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Article Decision Making, Risk Management January 2001
PM Network
Using decision models in the real world
By Gump, Alan Choices in the business world are made with the aid of various tools that allow calculations of expected monetary value (EMV). The article discusses the ways that the probability of a risk is…
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Article Decision Making, Risk Management March 1998
PM Network
Risk assessment groups
By Frame, J Davidson A 1994 Standish Group examination of over 8,000 IT projects reported that only 16 percent succeeded within the triple constraint oftime,budget, and specifications while 34 percent of the projects…
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Article Risk Management, Decision Making February 1998
PM Network
Risk analysis
By Troilo, Louis | Lorenz, Carlton | Pascale, Steve Risk analysis is about using an interpretation of past events to inform decisions about the future. This article focuses on computer modeling as the most powerful method for providing detailed…
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Article Complexity, Decision Making, Risk Management, Strategy, Stakeholder Engagement July 1996
PM Network
Complex problem ... simple concepts ... transformed organization
By Fulton, John C. In 1989, the United States Department of Energy's (DOE) Hanford Site in Richland, Washington, began the process of facility shutdown, decommissioning, and site cleanup. In 1994, a 'projectization'…
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Article Risk Management, Decision Making January 1993
PM Network
Decision analysis in projects
By Schuyler, John R. Decision analysis has long helped project managers make critical decisions about project implementation while working under uncertain conditions. This article examines the process of gauging a…
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