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Springer Risk-Based Project Decisions in Situations of High Complexity and Deep Uncertainty

Name: Risk-Based Project Decisions in Situations of High Complexity and Deep Uncertainty
Brand: Springer

Management Science

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This book integrates for readers three areas of knowledge, pertaining to risk-based project decision making: project risk management (PRM), complexity theory, and decision-making under deep uncertainty (DMDU). Readers will appreciate that in practice, too often relevant complexity and uncertainty factors are either ignored or overlooked resulting in epic project failures. The author discusses a variety of methodologies and a decision-tree-type framework to determine why, when and how particular methodologies should be applied to ensure project success. These include nonlinear Monte Carlo techniques, a dynamic adaptive methodology to adapt to external environment changes, game theory for devising robust decision-making criteria, systems dynamics and cost escalation modelling, as well as risk-based & economic-based alternatives selection methodologies. This book will be an eye-opener for many PRM practitioners, helping to increase their chances of project success by properly handling inescapable project-complexity and deep-uncertainty implications in specific contexts.

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Risk Based Project Decisions in Situations of High Complexity and Deep Uncertainty

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Brand: Springer
Format: hardcover
ASIN: 3031569873
Category: Books > Subjects > Business, Finance & Law > Management > Management Science
Domain: Amazon UK
Release Date: 07 June 2024
Listed Since: 17 February 2024

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Springer Risk-Based Project Decisions in Situations of High Complexity and Deep Uncertainty

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