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... documenting the role of intellectual conflict in instruction and decision making. He created the theory behind Constructive Controversy and on the basis of
... books and reviews on how to use constructive controversy in both decision making and for instructional purposes.<ref name=origin />
23 KB (3,592 words) - 11:29, 20 December 2018
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...amination of the dynamics in the CLD, the project managers can use it as a decision tool and be aware of where to place their effort in the complex system to r
...numerous feedback loops have to be considered at the same time to base one decision. In these situations there are too many variables/inputs included in the CL
21 KB (3,443 words) - 12:01, 20 December 2018
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... the general tendency to recognise how stakeholders can influence decision-making processes. This article contains an overview of the importance of managing
...untability and responsibility. Two-way engagement joint learning, decision making and actions.
27 KB (3,921 words) - 12:34, 20 December 2018
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...its underlying practices. A framework that is used for sense- and decision making in a complex and complicated world. <ref name="HBR"/>
...gy management]], [[project management]], [[scientific research]], [[policy making]], [[leadership training]], [[healthcare]] etc. <ref name="Health"/>
21 KB (3,144 words) - 12:36, 20 December 2018
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...OT inventory, will often be a beneficial part of the stakeholder analysis. Making a SWOT analysis of the stakeholders consists of determining the following e
The stakeholder analysis will give a solid foundation for decision making and strategy development. Several elements in the execution process can ben
19 KB (2,833 words) - 11:17, 20 December 2018
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...ubble_chart Bubble Chart] is used as a visual tool to support the decision making in [http://en.wikipedia.org/wiki/Project_portfolio_management Project Portf
...ool as simplistic as the bubble chart can add real support to the decision making in Project Portfolio Management?
16 KB (2,684 words) - 11:35, 20 December 2018
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complexity to the decision that needs to be taken, since the decision-making process becomes less
required would be unmanageable. With only a set of 10 projects, the decision-maker would need
28 KB (4,072 words) - 12:48, 20 December 2018
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... model mapping as a new tool to analyse the use of information in decision-making in integrated water management, Physics and Chemistry of the Earth 30 (p. 3
...the people, groups, or organizations that could impact or be impacted by a decision, activity, or outcome of the project; and analyzing and documenting relevan
15 KB (2,424 words) - 11:11, 20 December 2018
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...rs are used to estimate the risk involved with a specific feature, action, decision, condition etc. The outcome of this computation is a quantified number or p
...te an output which allows the user to gain a better overview and basis for making changes or taking decisions. A risk analysis is often generated for the sak
19 KB (2,957 words) - 11:21, 20 December 2018
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...nagement Project Portfolio Management] (PPM) software to ease the decision-making.
..., 2) failure in the implementation phase, 3) underestimate the role of the decision maker, 4) Intangible objectives and outcomes.
18 KB (2,784 words) - 12:33, 20 December 2018
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...d `merger of equals´ <ref> Grässlin, Jürgen. ''Jürgen Schrempp and the Making of an Auto Dynasty''. New York: McGraw-Hill, 2000, p. 155 </ref> . Becoming
==Integration <ref> Grässlin, Jürgen.''Jürgen Schrempp and the Making of an Auto Dynasty''. New York: McGraw-Hill, 2000, p. 155 </ref> <ref> ''Da
26 KB (3,682 words) - 12:16, 20 December 2018
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...activities and projects which add value desired by the customer, the first decision before starting any project is prioritize the present portfolio. There is n
...ion of the Optimal Portfolio'']). In choosing which projects to fund, the decision maker must have some concrete objectives in mind; in this case the main obj
26 KB (4,088 words) - 12:07, 20 December 2018
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...ng an organisation's strategy. Radical change, on the other hand, involves making a significant change, such as introducing a completely new business strateg
The third and last stage addresses making the change permanent. The objective is to reinforce the new behaviours, ens
24 KB (3,559 words) - 09:39, 9 May 2023
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...r management, which can add to the confusion <ref name=seven>C. G. Cobb. ''Making Sense of Agile Project Management: Balancing Control and Agility''. John Wi
...project control, organisational culture and whether the team is capable of making decisions. It is however the project manager's job to empower the team memb
18 KB (2,884 words) - 14:18, 11 February 2021
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...roblem solving consists of continuous learning, conflict solving, decision-making styles and problem analysis (Hvenegaard 2003).
17 KB (2,606 words) - 11:58, 20 December 2018
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...ised overview of the overall project which also facilitates group-decision making, by providing a better and continuous communication between the involved st
19 KB (2,807 words) - 12:15, 20 December 2018
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The uncertainty surrounding any decision, action or unprecedented occurrence that may negatively affect a project’
Whenever an important decision is made within a project, the risk register is referred to. Whenever someth
19 KB (3,144 words) - 12:17, 20 December 2018
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...everyone knows what a risk is; it is a part of our life. Each step or each decision we make, is full of risks, whether we notice it or not, but when we look at
...Frank Knight define the risk in economic theory as “risk arises when the decision maker can assign probabilities to possible outcomes”. A well-known defini
22 KB (3,501 words) - 11:07, 20 December 2018
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... Berglund, R.L. (1993), “QFD: a critical tool for environmental decision making”, Transactions of the 1993 ASQC Quality Congress, Boston, MA, pp. 593-9.<
...chy_process analytical hierarchy process (AHP)], a multi-criteria decision-making method, into QFD. Combinations of QFD with AHP were used for assisting proj
26 KB (3,905 words) - 12:36, 20 December 2018
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...ning how to practically incorporate this thinking into ones daily decision-making process. This has also served as an inspiration to the thesis of the concre
...us on minimizing risk, which is also a key element in Embracing Failure by making the failures in the beginning of the process so the project isn’t thrown
19 KB (3,084 words) - 12:31, 20 December 2018
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...iansenAndVarnes">Christiansen & Varnes. "From models to practice: decision making at portfolio meetings." Int. J. Qual. Reliab. Manage. 25(1), 87-101 (2008)<
|Politics and negotiation affect project portfolio decision making
23 KB (3,310 words) - 12:41, 20 December 2018
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...specific decision, or that they have not had the chance to be heard in the decision process, they are not always likely to follow their leaders. Another risk i
...nvironment for the volunteers if they take an active part in the decision making concerning the project.
18 KB (2,922 words) - 11:50, 20 December 2018
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4. Suppliers cannot meet demand. The decision to use high quality good, means that changes to increase supply quantities
...low impact, but a frequent occurrence should be mitigated. This is done by making contingency plans, investing in safety equipment and other actions which ca
20 KB (3,201 words) - 11:27, 20 December 2018
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...allenge of the enterprise is that it needs to find a way to be flexible in making and implementing organizational changes and do not lose its competitive edg
...he management program <ref name="REF 12">''Program Management: A Strategic Decision Management Process, Morri, Peter; Pinto, Jeffrey K., 2007, Wiley Guide''</r
16 KB (2,434 words) - 11:10, 20 December 2018
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...’s a fundamental factor and every transportation agency has a policy for making cost estimates. That said most of these policies were developed considering
* Facilitates an effective decision or risk management process
25 KB (3,660 words) - 12:49, 20 December 2018
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*Proposition 1: The higher the level of decision process served by an incident, the richer the medium appropriated, and the
...efined by regular intensive face- to-face meetings devoted to higher level decision processes, complex messages, and relationship building.
26 KB (3,958 words) - 11:13, 20 December 2018
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...''' They are relatively passive stakeholders, but in case of poor decision-making, they can become to an interested party with high power and influence.
* Make a decision on the results of self-assessment
9 KB (1,384 words) - 12:11, 20 December 2018
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...ng. The stakeholder analysis is overall creating groundwork for evolving a decision and conduct strategy of managing the stakeholder. A stakeholder analyses is
...icance in relation to the project. The prioritization generates a decision making ground and a focused strategy for management the stakeholders.
17 KB (2,564 words) - 12:02, 20 December 2018
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...nt Framework'' </ref> Project Portfolio Management is defined as a dynamic decision process, which constantly updates and revises active projects. <ref>'' Coop
...t'' </ref> Resultantly, Project Portfolio Management as a dynamic decision making process includes the collection, identification, categorisation, evaluation
15 KB (2,160 words) - 11:20, 20 December 2018
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...system. While it does not introduce you to the full potential of the sense-making framework, it is well suited to get a first impression and raise interest i
*Draw the communication structure and decision making structure observed during this exercise.
