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Managing Project Risk and Uncertainty: A Constructively Simple Approach to Decision Making

Published on Oct 11, 2002
Chris Chapman22
Estimated H-index: 22
,
Stephen Ward22
Estimated H-index: 22
Abstract
This title confidently puts forward a practical, new approach to decision making in an uncertain business world. Many variables are accounted for and the authors are innovative in integrating previous types of decision-making approaches with a more fluid, and therefore realistic model that can be applied across a wide range of contexts and decisions. A new title on a important topic that not only stands well on its own, but also complements Chapman and Ward's previous title Project Risk Management. This book is practical and rigorous yet written in an engaging way. It is perfect for courses, or to be used by practitioners.
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  • Citations (82)
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The purpose of this research was to study the recognition, application and quantification of the risks associated in managing projects. In this research, the management of risks in an oil and gas project is studied and implemented within a case company in Oman. In this study, at first, the qualitative data related to risks in the project were identified through field visits and extensive interviews. These data were then translated into numerical values based on the expert’s opinion. Further, the...
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Although it is impossible to predict problems that will occur in software projects, project managers can employ strategies that imbue their projects with greater resilience. Throughout a software project, a series of practices can be established to manage uncertainties. This paper proposes an approach to managing uncertainty in software projects. The approach seems to improve project performance and success. This work is based on the principles of evidence-based software engineering. We conduct ...
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#1Zhaohan Sheng (NU: Nanjing University)
Beginning with the practice of mega infrastructure construction management activities, this chapter proposes certain basic concepts within the system of the theory. The thinking principles and cognitive depth of researchers with respect to management theory are reflected in the concepts they propose and the logic relations among those concepts.
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#1Martin Januska (University of West Bohemia)H-Index: 3
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Sep 8, 2016 in ESEM (Empirical Software Engineering and Measurement)
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Context: In software project management, the decision-making process is a complex set of tasks largely based on human relations and individual knowledge and cultural background. The factors that affect the decisions of the software project managers (SPMs) as well as their potential consequences require attention because project delays and failures might be related to a series of poor decisions. Goals: To understand how SPMs make decisions based on how they interpret their experiences in the work...
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May 14, 2016 in ICSE (International Conference on Software Engineering)
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Context: In software project management, the decision-making process is a complex set of tasks largely based on specific knowledge and individual cultural background, as well as human relations. The factors that affect the decisions of the software project managers (SPMs) and their potential consequences require attention because project delays and failures are usually related to a series of poor decisions. Objective: To understand how SPMs make decisions based on how they interpret their experi...
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Project managers tasked with delivering safety-critical projects must demonstrate care, competence and confidence from the earliest stages of project inception, when levels of uncertainty about the scope, delivery mechanisms and required project outcomes may be ill-defined and even bewildering. This paper builds on work by Saunders et al. (2015), which posited the Uncertainty Kaleidoscope as a framework for conceptualising uncertainty in safety-critical projects. Our contribution here is to 1) r...