New strategies for managing complex projects
Managing projects in complex environments requires fast decisions that often must be made on the basis of little information. Knowledge about complex systems has arisen from the fields of quantum theory and biology, but certain principles can be applied to project management. The article focuses on three principles of complex systems: 1) meaningful patterns emerge from complex systems only when all the parts of the system interact with the other parts; 2) complex systems evolve from simple rules; and 3) complex systems are best understood from the standpoint of a system's specific complexity. The application of these principles to project management can enable decisions to be made in complex situations when only limited information is available.