7 KB (1,234 words) - 22:48, 23 November 2014
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# Subordinate everything else to the above decision.
...roject managers estimation of the safety factor. The point the critics are making is that since no absolute task duration estimation effort exist and if such
16 KB (2,526 words) - 12:04, 20 December 2018
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...and judging; how the different group members are taking in information and making decisions. Every person has a certain way of behaviour and utilisation of t
...g and then an examination of the process within teams when they are making decision. This group process is the interaction of individual members of a team diff
29 KB (4,370 words) - 11:25, 20 December 2018
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...manage a project, a portfolio, or are just trying to get a small task like making a grocery list and getting the shopping done in time, the knowledge of if y
... need of making reports which attempt to forecast the further development, making finalsial audits as well as reviews of the project.
23 KB (3,698 words) - 12:06, 20 December 2018
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...wered to make as many decisions as possible. This allows for fast decision-making and keeps up the workflow. However, it requires a high level of trust from
''7. Simplify'' – It is essential to simplify all work and decision processes and consequently avoiding all non-value creating activities. Addi
14 KB (2,353 words) - 11:19, 20 December 2018
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...ake improvements, and it is therefore referred to a bottom-up approach for making changes. Under the guidance of a skilled facilitator, a Kaizen Event can ge
...s are thus mapped in order to understand where to make improvements. When making future improvement it is vital to take the customer requirements into accou
33 KB (5,037 words) - 12:30, 20 December 2018
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... and needs for meetings. They are essential for collaboration and decision making in projects and they revolve around key project management activities such
* decision making
24 KB (3,629 words) - 17:18, 16 November 2018
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...nt to notice that the risk matrix is only used to rank risks, and not as a decision tool itself. How to treat the individual risk the matrix does not answer -
...wner. For instance by outsourcing the activities that the risk is tied to, making contracts with service providers or buying insurance that covers that risk.
29 KB (4,328 words) - 15:34, 16 November 2018
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...igure 3 the project team led by the project manager can make well informed decision on what to include in the project scope. <ref name = "skaufi"> Burek, P. (2
...le components is the key in creating a Work Breakdown Structure, therefore making complex projects more easily manageable. Figure 4 shows the inputs, tools &
21 KB (3,273 words) - 15:36, 16 November 2018
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...rate a possible risk event at some time forward from the point of decision-making."'''''</p>
...e that can form into a ''risk event'' along a project life cycle. When the decision-maker knows the ''risk source'', they have to respond to prevent the ''risk
16 KB (2,443 words) - 16:58, 16 November 2018
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...ilt-in immunity for being over-enthusiastic. They are likely to be slow in making decisions preferring to carefully think things over. Usually they have a hi
to make the right decision. But someone with these strengths may come across to other team members as
22 KB (3,641 words) - 15:29, 16 November 2018
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... a solution. These conflicts often occur and can lead to creative decision making. Due to their normality, they rarely lead to animosity. The approach to thi
If a conflict is in stage two and a project manager chooses to force a decision to stop the conflict, he or she removes the chance of reaping the benefits
26 KB (4,072 words) - 15:30, 16 November 2018
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...e roles, events, artifacts and rules that facilitate the rational decision-making process in order deliver the business values.
...uring the first part of the meeting, the plan of action should be set. The decision about product development with the new functionality is taken during the se
18 KB (2,697 words) - 15:42, 18 December 2018
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...ip, you have to take actions since this kind of situation must not happen. Making this documentation clear and strait enables the project manager to avoid th
...mittees are formulated in a document that is often called Project Progress Decision.
25 KB (4,074 words) - 14:59, 18 December 2018
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...oice with VaR and expected shortfall. In Computational methods in decision-making, economics and finance (pp. 167-183). Springer US</ref>, it is a quite popu
...ing the value of <math>\beta</math>-[[wikipedia:quantile|quantile]] of the decision variables vector at the optimum<ref>Ogryczak, W., and A. Ruszczy´nski (200
29 KB (4,388 words) - 15:22, 18 December 2018
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... ensure a perfect control, coordination and implementation of the project. Making this possible through a close and continuous communication and a high integ
...ss Case should be done by first, as it will act as driver for the decision-making processes<ref name="rev"></ref>.
30 KB (4,935 words) - 15:40, 18 December 2018
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...utcomes of '''Game theory''' leading to development of models and decision making process in management. Going through different scenarios and examples while
'''Game theory''' 's main goal is to help to achieve successful decision making process. In order to achieve these objectives, the situation has to be stud
26 KB (4,278 words) - 15:19, 18 December 2018
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...an be defined as the difference between the information required to make a decision and the available information<ref>[''http://doc.utwente.nl/70238/1/Leus04hi
...t is clear that a manager do not have precise information, especially when making long-term planning as in MPM. But it is possible to determine some paramete
18 KB (2,933 words) - 15:19, 18 December 2018
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Project Portfolio Management is (by definition): ''the art and science of making decisions to manage a set of projects and/or programs to obtain the maximal
...s can be identified and solved (or mitigated) by forehand and the decision-making processes for allocating those in the different projects can be done easily
21 KB (3,127 words) - 15:01, 18 December 2018
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...ll-scale trial/error experiments will give much more value to the decision making, than just a success in the first trial. The rationale behind this idea is
...a practically sense, the term “BIM related tools” should be mentioned, making it possible to present the end user to a trial-error experiment. Conducting
17 KB (2,716 words) - 15:51, 18 December 2018
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...equirements established the need for supplementary targets and objectives, making the programme even more complicated and complex than it was before. All the
ODA came up with the decision of appointing a delivery partner after considering different options. Initi
30 KB (4,537 words) - 15:16, 18 December 2018
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...e to be considered. Most of all the available wind resource influences the decision where the farm ultimately will be erected.
...ey need to be informed, for instance about the next steps of the decision making phase, changes in the project cycle or about current activities which are g
22 KB (3,433 words) - 14:02, 18 December 2018
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...terwards by analyzing and making specifications. To optimize this decision making process the term Building Information Model (BIM) is introduced. A model us
...rough the facility using 3D glasses. The virtual reality avoids bad design decision in the spacing of the facility.
19 KB (3,120 words) - 13:19, 18 December 2018
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...an be defined as the difference between the information required to make a decision and the information available. There are two concepts attached to this<ref>
... management organizations do not have precise information, especially when making long-term planning. But it is possible to determine some parameters from ex
14 KB (2,243 words) - 15:02, 18 December 2018
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...a to design a system with a modular focus lies on the multiple benefits of making available to the customer a variety of choices regarding the final product.
...dularity" put in as the first design requirement. QFD is a visual decision-making tool which is used on the basis of customer satisfaction, in terms of match
38 KB (5,492 words) - 15:21, 18 December 2018
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...onment plays in a company. The latest information technology, and decision making are also included.
39 KB (6,222 words) - 15:41, 18 December 2018
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...cesses and models regarding the product development progress, the decision making process in the frame of portfolio management and also the design for manufa
...stakeholders and retailers are also significant parameters of the decision making and project prioritizing for the portfolio management board. However, these
22 KB (3,430 words) - 15:15, 18 December 2018
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...s: In portfolio management, they can influence for example in the decision-making for the strategic approach by applying correctly the Lean Six Sigma methodo
...DMAIC methodology can be used in many ways. It can be used in the decision-making phase of portfolio management at the strategic level to improve the assessm
23 KB (3,568 words) - 15:21, 18 December 2018
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... France. His works form one of the foundations of scientific approaches to decision support. In 1958, he invented the Metra Potential Method (MPM, for Méthod
...sks as possible. An efficient way to list these previous tasks consists in making a table as illustrated on the '''Table 1''', on the right. Indeed, as first
17 KB (2,871 words) - 15:13, 18 December 2018
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... is always linked to its business justification and it drives the decision making process to ensure the alignment with the business objectives and benefits.
