Risk and decision analysis in projects, 2nd edition - ISBN:1880410281

Risk and decision analysis in projects, 2nd edition

Date: 14 April 2011, 17:10

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Is there anything more important to the success of a project than making good decisions? This management skill is certainly near the top of the list, yet few of us have had formal training in decision making. Decision analysis is a discipline that helps people choose wisely under conditions of uncertainty. This book introduces risk and decision analysis, with special attention to the decisions in project management. We are seeing increasing interest in probabilistic techniques for all types of evaluations. Shorter business cycles and ever-greater competition are pressuring organizations for better resource management. Furthermore, every day each of us deals with-or at least worries about-risk. Fortunately, we are learning more about value creation and how to work with uncertainty. Recent evaluation and project management software provides help in assessing and managing threats and opportunities.

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