Decisions by Design

Much too often, projects fail because of a lack of strategic decision-making. This article looks at some of the methods project managers can use to protect their projects from executive whims and cultural trends. In doing so, it discusses decision-making as a strategy for implementing well-scoped projects--those with specific and measurable goals, those with identified and assessed risk--that generate business benefits and realize organizational objectives. It describes a decision-making process called the Strategic Decision Method® (SDM) and outlines the two-phase method for implementing--and the conditions for using--this system, a process which enables users to determine a project's parameters and critical path, define its project profile, identify risks, and choose solutions. It also explains that organizations can use SDM to make operational and technology decisions, to align its mission with its project portfolio, to hire employees, and to develop and manage complex initiatives. Accompanying this articl
registered user content locked

Log in or join PMI to gain access

or Account Registration

Advertisement

Advertisement

Related Content

  • Project Management Journal

    Contingency Release During Project Execution member content locked

    By Ayub, Bilal | Thaheem, Muhammad Jamaluddin | Ullah, Fahim Risk is inherent in construction projects and managed through contingency. Dynamic management of contingency escrow accounts during project execution poses decision-making challenges. Project…

  • Project Management Journal

    Identifying Project Factors that Affect an Investor's Escalation of Commitment in Public-Private Partnership Projects member content locked

    By Liu, Jiaqi | Liu, Jicai | Gao, Ruolan | Gao, Huanzhu Oliver | Li, Yahui The study comprehensively discusses 18 project factors affecting investors' escalation of commitment (EOC) in a public-private partnership (PPP) project. Using factor analysis, five factor groupings…

  • PM Network

    Human Nature member content locked

    By Grgurich, Hayley At a time when creative problem solving can make or break a business, design thinking is fast moving beyond the fringe and squarely into the mainstream. By focusing on the people for which projects…

  • PM Network

    A Journey to Solutions member content locked

    By Espy, Leigh Having the right information at the right time can make or break a project's success. But it's a mistake for project managers to assume this means that they have to have all of the answers at the…

  • PM Network

    Brain Power registered user content locked

    By Parsi, Novid With too much data and not enough talent, it's only a matter of time before organizations jump on artificial intelligence (AI) to turn all of the information they have into better decision making.…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.