...s are exceeded, they should be reported to the next management layer for a decision on how to proceed. This principle provides an efficient use of senior manag
8 KB (1,269 words) - 13:46, 20 September 2015
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...ain environments requires paying specific attention to weak signals before making any strategic decisions. (Igor. Ansoff & McDonnell, 1990)<ref name="Ansoff,
...cts, the outputs of some specific inputs are interconnected and dependent, making not easy task identify it. Complex systems has many parts interacting at t
15 KB (2,228 words) - 15:10, 18 December 2018
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...es. That created a smooth controlling framework that enabled fast decision-making, which was the core of the game. For instance:
...nd Edvinas, who are responsible for providing the right figures. The final decision is then up to Charles who will conclude this action.
22 KB (3,413 words) - 14:57, 18 December 2018
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...organization can prevent possibly disastrous unexpected events, as well as making a rapid recovery if they do happen. These principles are therefore well sui
...hane, F., Vol. 19, No. 4 (Autumn, 2005), Cognitive Reflection and Decision Making, p. 27. American Economic Association, The Journal of Economic Perspectives
25 KB (4,111 words) - 14:53, 18 December 2018
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...and with minimum risks it should be evaluated critically before the final decision is taken. In large project good choice would be to hire an evaluator outsid
...d systematic way. This helps just not to notice the areas where action and decision is needed but also make better choices in the start. SWOT is popular tool a
17 KB (2,786 words) - 15:50, 18 December 2018
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...oject. Tech Decision Maker, 2008''. [http://www.techrepublic.com/blog/tech-decision-maker/use-gate-reviews-to-validate-that-youre-ready-for-the-next-phase-of-y
...odel can support the decision making process. In model 3 a "Project change decision process" is inserted. The process is described in more detail below.
22 KB (3,572 words) - 15:38, 18 December 2018
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...y is by definition the lack of the information that is available to take a decision at a given time. In Figure 2 it is illustrated the difference between the i
... two different subjectivists in the same situation unless it is an obvious decision.
21 KB (3,422 words) - 15:25, 18 December 2018
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...mpetitors, technology and inaccurate, unavailable or obsolete information. Decision-makers deal with this environment by paying close attention to real-time in
... and combine errors at low levels. HRO’s push decision making down where decision is made on the front line. The authority migrate to the people with the mos
23 KB (3,439 words) - 15:54, 18 December 2018
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...e of certainty about the relationships between cause and effect. Thus, the decision can fall into the following areas of the matrix for further analysis: Simpl
...and effect uncertainty and conflict. These are main properties of decision-making, which appears in the management of an organization including project, prog
13 KB (1,927 words) - 15:35, 18 December 2018
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...clear directions and ensure effective communication to speed up the "sense-making process"<ref name=complexity/>. This article aims to analyse the leadership
... of the Project Management Institute, "Program Governance ensures decision-making and delivery management activities are focused on achieving program goals i
24 KB (3,873 words) - 15:20, 18 December 2018
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... and let our head wander. Our thinking effect our actions and our decision-making.
663 B (114 words) - 00:49, 14 September 2015
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...been a decision based on qualifications can then easily become a political decision. (REFERENCE). Thirdly there could be a tendency of people working in the sa
...minant compared to the cost of a setup like this. One successful and money-making project after the other could very easily make the setup worth it, but it p
17 KB (2,739 words) - 19:05, 28 September 2015
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...on, who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project’. Project stakeholders are ones having
...rimary, secondary, ... causes are then defined in these groups in this way making the overall causal picture. This tool can be used to improve the communicat
19 KB (2,722 words) - 14:58, 18 December 2018
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...t is handled depends on the projects internal and external environment. By making a risk profile the parties involved can manage the risks effectively.
...ganization is willing to take. It will affect the corporation’s decision making and the project itself. The firm´s acceptable risk must be coupled with th
27 KB (4,284 words) - 15:26, 18 December 2018
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... is always linked to its business justification and it drives the decision making process to ensure the alignment with the business objectives and benefits.
...s are exceeded, they should be reported to the next management layer for a decision on how to proceed. This principle provides an efficient use of senior manag
23 KB (3,572 words) - 11:13, 21 September 2015
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# Subordinate everything else to the above decision.
...roject managers estimation of the safety factor. The point the critics are making is that since no absolute task duration estimation effort exist and if such
16 KB (2,522 words) - 14:10, 27 November 2018
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...e process to run smoothly as well as monitoring and reviewing the risk and making sure that the correct actions are taken to ensure that no further risk trea
* Establish a reliable basis for decision making and planning
21 KB (3,034 words) - 15:12, 18 December 2018
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...s very important to consider risk management as a support for the decision-making process[5].
10 KB (1,435 words) - 13:30, 21 September 2015
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...ually they are facilitated by the Scrum master who however has no decision-making authority over them. There are different typologies of meetings according t
20 KB (3,205 words) - 15:13, 18 December 2018
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... is always linked to its business justification and it drives the decision making process to ensure the alignment with the business objectives and benefits.
...s are exceeded, they should be reported to the next management layer for a decision on how to proceed. This principle provides an efficient use of senior manag
27 KB (4,166 words) - 15:42, 18 December 2018
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...technical risk management through the use of FMEA to optimise the decision making process in new product development (NPD).
...e very important to consider risk management as a support for the decision-making process<ref name="Numbernine">A. Segismundo, P.A. Cauchik Miguel , 2008, "F
30 KB (4,526 words) - 15:48, 18 December 2018
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...ce of this, it is of utmost importance to possess financial expertise when making decisions regarding throughput, inventory, and operational expense. <ref na
...int(s) a top priority and rearrange the rest of the system to the previous decision.
11 KB (1,768 words) - 15:49, 18 December 2018
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...right|thumb| Figure 1. Themes where being aware of risks is relevant, thus making risk identification a useful process. ]]
...hink, where a desire for harmony and unity leads to dysfunctional decision making, is a threat to any group process. Groupthink, and other group-related prob
22 KB (3,515 words) - 15:27, 18 December 2018
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The first step in making a risk profile is to document the risks the organization or project is faci
Since there is no accurate way of making a risk profile, it depends on the quality from company to company.
22 KB (3,514 words) - 15:25, 18 December 2018
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Regardless of the decision taken, it will always depend on the implementation, coordination and accept
... also defined as a management strategy to promote change in organizations, making it reaches improvements in projects, processes, products and services for c
20 KB (2,923 words) - 00:05, 29 September 2015
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... leading edge products. Portfolio management for new products is a dynamic decision process wherein the list of active new products and R&D projects is constan
...es are: top-down (strategic buckets); bottom-up (effective gatekeeping and decision criteria) and top-down and bottom-up (strategic check).
16 KB (2,321 words) - 10:02, 22 September 2015
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...been a decision based on qualifications can then easily become a political decision. Thirdly there could be a tendency of people working in the same field with
...minant compared to the cost of a setup like this. One successful and money-making project after the other could very easily make the setup worth it, but it p
19 KB (3,033 words) - 13:30, 20 December 2018
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Regardless of the decision taken, it will always depend on the implementation, coordination and accept
... also defined as a management strategy to promote change in organizations, making it reaches improvements in projects, processes, products and services for c
20 KB (2,929 words) - 15:28, 18 December 2018
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...ed and presented in a diagram for better understanding and easier decision making.
26 KB (4,197 words) - 15:11, 18 December 2018
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Create a direct link by making square brackets ([[ ]]) around the title such as [[Title]]
|[[Multi-criteria decision making (MCDM) for Project selection]]
9 KB (1,149 words) - 16:23, 1 September 2017
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...he scores to make sure that no biased decision can be made. To use AHP the decision has to be formulated into a hierarchy with a goal, certain criteria and som
...tomating many of these decisions by providing the same framework for every decision made. This also goes for larger project organizations, where the tools can
17 KB (2,637 words) - 12:45, 18 December 2018
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* Facilitates decision making and performance improvement
29 KB (4,294 words) - 09:35, 17 May 2019
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...unities <ref name=Igor> Kozin. I.,(2015) ''Course 42172: Risk and decision making''</ref>. Even though risk management is not just avoiding risk or taking on
...the risk events that could occur and sometimes they have to take conscious decision to accept the risk knowing it is very slim changes of that event occurring.
