Robust Decision Making: better decisions under uncertainty

Abstract

Robust Decision Making (RDM) is a critical aspect of project management that involves making well-informed, confident decisions in the face of uncertainty and ambiguity. This paper will provide a comprehensive review of the current state of the art in RDM in project management, explore the key principles and practices of RDM, including the importance of data gathering and analysis, considering different options, involving stakeholders, anticipating uncertainty, and continuously monitoring and adapting. The paper will also examine the challenges and limitations of RDM in project management, and provide insights into future directions for research in this area. This paper aims to provide project managers with a deeper understanding of the principles and practices of RDM, and to inform future research in this area. By doing so, this paper aims also at contributing to the development of more effective and efficient approaches to project management and decision making.

Big Idea

History

Literature review and State of the Art