Project Decisions

Project Decisions

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Project management is the art of making the right decisions. To be effective as a project manager, you must know how to make rational choices in project management, what processes can help you to improve these choices, and what tools are available to help you through the decision-making process. Project Decisions: The Art and Science is an entertaining and easy-to-read guide to a structured project decision analysis process. This valuable text presents the basics of cognitive psychology and quantitative analysis methods to help project managers make better decisions. Examples that portray different projects, real-life stories, and popular culture will help readers acquire the essential knowledge and skills required for effective project decision-making. Readers will be able to: Understand psychological pitfalls related to project management Establish a creative business environment in their organization Identify project risks and uncertainties Develop estimates of project time and cost based on an understanding of human psychology Perform basic quantitative and qualitative risk and decision analysis Use event chain methodology in managing projects Communicate the results of decision analysis to decision-makers Review project decisions and perform adaptive project management Establish a project decision analysis process in their organization PLUS a€” Test your own judgment through a quiz that examines your intuition! Table of Contents Part 1 a€” Introduction to Project Decision Analysis Am Project Decision Analysis: What Is It? Am a€œGut Feela€ vs. Decision Analysis: Introduction to the Psychology of Project Decision-Making Am Understanding the Decision Analysis Process Am What Is Rational Choice? A Brief Introduction to Decision Theory Am Creativity in Project Management Am Group Judgment and Decisions Am Are You Allowed to Make a Decision? Or the a€œFrustrated Developera€™s Syndromea€ Part 2 a€” Decision-Framing Am Identifying Problems and Assessing Situations AmDefining Project Objectives Am Generating Alternatives and Identifying Risks Part 3 a€” Modeling the Situation Am The Psychology and Politics of Estimating Am Project Valuation Models Am Estimating Probabilities Part 4 a€” Quantitative Analysis Am Choosing What Is Most Important: Sensitivity Analysis and Correlations Am Decision Trees and the Value of New Information AmWhat Is Project Risk? or PERT and Monte Carlo Am a€œA Series of Unfortunate Events, a€ or Event Chain Methodology Am The Art of Decision Analysis Reporting Am Making a Choice with Multiple Objectives Part 5 a€” Implementation, Monitoring, and Reviews Am Adaptive Project Management AmDid You Make the Right Choice? Reviewing Project Decisions Am Does Decision Analysis Provide a Solution?Finally, management wanted toputthe Priusintoproduction within 24 monthsa€” about two-thirds thetime required for conventional vehicles. ... Then, when the design team managed to start the car, it ran foronly afewhundred yardsbefore coming toa stop. Theteam found that the problem was thatthe batteries shut down becausethey became too hot. This pattern of ... Despite all its troubles, Toyota unveiled its new vehicle on October 1997a€”two months ahead of schedule. Thetotal cost ofanbsp;...

Title:Project Decisions
Author:Lev Virine and Michael Trumper
Publisher:Management Concepts Inc. - 2009-10-01


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