32 KB (5,360 words) - 12:41, 18 December 2018
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... poor quality and coordination. But those are due to a short-term decision-making attitude. The cluster approach that will be explained later resolves some o
... the cluster members should accept a governance agreement for the decision making and communication.
25 KB (3,830 words) - 14:00, 18 December 2018
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...ttp://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/making-brand-portfolios-work.</ref>, and ROCKWOOL<ref name="ROCKWOOL">Bayer, M., M
|Weak decision criteria.
33 KB (4,703 words) - 12:44, 18 December 2018
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...ated with it can often be a huge challenge for project managers, thus, the decision to reduce the project duration should be based on an analysis of the '''tra
...d to address questions such as: <ref name=NETWORK>Chapter on Deterministic Decision Models. (n.d.). Course material in Network Optimization at DTU autumn 2015.
40 KB (6,164 words) - 14:05, 18 December 2018
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...ectation is impossible. The value vs complexity grid supports the decision making process of selecting the requirements to keep and the one to eliminate <ref
29 KB (4,375 words) - 14:04, 18 December 2018
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...ovide an extension to the RCF method in order to mitigate the limitations. Making the reader aware of the cognitive biases inherent in the RCF method, so he
...heir projects. Regarding to Flyvbjerg, they are deliberately deceiving the decision makers, since the projects that look the best on paper will be approved. <r
25 KB (3,837 words) - 13:18, 11 November 2018
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...st ideas come forward. The downside to this leadership style is that every decision takes time, which therefore slows down the project.
...e employees never feels unsure whether they are doing their job right, and making sure the team members can depend on each other within team, and so on.
19 KB (3,044 words) - 13:56, 18 December 2018
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# Thinking/feeling: The rational decision-making (way of judging)
...l pull together a potentially vast amount of interview information without making any judgements about it as they go along. Unlike a J-type, they won’t dis
19 KB (3,013 words) - 12:37, 18 December 2018
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...usage of the '''Johari Window''' to stress out that the effective decision-making and hence the success of the study would not have happened if the members w
36 KB (5,281 words) - 13:10, 18 December 2018
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*CPM identifies the most critical elements in the plan making the managers focusing on the activities that are most constraining on the s
...he complexity increases as the scope of big projects increase. The risk of making a mistake in the calculation of the critical path becomes very high. If pro
36 KB (5,735 words) - 12:44, 18 December 2018
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...s used mostly for reaching consensus among experts, regarding the decision making process. Moreover, as a project manager is crucial to think about the impac
In the decision making process mainly three kind of information are playing a crucial role: knowle
27 KB (4,208 words) - 13:08, 18 December 2018
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...llows the practitioner to structure the project design and handle decision making rationally on the basis of a clear understanding of objectives, the means b
...each assumption one should decide on the course of action by following the decision process outlined in Figure 5.
23 KB (3,641 words) - 12:59, 18 December 2018
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...d in a project, the project manager has to start with a project plan, when making the project plan the manager will break down the structure of the project.
... have to review the results achieved, and it is here the manager makes the decision on whether to take corrective actions or replan the project<ref name=AO />.
18 KB (3,120 words) - 12:59, 18 December 2018
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...agers with a practical level of summarization to enable effective decision making
... price job are likely to be reluctant to disclose how much profit they are making on the job, actual cost to earned value. The profit that the contractor is
34 KB (5,199 words) - 14:10, 18 December 2018
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Valuation methods are critical supporting tools for any decision in Project Portfolio Management, so as to optimize the project portfolio in
...core principle is similar to the principle of financial options: holding a decision which is to be made is equivalent to have an option, which can be valued. T
26 KB (4,014 words) - 14:12, 18 December 2018
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... concept applicable in every project. The concept aims to improve decision-making processes by identifying, assessing and mitigating relevant uncertainties i
...isk evaluation is based on information gathered from the risk analysis and decision criteria, developed and defined during the establishment of context . Moder
24 KB (3,454 words) - 14:52, 16 November 2018
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... it emphasizes the scheduling aspect and alignment of critical milestones, decision points and success criteria definition. Roadmaps in this PMI-context are mo
*'''Improve decision making,''' as consequences are easier to foresee;
29 KB (4,260 words) - 14:04, 18 December 2018
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It is clear how this problem has repercussions on a very great scale, making the company face bigger problems and losses as a result of indifference and
...n instrument for strategic planning in small and medium sized enterprises, Decision Support Systems, Volume 26, Issue 2, Pages 125-135, G. Houben, K. Lenie, K.
25 KB (3,970 words) - 14:01, 18 December 2018
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...he decision makers with a starting point, and argumentation for making the decision.
...ctives many different resource types this can simply not be done without a decision support tool.
20 KB (3,072 words) - 12:45, 18 December 2018
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...knowledge and many uncertainties are dominating. By using the so-called ”Decision Matrix” ''(DM)'', knowledge can be increased and uncertainties can be dec
...evant tool for both '''Programs, Projects and Portfolios''' since decision making, no matter the complexity, is an inevitable factor in all perspectives of a
26 KB (4,151 words) - 13:07, 18 December 2018
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.... Empiricism assumes that knowledge is gained from experience and decision making is made on known knowledge. Therefore, Scrum is an circular and incremental
4 KB (572 words) - 05:53, 13 September 2016
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''Innovation Portfolio Management (IPM)'' can be described as a dynamic decision process concept, in which an array of active innovation projects is constan
... likelihood of a project's duration, and the expected outcomes. A group of decision makers within an organization, led by a Project Management Office director,
38 KB (5,626 words) - 14:08, 18 December 2018
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...c work product contributing to the project. The work being solving issues, making decisions and documenting the outcomes. A typical work session will be with
...ng a deeper understanding and others are meant for specifying and making a decision.<ref name="Rasmussen"/>
21 KB (3,329 words) - 14:03, 18 December 2018
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...mbined with the workload of top-hierarchy positions inside BEST led to the decision to make the mandate of these positions last one year. All department coordi
...he '''feasibility''' of the project are examined in this phase. A decision making team decides upon the initiation of the project. If the project is approved
29 KB (4,536 words) - 12:48, 18 December 2018
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...s the ''taken-for-granted'' ''values-in-use'', which is basis for decision-making. They may not be explicit and are not neccessarily congruent with the ''esp
=== Fact Based Decision Making ===
24 KB (3,649 words) - 12:46, 18 December 2018
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...ements that will be used to evaluate the effects of any subsystem or local decision on the goal. When measurements have been defined, the constraint that limit
...traints are like said before, anything that prevents the organization from making progress towards its goal. Constraints can take many forms and are not nece
22 KB (3,454 words) - 12:58, 18 December 2018
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Like decision making and problem solving, so that the team becomes more autonomous. This is an o
By making an extra-work activity or lunch together, so that team members can know eac
23 KB (3,518 words) - 13:00, 13 May 2019
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...heir interpretation and analysis was not always taking into account in the decision process. Furthermore, a lack of communication between the management and th
...ent overview to the quality assurance process. The first was approached by making the HEX team to be in closer contact with daily work advances by having gro
33 KB (5,053 words) - 13:00, 18 December 2018
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...king from primarily be based on financial tools to now base their decision making on not only financial tools but rather a combination of several methods and
...on basis. These methods are often used on individual projects as a Go/Kill decision method.
