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Systemic Insights for Value Creation in Solar PV Energy Markets: From Project Management to System Impacts

Author

Listed:
  • Javier A. Calderon-Tellez

    (Science Policy Research Unit—SPRU, Business School, University of Sussex, Brighton BN1 9RH, UK)

  • Milton M. Herrera

    (Economic Sciences Research Centre, Universidad Militar Nueva Granada, Bogotá 110111, Colombia)

  • Javier Sabogal-Aguilar

    (Economic Sciences Research Centre, Universidad Militar Nueva Granada, Bogotá 110111, Colombia)

  • Melisa Tuirán

    (Escuela de Ingeniería y Ciencias Básicas, Universidad EIA, Envigado 055428, Colombia)

  • Sebastian Zapata

    (Escuela de Ingeniería y Ciencias Básicas, Universidad EIA, Envigado 055428, Colombia)

Abstract

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 2 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.

Suggested Citation

  • Javier A. Calderon-Tellez & Milton M. Herrera & Javier Sabogal-Aguilar & Melisa Tuirán & Sebastian Zapata, 2025. "Systemic Insights for Value Creation in Solar PV Energy Markets: From Project Management to System Impacts," Energies, MDPI, vol. 18(6), pages 1-22, March.
    • Handle: RePEc:gam:jeners:v:18:y:2025:i:6:p:1409-:d:1611016
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    References listed on IDEAS

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