Contents

Preface

Acknowledgments

Chapter 1: Good Decision-Making: The Key to Project Success

Good Decision-Making Begins with a Decision Context

The Three Cornerstones of Decision-Making

Why Projects Fail

A Planned Process for Decision-Making

A General Framework for Making Decisions

Chapter 2: Managerial Decision-Making

Managerial Decisions Defined

Strategic, Operational, and Tactical Decisions

Generic Project Management Decisions

The Importance of Project Management Decisions

Project Management Decisions Contribute to Project Success

A Management Perspective on Failed Projects: Two Case Studies

The Solution—Good-Quality Decisions

Chapter 3: Decisions and the Project Management Life Cycle

The Project Management Life Cycle

Control Gates within the Project ManagementLife Cycle

Stakeholder Decisions in the Project Management Life Cycle

Other Life-Cycle Models

Chapter 4: Overview of Decision-Making

The Basics

Literary Views of Decision-Making

Decision Quality

History of Decision-Making

Approaches to Decision-Making

Decision-Making Methods and Aids

Implementing the Decision

Chapter 5: Project Management Decisions

A Project Management Decision Structure

Decisions for Project Management

Product (Operational) System Decisions

Development (Project Management Organization) System Decisions

Chapter 6: Framing the Decision

The Importance of Decision Frames

A Suggested Frame

Suggested Decision Frame Format for Project Management

Chapter 7: Generating Decision Alternatives

The Problem Definition Process

Searching for Alternatives

Using All Alternatives to Find Additional Alternatives

Determining the Need for More Information and Analysis

Alternatives and Decision Frames— The Cuban Missile Crisis

Chapter 8: Analyzing the Alternatives in Terms of Values and Uncertainty

Qualitative Approaches

Quantitative Approaches

Dealing with Biases and Heuristics

Requirements for Good Decisions

Chapter 9: Handling Risk and Uncertainty

Risk

Project Management Risks

How to Address Risk

Developing a Risk Management Plan

Continuing Risk Management

What Is Uncertainty?

How Do People Address Uncertainty?

Chapter 10: Training Project Managers as Decision Makers

The Elements of Traditional Project Management Training

The Pitfalls of Project Management Training

A Decision Analysis Curriculum

Appendix A: Project Success Case Studies

Appendix B: Project Management Decisions

Appendix C: An Introduction to Decision Trees

References

Additional Reading

Index

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