20 KB (3,186 words) - 13:58, 18 December 2018
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...to survive in short-term business conditions. Shifting from a daily profit-making company into a sustainable company requires a change in perspective, from t
...ere economic, environmental and social goals are aligned and impact on the decision and actions of the organization. <ref name="aa">Kristina Kohl , Becoming a
28 KB (4,202 words) - 12:47, 18 December 2018
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...n be utilized at the first stages of a project and facilitate the decision making process by minimum time and cost. Additionally, the implementation of alter
...tity take-off <br /> Quantity takeoffs in a BIM model contribute to better decision analysis by the project team regarding different alternative solution durin
23 KB (3,411 words) - 13:09, 18 December 2018
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When every decision is captured and put on the wall, the project manager do not have to worry w
...iagrams are easier to change than to make the same decisions verbally, and making sure everyone was paying attention and contributing. When all team members
28 KB (4,649 words) - 09:01, 7 April 2023
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..., interest and attitude <ref name="MS">Ruth Murray-Webster & Peter Simon ''Making Sense of Stakeholder Mapping
...g the World of Project Management,Cited 10.09.2016,\http://iptk.gov.my/doc/Making%20Sense%20of%20Stakeholder%20Mapping.pdf</ref>
19 KB (2,789 words) - 18:54, 8 May 2023
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...e barriers for successful project execution and for the effective decision making.There are three main interdependent constraints for every project; time, co
# Tools & Techniques : Inspection, Group decision making techniques.
28 KB (4,076 words) - 14:09, 18 December 2018
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...nalyze and prioritize risks in terms of most severity and perform decision making in order to treat the risk and finally treat relevant risks in a structured
...k assessment process (shown in figure 1) which “aims to improve decision making process by identifying, assessing and mitigating relevant risks in a struct
19 KB (2,943 words) - 12:36, 18 December 2018
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...ures still occur and many of them can be traced to management and decision-making practices.
*The '''time''' we have to make a decision.
37 KB (5,425 words) - 13:00, 18 December 2018
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...may try to decrease their influence in the project by maybe reducing their decision powers.
...n strategy gives employees a chance to take part in improving the decision making.<ref name=two>John Hayes, 2004; The theory and practice of change managemen
19 KB (3,043 words) - 12:33, 18 December 2018
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... Scrum, assumes that knowledge is gained from experience and that decision-making is based on known knowledge. Therefore, Scrum is a circular and incremental
The '''Product Owner''' is the last decision maker in concerns of the project execution, and it is therefore he or she w
26 KB (4,155 words) - 14:09, 20 December 2018
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...ram is a graphing technique used in project portfolio management to making decision, especially to display balance in new product project portfolios.
...od and will be discussed if actually can give a real help to the decision making in Portfolio Management.
19 KB (3,038 words) - 18:41, 19 September 2016
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BIM, as we know it today, has been 40 years in the making and already in 1975, Charles M. Eastman mentioned in an article from 1975<r
...schedule (e.g. from MS Project or similar compatible scheduling software), making it possible to simulate and manage the time aspect of the project, with the
31 KB (4,891 words) - 14:01, 18 December 2018
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• International Journal of Information Technology and Decision Making with 2 papers from Singapore with “Computer Science” as subject area wi
...and O. S. Levine, “Using social network analysis to examine the decision-making process on new vaccine introduction in Nigeria,” Health Policy and Planni
35 KB (4,877 words) - 12:34, 18 December 2018
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...''' is a graphing technique used in project portfolio management to making decision, especially to display balance in new product project portfolios.
...d then will be discussed if actually can give a real help to the decision making in portfolio Management.
23 KB (3,608 words) - 13:07, 18 December 2018
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...instorm investigating all stakeholders who are potentially affected by any decision throughout the project. Stakeholders can be businesses, companies, individu
...is one out of three of the factors, this is known as a latent stakeholder, making them low on the salience scale. If they have 2 attributes, the stakeholders
21 KB (3,160 words) - 15:08, 23 February 2021
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...decades. The classic way of leading people was with a centralized decision-making in a top-to-bottom-approach, where management settled upon a direction, in
...oject should be carried out by the project team members. Here the decision-making authority is very centralized, which is why no input from the additional pr
16 KB (2,504 words) - 12:44, 25 February 2019
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...ts of project, program and portfolio management. It is present in decision making for project integration and complexity, scope management, schedule manageme
...</ref>. The capability to quantify uncertainty and the potential impact in decision context is critical.
31 KB (4,552 words) - 12:36, 3 March 2019
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...roject Risk and Uncertainty : A Constructively Simple Approach to Decision Making / C. Chapman, S. Ward. https://www.researchgate.net/publication/31747699_Ma
...r-decision-making (Cynefin Framework). A Leader’s Framework for Decision Making, Snowden, D. J. et al. 2007 in Harvard Business Review </ref>:
11 KB (1,738 words) - 13:42, 22 February 2019
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Create a direct link by making square brackets ([[ ]]) around the title such as [[Title]]
|[[Earned Value Analysis : A tool for decision-making]]
4 KB (570 words) - 12:27, 8 December 2017
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...006">Ringland, Gill, Young, Laurie, "Scenario in Marketing: From Vision to Decision", 2006, http://onlinelibrary.wiley.com.proxy.findit.dtu.dk/doi/10.1002/9780
...n be discerned. The scenario should be focused on the needs of some issue, decision, strategy or plan. It should be logically structured and consistent. The pr
20 KB (3,095 words) - 12:29, 18 December 2018
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...d before the project starts, allowing an opportunity of the right decision making from the beginning.
... other projects. It is achieved through sharing common project goals, open decision processes and agreeing on dispute resolution principles. First generation p
17 KB (2,572 words) - 09:45, 17 May 2019
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... perspective, which cannot be ensured by individual measures. The decision making and planning should at all times be aimed at the construction as a sustaina
...for construction, renovations and maintenance and using this as a decision-making tool from the earliest stages of the project. Thus, the long-term financial
24 KB (3,587 words) - 12:30, 19 November 2018
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...ssues has been increasingly growing throughout the past couple of decades, making the joint integration of all ISO 9001, ISO 14001 and OHSAS 18001 managemen
...rent terms; environment, biology, geology, economy, etc. And now we see it making its entry in the rather conservative construction industry as well.
27 KB (3,835 words) - 13:35, 19 November 2018
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... level of the uncertainty and the resources required in the time of making decision. According to the Graham M. Winch selection method can be illustrated as fu
The decision making is based on the two interacting dimensions defined as:
12 KB (1,743 words) - 12:33, 19 November 2018
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... best choice for a project, it is often the main contractor who takes this decision<ref name="WRAP" />. However, all the firms involved often see the benefits.
...section "How to make a CCC"). The project must be of a certain size before making a CCC. Otherwise, it will be too expensive.
18 KB (3,130 words) - 12:37, 19 November 2018
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::*''Paternalistic:'' The leader takes the decision alone, but takes pains to explain
...tative:'' The leader discusses the issues with the led prior to taking the decision
17 KB (2,641 words) - 12:43, 19 November 2018
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* Evidence-based decision making
26 KB (3,635 words) - 13:30, 19 November 2018
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✓ Ensure timely change control and decision making; dependency identification mechanism.
...ject sponsors must be the ones to secure buy-in from every stakeholder, in making everyone agree on the project characteristics, sometimes negotiating, but a
16 KB (2,561 words) - 17:00, 16 November 2018
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Competitive tendering is a way to form the project coalition by making a set of codified documents that suppliers can make a bid on to offer their
There are different things for the client to consider when making a tender. The first to consider is whether the selection criteria should be
17 KB (2,756 words) - 13:36, 19 November 2018
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====Making a BIM model====
... prior so as to ensure safe working. Working spaces can also be visualised making the areas more clear. The figure on the right hand side, illustrate where c
17 KB (2,581 words) - 19:18, 20 November 2018
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...ill explain risk profiles much more thoroughly, and identify some decision-making criteria’s; risk-neutral, risk averse and risk-seeking. This terms will b
...nd tries to make a plan of how those risks may affect the overall decision-making strategy and how to respond on that effect. It can then be used to reduce t
18 KB (2,897 words) - 19:19, 20 November 2018
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...bined with other scheduling methods facilitates communication and decision making throughout planning and construction phase. The opportunities of 4D plannin
...cture paints a thousand words, 4D tools can significantly enhance decision making as it becomes easier to identify and evaluate the currents situations. The
25 KB (3,674 words) - 19:21, 20 November 2018
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...he design thus resulting in a more robust design i.e. it supports decision making in the early design stages. This means that generative design somehow is a
24 KB (3,639 words) - 19:21, 20 November 2018
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... industry because of its ability to facilitate informed objective decision making and it's flexibility stemming from the time related inputs and outputs.
