Abstract
To make an accurate plan is a major subject of project management. To realize an accurate plan of project, it is necessary to observe each detail of project that is intricately interrelated from the point of view over the project life time and wide range. But analytic thinking can not always generate a right project plan. Elements in project depend on each other and changes to time-series consequently. If analytic thinking is employed as method for analyzing such changes, there is a limit of this approach itself. Therefore, in order to perform project evaluation appropriately, introduction of dynamic thinking is required. One of the typical tools of dynamic thinking is system dynamics. The approach of system dynamics provides behavior of project entire according to complex change of project elements. This approach leads system thinking for project risk analysis, i.e., risk cause and its occurrence timing in forecasted by dynamic model of project behavior. But this kind of dynamic evaluation in project management area has not been discussed enough. In this paper, two steps of considerations are provided: The first step is proposing a basic model of project management, which is based on waterfall type of software development model. After then, as the second step of consideration, the expanding model of basic one that express retail factors of each project phase. As result of this paper, one of the dynamic approaches for project evaluation is provided.