Making essential choices with scant information: front-end decision-making in major projects
Making essential choices with scant information: front-end decision-making in major projects
The choice of a concept on major projects is often decided early. This is the key decision of the project: more important to long-term success than implementation. But this decision is made when uncertainty is highest. This book describes how to study strategic needs and align the project’s objectives and the anticipated effect of alternative concepts. It discusses the use of qualitative assessments when information is limited. It describes the issues about evaluating judgmental information, and discusses how scant information can help establish a broad overall perspective. Accurate information rapidly becomes outdated, while carefully extracted qualitative information about a project concept can provide reliable decision-input. Techniques are discussed for making quantitative decisions. Finally, the impact on real-world project decisions is considered.
9780230205864
Williams, Terry M.
5ccc81d4-960b-4f0b-8d9e-6e2ba9e64502
Samset, Knut
b4f6f60d-0331-4d8b-9c3a-cbfb79acb5b0
Sunnevåg, Kjell
cac253e5-107d-4994-9cbb-8b43ca0af8d3
26 March 2009
Williams, Terry M.
5ccc81d4-960b-4f0b-8d9e-6e2ba9e64502
Samset, Knut
b4f6f60d-0331-4d8b-9c3a-cbfb79acb5b0
Sunnevåg, Kjell
cac253e5-107d-4994-9cbb-8b43ca0af8d3
Williams, Terry M., Samset, Knut and Sunnevåg, Kjell
(eds.)
(2009)
Making essential choices with scant information: front-end decision-making in major projects
,
Basingstoke, GB.
Palgrave Macmillan, 384pp.
Abstract
The choice of a concept on major projects is often decided early. This is the key decision of the project: more important to long-term success than implementation. But this decision is made when uncertainty is highest. This book describes how to study strategic needs and align the project’s objectives and the anticipated effect of alternative concepts. It discusses the use of qualitative assessments when information is limited. It describes the issues about evaluating judgmental information, and discusses how scant information can help establish a broad overall perspective. Accurate information rapidly becomes outdated, while carefully extracted qualitative information about a project concept can provide reliable decision-input. Techniques are discussed for making quantitative decisions. Finally, the impact on real-world project decisions is considered.
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Published date: 26 March 2009
Identifiers
Local EPrints ID: 63010
URI: http://eprints.soton.ac.uk/id/eprint/63010
ISBN: 9780230205864
PURE UUID: 8b4cd399-3cda-41ed-98c3-355cc5a7f5f0
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Date deposited: 07 Oct 2008
Last modified: 05 Aug 2022 16:38
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Contributors
Editor:
Terry M. Williams
Editor:
Knut Samset
Editor:
Kjell Sunnevåg
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