===Decision-making===
17 KB (2,740 words) - 13:21, 27 November 2018
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...ven by a clear understanding of mutual objectives and cooperative decision making by a number of firms, who are all focused on using feedback to continuously
16 KB (2,368 words) - 19:24, 20 November 2018
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... as he can have information that is critical for effective client decision-making. Opportunistic behaviour from the contractor can cause the client to want t
27 KB (4,200 words) - 19:27, 20 November 2018
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...t present value]</span>, which is one the most common criteria for project decision and selection. Finally, the application of these methods and the considerat
The financial appraisal, which acts as abovementioned, as a decision-making tool for the client-investor, depends, mostly, on:
22 KB (3,435 words) - 19:25, 20 November 2018
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...ker can respond, as the probability of a future event is a property of the decision maker. As risks are from definition deviation from expected value, positive
...r judgement and it is important to understand them to make a well informed decision.
19 KB (3,032 words) - 19:27, 20 November 2018
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*Decision-maker – making those decisions required to push the project through the life cycle;
16 KB (2,321 words) - 19:27, 20 November 2018
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...tate can be assigned. In such cases, the problem is classified as decision making under risk.
...so reffered to as the Bayesian principle. This is the only one of the four decision methods that incorporates the probabilities of the states of nature.
21 KB (3,308 words) - 19:28, 20 November 2018
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... influence B’s choice is his communication, but B can still make his own decision.
In the third dimension A has total power on B’s decision, this way of communication is certain used when the trust between A and B a
12 KB (2,101 words) - 19:28, 20 November 2018
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|Decision making skills (no content)
|Decision tree (no content)
25 KB (2,790 words) - 09:49, 13 August 2017
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...sment of the identified risks. Therefore, [[Risk management]] and decision-making tools go hand-in-hand throughout the whole project.
In this article different methodology of risk assessment and decision-making will be described according to recent literature regarding risk assessment
24 KB (3,670 words) - 19:20, 20 November 2018
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... business objectives. Project Portfolio Management is defined as a dynamic decision process, which constantly updates and revises active projects.
* [[AHP as a Decision Making Tool in Projects, Programs and Portfolios]]
3 KB (375 words) - 21:32, 20 November 2018
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...ani, K., M. T. Taghavifard, and R. Tavakkoli Moghaddam (2014). “Decision Making Under Uncertain and Risky Situations.” (22-06-2017)</ref>.
...e="Barros"> R.C. Barros, A. de Carvalho, A.A. Freitas, Automatic Design of Decision-Tree
35 KB (5,280 words) - 09:51, 13 July 2017
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* [[Decision-making skills in project management]]
|[[Decision Tree]]
15 KB (1,817 words) - 08:38, 9 August 2022
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...nagers to construct a goal hierarchy which can align and optimise decision making in the organization, as well as help to communicate the all so important WH
...ost importance to great business success. He writes; ''“WHY is not about making money. That’s a result. WHY is a purpose, cause or belief. It’s the ver
17 KB (2,780 words) - 20:43, 4 March 2019
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...ible. It can be really encouraging for the team to participate in decision making and planning when working on the project.
...in the 1950s by U.S. president Dwight Eisenhower. The matrix is a decision making tool which Xebrio calls the key to productivity (efficiency and effectivene
25 KB (3,796 words) - 10:30, 7 September 2021
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...t visible:''' There is a tendency that project managers and other decision making people get fired when huge problems occur. Except for incompetence or misbe
...anization levels. The message is that companies have to hand over decision making to project managers at lower levels and go for less internal steps, reviewi
8 KB (1,329 words) - 11:48, 3 August 2017
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|rowspan="2"|Decision meeting
|rowspan="2"|Making decisions based on submitted/presented material
2 KB (283 words) - 09:49, 10 August 2017
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...systems managers use to involve themselves regularly and personally in the decision activities of subordinates." <ref name="Simons">Simons, R. ''Levers of Cont
...perly communicated to employees by the end of this phase since the cost of making changes in the following phases is severely increased.
18 KB (2,592 words) - 09:30, 17 May 2019
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...f their projects. Regarding Flyvbjerg, they are deliberately deceiving the decision-makers, since the projects that look the best on paper will be approved. On
...other biases to limit the effects. This bias is particularly important for decision-makers creating health or safety products, where the dangers of being overl
27 KB (4,257 words) - 14:00, 16 February 2020
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Create a direct link by making square brackets ([[ ]]) around the title such as [[Title]]
|[[Decision Tree]]
6 KB (763 words) - 21:24, 2 October 2017
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Each gate decision should be a ''objective process''; anybody in the organization should come
...ate meeting'' the gatekeepers meet to discuss the future of a project. The decision they make is objective; in other words, it is fully based on the ability of
30 KB (4,297 words) - 09:27, 17 May 2019
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... that have been identified and developing the data that will be needed for making decisions as to what should be done about them [http://pmtips.net/blog-new/
...ning decision making, in spreading impact of large number of risks, and in decision tree analysis. Whereas, drawbacks of using this technique are that this te
21 KB (3,113 words) - 19:52, 22 September 2017
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...eduled dates; and simulates the effects of options for decision — before decision” [5]
...ent. The slack can be calculated from the duration of the critical path by making the difference between the non-critical and the critical one (Fig. 6 and Fi
14 KB (2,198 words) - 18:26, 17 November 2018
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[[File:DT.png|270px|right|thumb|Figure 1. Decision/event tree for prior decision analysis.<ref name="SPT" />]]
...tion for the treatment of each risk and to establish an overview is the '''decision tree'''. <br>
24 KB (3,507 words) - 19:00, 17 November 2018
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...ontrol. This is most likely to be done by the top management or a decision-making team. When evaluating the deliverables they can either decide if the projec
...concepts such as making the process LEAN, as well as agile development and making the process more adaptable for open innovation <ref name="Cooper"/><ref nam
18 KB (2,797 words) - 18:44, 17 November 2018
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...rammes, or portfolios, scenario planning aids preparing the best strategy, making contingency plans or even just reflect on how the environment will look in
[[File:Scenario.png|thumb|upright=3.0|Figure 1 - Disciplines making up scenarios<ref name="amer"/>]]
24 KB (3,614 words) - 18:41, 17 November 2018
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... to achieve those objectives, monitor and learn from the progress they are making and reflect this learning back into their work. In other words, it will hel
...le problems, where usually there is a hierarchy and a well define decision-making structure, to complex problems. In these, the responsibilities, skills, and
20 KB (3,234 words) - 18:22, 17 November 2018
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...class="plainlinks">[https://en.wikipedia.org/wiki/Decision-making decision making]</span> under critical uncertain circumstances. According to Pierre Wack "
...his scenarios, he facilitated the managers of the company to imagine their decision in case each of these scenarios was taken place <ref name="adv"></ref>. Whe
25 KB (3,832 words) - 13:02, 23 November 2018
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...e, the purpose of performance reporting is to prove how different decision making process and practices led to failure or success. This insight should then b
21 KB (3,096 words) - 09:23, 30 September 2017
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...nknown. This personality always keeps his options open and has a hard time making decisions. They always want more knowledge so they can better adapt to any
...f the different personality qualities within the group and based on this a decision process forms. See the figure below.
31 KB (4,865 words) - 19:04, 17 November 2018
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...roject scope is on the other hand the work a pizza requires. This could be making the dough, preparing the toppings, baking the pizza and so on.
The pizza guy now decides to try out a new and more effective method while making your pizza: putting the pizza in the oven before applying the toppings. Thi
16 KB (2,718 words) - 15:41, 21 December 2018
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...roject from idea-to-launch in a structured way, including several decision-making points, so called gates, where senior management is involved to take decisi
...a project/ new product development and the gates are points in time when a decision has to be made about the future of the project.
31 KB (4,877 words) - 18:47, 17 November 2018
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#Making Monthly KPI (key performance indicators) reporting
...quipment with appropriate capabilities. In both of the cases any equipment decision may involve economic analysis and extra cost.
