Project Decisions: The Art and Science, 2nd Edition

  • 5h 27m
  • Lev Virine, Michael Trumper
  • Berrett-Koehler Publishers
  • 2019

Project management is the art of making the right decisions. To be effective as a project manager, you must know how to make rational choices in project management, what processes can help you to improve these choices, and what tools are available to help you through the decision-making process.

Project Decisions: The Art and Science is an entertaining and easy-to-follow guide to a structured project decision analysis process. This valuable audio presents the basics of cognitive psychology and quantitative analysis methods to help project managers make better decisions. Examples that portray different projects, real-life stories, and popular culture will help listeners acquire the essential knowledge and skills required for effective project decision-making.

Listeners will be able to:

  • Understand psychological pitfalls related to project management
  • Establish a creative business environment in their organization
  • Identify project risks and uncertainties
  • Develop estimates of project time and cost based on an understanding of human psychology
  • Perform basic quantitative and qualitative risk and decision analysis
  • Use event chain methodology in managing projects
  • Communicate the results of decision analysis to decision-makers
  • Review project decisions and perform adaptive project management
  • Establish a project decision analysis process in their organization

Plus - test your own judgment through a quiz that examines your intuition!

In this Book

  • Project Decision Analysis: What is It?
  • “Gut Feel” vs. Decision Analysis: Introduction to the Psychology of Project Decision-Making
  • Understanding the Decision Analysis Process
  • What is Rational Choice? A Brief Introduction to Decision Theory
  • Creativity in Project Management
  • Group Judgment and Decisions
  • Are You Allowed to Make a Decision? Or, About Decision Analysis and Organizational Culture
  • Identifying Problems and Assessing Situations
  • Defining Project Objectives
  • Generating Alternatives and Identifying Risks
  • The Psychology and Politics of Estimating
  • Project Valuation Models
  • Estimating Probabilities
  • Choosing What is Most Important: Sensitivity Analysis and Correlations
  • Decision Trees and the Value of New Information
  • What is Project Risk? Monte Carlo Method
  • “A Series of Unfortunate Events”: Or, Event Chain Methodology
  • The Art of Decision Analysis Reporting
  • Making a Choice with Multiple Objectives
  • Adaptive Project Management
  • Did You Make the Right Choice? Reviewing Project Decisions
  • Conclusion—Does Decision Analysis Provide a Solution?
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