable insights into the systemic and dynamic impacts required for successful project outcomes, including effective benefits management and value creation. The results provide a sustainability-focused assessment of project success. Process innovation efficiency reaches its peak at 140 completed tasks, shortening the project duration from 18 to 13.25 months. This study highlights CO<sub>2</sub> emission avoidance over 25 years compared to fossil fuel generators. Economically, despite an initial cost three times higher, the solar PV alternative proves more cost-effective in the long run, amounting to only 19% of the total cost of the fossil fuel option. |
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| ISSN: | 1996-1073 |