19 KB (2,951 words) - 09:30, 17 May 2019
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...res emotianl aspects and any other issues that may affect the way that the decision is implemented. On the other hand, intuition is more like a magical "sense"
...aking any kind of decision. Thus, there has been defined a set of decision-making skills which will help groups or individuals to choose the best possible al
20 KB (3,027 words) - 19:40, 2 October 2017
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*Decision-making
...clarify how to make decisions, letting group members take part in decision-making when applicable, working for long-term collaboration, adjust own behavior a
20 KB (2,979 words) - 18:52, 17 November 2018
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...s characterized as a method for structuring a group communication process, making it more effective under the premise of a group of judgments is more valid t
...zations and companies use it when they want to tackle significant decision-making that will set the future guidelines. The results of this analysis have dire
22 KB (3,111 words) - 15:01, 16 November 2018
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The aim of the cooperative form of participation is to influence the decision-making of political institutions of the executive and legislative branches. It can
...dures of approval. The focus should be to ensure participation in decision-making process before the formal participation procedure. [4]
21 KB (3,050 words) - 18:49, 17 November 2018
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...:''' Developing a scope statement that sets the course for future decision making
...ject time and budget is adequately addressed. The output of this step is a decision on approving or rejecting the change request. In the case of rejection or d
20 KB (3,134 words) - 18:51, 17 November 2018
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...logy, their pros and cons, and examples of use, in order to facilitate the decision whether Agile or Waterfall is more suitable for the next project.
...functional aspects. The collected measures of performance are used for the decision whether the system is ready for the release. In order to ensure that the ou
17 KB (2,562 words) - 18:41, 17 November 2018
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...ich by analysis gives the stakeholders possibilities of making a qualified decision, when taking action towards enhancing opportunities and minimizing risks. W
...the key to provide stakeholders with information usable for early decision making, with the benefit of high return of investment.
47 KB (7,552 words) - 18:54, 17 November 2018
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Then the project manager becomes the decision makers as he will have to analyse and make choices on the obtained informat
The decision tree is a tool that can aid the project manager to ensure the best outcome
18 KB (2,948 words) - 18:54, 17 November 2018
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...agement team was split into four groups, and spread across Australia. This decision was based on experience, as Carrera had in previous projects of similar siz
...t mean that a project manager should always split up a larger team, as the decision can differ based on both the circumstances of the project, as well as the i
15 KB (2,306 words) - 18:55, 17 November 2018
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... that the parties meet their contractual obligations. It involves decision-making and timely flow of information to achieve project goal in conformity with t
... service provider must also be able to achieve their objectives, including making a reasonable margin.<br />
25 KB (3,660 words) - 18:01, 17 November 2018
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4. Decision-making: Follow a method and include each other in decisions<br>
...vity as a strategic tool, and he is a discerning, decisive, and courageous decision maker. His core competencies are that he is visionary, he displays creativi
28 KB (4,271 words) - 19:01, 17 November 2018
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...roject team and the business-customer. The DSDM approach always focuses on making people working more effectively towards achieving their goals. It is an app
...cus on the business priorities and needs, since all the decisions that are making regarding the project are around how to fulfill the business needs and unde
25 KB (4,007 words) - 18:43, 17 November 2018
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According to classical decision theory, risk is generally understood to be the distribution of possible out
... conception of risk tolerance can be expressed by claiming that individual decision-makers are risk averse. However in reality many other circumstances shape a
13 KB (2,048 words) - 09:59, 17 May 2019
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...mphases on value, what is right and what is wrong, while thinking is about making decisions using logics and objective truth. Jung’s theory then states tha
* Decision function
13 KB (2,120 words) - 12:23, 9 November 2018
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[[File:Complex_decision_tree_1.PNG|thumb|right|300px|Figure 1: Complex decision Tree]]
...e to consider, are discussed in the last section of this wiki article. The decision tree is a powerful technique for describing, understaning and analyzing unc
23 KB (3,467 words) - 13:07, 23 November 2018
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...ic direction, goals, tasks, technology, structure, communication, decision making, cooperation and interpersonal relationships, and so forth, which are all d
...r and responsibilities and the appropriate ways of resolving conflicts and making decisions.
18 KB (2,682 words) - 09:22, 17 May 2019
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...r socio-emotional, and trying to put him psychologically into the decision making.
...unication, the leader and the follower contribute together in the decision making. The follower is capable to deliver successfully the given task.
17 KB (2,460 words) - 18:52, 17 November 2018
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...oject managers and retail workers, further develop the quality of decision-making, improving communication and stimulating new solutions.<ref>Goldratt's Mark
...anufacturing. Unlike other articles, this one’s main focus is that of ‘making money,’ and it outlines specific ways in which this can be achieved. </re
24 KB (3,740 words) - 19:10, 17 November 2018
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... that have been identified and developing the data that will be needed for making decisions as to what should be done about them" [http://pmtips.net/blog-new
... guided through the risk process then it becomes easier to take a rational decision. Present decisions may result in future losses or gains. If there is no ris
32 KB (4,716 words) - 13:15, 23 November 2018
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...ng, What is Decision-Making?. ''https://www.skillsyouneed.com/ips/decision-making.html''</ref>
...aking any kind of decision. Thus, there has been defined a set of decision-making skills which will help groups or individuals to choose the best possible al
27 KB (4,228 words) - 18:47, 17 November 2018
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...e most important benefit is that the information produced support decision-making, and reduce project uncertainty. In some cases, quantitative methods are no
[[File:EMV.JPG|500px|thumb|right|Figure 2: Decision Tree diagram for EMV, <ref name=" PMI" /> (click for a clearer picture)]]
30 KB (4,345 words) - 14:57, 16 November 2018
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...e resources to complete the work in time, the organization will make a buy decision. In this case, the company can decide if lease or purchase the assets.
...sed later in the negotiation phase and should not be considered for buying decision. The quotation provided at RFI level will not necessary reflect the final o
21 KB (3,258 words) - 10:23, 7 January 2019
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...es. This was the first time where they would look at the entire process of making a product, not just the production in itself. The management and the servic
...ortant to utilize the benefits of QC. Identifying the potential issues and making a strategy is one of the first steps in QC. There are different tools to us
20 KB (3,205 words) - 18:21, 17 November 2018
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...ofit is too low, there is a high chance for the bidder to go bankrupt. The decision on the tender price apart from cost project estimation and profit relies on
29 KB (4,381 words) - 19:30, 20 November 2018
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...In this path there is some factors lead us to produce great products. '''''Making Changes''''' is one of the most important and valuable factors to achieve t
Decision making in '''''Agile approaches''''', are based on an '''''empirical control metho
21 KB (3,243 words) - 15:17, 16 November 2018
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...grams or portfolios, such as: theory of constraint, cognitive and decision making biases, communication theory, project management competencies, critical cha
7 KB (1,051 words) - 19:07, 25 April 2023
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... benefit of having insight in the project and allows for informed decision making <ref name=Lamptey>Lamptey, W. N., & Fayek, A., Developing a Project Status
... the 1980’s <ref name=Few/>. Whereas Krezner argues they have grown from decision support system in the 1970’s <ref name=Kerzner/>. However, both claims th
23 KB (3,628 words) - 19:04, 17 March 2022
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...ected. Therefore, the next steps are important; Organise, analyse and take decision. While there are many tools available to do so, only few will be mentioned
===Decision Matrix Analysis===
21 KB (3,264 words) - 17:01, 16 November 2018
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...ject or program. For instance it can be used during meetings as a decision-making technique, as a planning tool or as an information gathering technique.<ref
...d managing the project work. Project managers are the ones responsible for making sure that these activities match the stakeholder needs and further the proj
21 KB (3,311 words) - 09:53, 4 February 2019
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...gned, the involvement of all team members in project planning and decision making is beneficial.<ref>Page 255, 2013 ed. PMBOK® Guide</ref> The appropriate p
... Executive is the ultimate decision maker and is supported in the decision making by the Senior User and Senior Supplier.''"<ref name="eight">Page 270, 2009
20 KB (2,933 words) - 18:49, 17 November 2018
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...in the construction industry. All of the subjects collaborate and focus on making the construction with each other and the users in mind.<ref>[https://www.tp
...am values of cooperation, trust and sharing in such a manner that decision making is by consensus, involving all perspectives in parallel, from the beginning
22 KB (3,313 words) - 08:59, 11 January 2019
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* Ensure fast reporting and decision making processes
...holders that can provide relevant input, but are not needed for a decision-making process, should be handled in a reference group or individually
23 KB (3,526 words) - 17:41, 16 November 2018
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... transforms an input into one or more outputs. Flowcharts show activities, decision points, branching loops and parallel paths. Flowcharts provide a better und
...hange. Used to understand each side of force and communicate reasoning for making the change.
19 KB (2,905 words) - 17:30, 16 November 2018
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|Provides a logical eye, making impartial judgements where required and weighs up the team’s options in a
...rstand the potential members of a project team. This insight can guide the decision of which members to include in a team in order to make the most balanced te
23 KB (3,609 words) - 17:12, 16 November 2018
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...HY they do it. The question "WHY?" shall not be answered with something as making money, since that is a result of the things that are being done. However by
..., it triggers the part of the human brain that is responsible for decision making and it will thus drive the behavior of the participants of the project. <re
20 KB (3,474 words) - 06:48, 19 March 2022
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...sponsibilities of project participants and define rules and procedures for making decisions in the projects. Secondly, project governance has an oversight an
... provides the project manager and team with structure, processes, decision-making models and tools for managing the project, while supporting and controlling
26 KB (3,691 words) - 17:19, 16 November 2018
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...d time restrictions that all can lead to unintended results. Using a sound decision process is essential to achieving sound results.
....Feb.2018) </ref>. The CBA system supports visual and transparent decision-making with an collaborate and integrating environment that acknowledges that deci
19 KB (2,724 words) - 17:19, 16 November 2018
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*Decision-making, together
...rking, a better way of discussing and solve interactions and a much faster decision process, with a flat organizational hierarchy.
19 KB (3,049 words) - 17:22, 16 November 2018
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...significant solution in problems of operational management and in decision making. Nowadays with the development of the Information Technology is possible fo
...ow to build Models an abstraction of reality that are useful for make good decision, Saxena & Srinivasan (2013) states.
25 KB (3,945 words) - 17:30, 16 November 2018
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...n, the model provided success criteria for evaluating options for decision-making.
26 KB (3,892 words) - 17:04, 19 February 2018
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...riginator. This is followed by selling the idea or project to the decision-making body and obtaining the necessary funding for it<ref name="multiple9">https:
...ion who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project. Stakeholders may be actively involved i
29 KB (4,309 words) - 17:42, 16 November 2018
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...f project governance provides a consistent, robust and repeatable decision-making which offers a structured approach towards assuring businesses to conduct p
...ion who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project."<ref name="PMBOK"/><sup>(p.30)</sup> St
27 KB (3,813 words) - 15:34, 16 November 2018
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...ive mindset has led most of the biggest ventures to set a new approach for making business, on which the competition was replaced by an idea of creating grea
*'''Decision making'''
20 KB (2,990 words) - 17:35, 16 November 2018
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...y responsibilities of Project Manager’s work where human is the decision making factor so it is vital to consider what mechanism drive people and their per
... build mutual trust, high quality of information exchange, better decision making, and effective project management <ref name=''book''> ''Project Management
18 KB (2,935 words) - 17:36, 16 November 2018
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Risks are often connected to a specific decision that can end up with a company or individual losing something of value. Thi
... uncertainties, unknowns refer to conducting a process/project or making a decision in an environment, where values are impossible to predict. Unknowns come in
16 KB (2,524 words) - 17:42, 16 November 2018
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...esses. They help plan the agenda and stir the discussions towards decision-making, but do not provide any content to the discussions themselves, and do not m
===Decision Making Meetings===
25 KB (3,922 words) - 17:42, 16 November 2018
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...the people in the program in a negative way. When first the decision about making a change is taken the next step is to implement the changes. John P. Kotter
...ribe how the program manager implements major change after the decision of making the change has been taken.
22 KB (3,641 words) - 11:51, 28 February 2018
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In the decision-making process, the alternatives should be analyzed against the what has been lear
The decision makers can experience difficulties in evaluating the alternatives in terms
15 KB (2,402 words) - 17:44, 16 November 2018
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...class="plainlinks">[https://en.wikipedia.org/wiki/Decision-making decision-making]</span>) and to resolve performance problems, so they can complete the prog
*Analyzing cases effectively and making sound decisions
25 KB (3,818 words) - 17:45, 16 November 2018
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...mportance, so as the outcomes are reliable and can be used in the decision making process further on. The results of feasibility study help to asses if the p
994 B (163 words) - 20:36, 12 February 2018
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...o asses the likelihood of the success of the project. It supports decision making process (usually before the implementation stage) <ref>Page 401, 2017, Expl
...sibility study may expose the hidden costs, provide arguments for decision making process and inspire the future changes to the projects. It provides valuabl
19 KB (3,094 words) - 17:46, 16 November 2018
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...n-making people, however, can attack these types of settings by the regret decision theory, i.e. instead of maximizing return/value, they minimize regrets <ref
19 KB (2,871 words) - 01:30, 12 March 2019
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...certainty, as uncertainty is the absence of information required to make a decision. In order to manage risk and uncertainty it is important to understand four
...certainty, as uncertainty is the absence of information required to make a decision. Risk in theory could be described as the variation from an expected value,
20 KB (3,103 words) - 17:45, 16 November 2018
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The Future Workshop method is a conceptual tool which is used for decision-making and problem solving, and gives the participants the opportunity to contribu
12 KB (1,931 words) - 17:48, 16 November 2018
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...matter the size of the project, the project management will have to make a decision about how they want to manage one of their important resources, namely the
...ting with the team, being a leader and a mentor, and being responsible for making sure that the team performs optimally. As people make up such a big part of
18 KB (2,980 words) - 17:47, 16 November 2018
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...ecoming increasingly valuable to project managers who are driving decision making based on high-quality data insight. However, if data quality is poor, proje
... the data to support a stakeholder in accomplishing tasks and aid decision-making. Data may be more useful/usable for some stakeholders than others, dependin
27 KB (3,985 words) - 17:14, 16 November 2018
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... throughout the project, refer to the charter during planning and decision-making.
...eir project management process. First of all, the charter will support the decision on whether to go forward with the project or not. Secondly, it will focus o
20 KB (3,120 words) - 17:41, 16 November 2018
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...nning:''' Development of a scope statement that clarifies future decision-making in order to attain the objectives.
...t into a technical recommendation. Another tool is multi-criteria decision-making to [http://apppm.man.dtu.dk/index.php/Analytic_Hierarchy_Process Analytical
26 KB (3,792 words) - 16:45, 16 November 2018
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Decision making and doing it right is one of the largest challenges that organizations have
The Analytic hierarchy process is a multi-criteria decision making (MCDM) method utilized to analyse, solve and prioritize complex decisions,
27 KB (4,094 words) - 17:47, 16 November 2018
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...n, the model provided success criteria for evaluating options for decision-making.
28 KB (4,168 words) - 17:32, 16 November 2018
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... and portfolio management, effective brainstorming and subsequent decision making is a core competency and is essential at all levels of work. When proper br
...udice, personal opinion and tendencies from group discussions and decision making by ensuring that all members give responses and performances based on the p
23 KB (3,484 words) - 17:31, 16 November 2018
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...eading to such a degree will undoubtedly impact on the planning and policy-making of the given scheme in a negative light. By using these forms of informatio
...ented and to fathom what he knew and what he did not of the subject before making any substantial judgements on the issue<ref name="socrates"/>.
23 KB (3,500 words) - 13:22, 11 November 2018
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...gned, the involvement of all team members in project planning and decision making is beneficial."<ref>Page 255, A Guide to the Project Management Body of Kno
... Executive is the ultimate decision maker and is supported in the decision making by the Senior User and Senior Supplier.''" Defined by PRINCE2™ (ed. 2009)
24 KB (3,471 words) - 15:30, 16 November 2018
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...problems should be evaluated and analyzed and considered for the decision making process.
...ct there are some guidances for project managers, which can facilitate the decision between a waterfall and a pull process.
18 KB (2,845 words) - 17:10, 16 November 2018
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...ning part. This process includes the documentation of different purchasing decision, the planned approach, and the beginning of identifying several possible su
...ted to the identified risks which leads to the next input. ''Risk contract decision'' here the parts shall make different contracts including aspects such as i
21 KB (3,480 words) - 15:31, 16 November 2018
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... organizations thereby projects and business processes become more complex making project management more difficult in many cases. Choosing the right approac
...table with a linear life cycle and their boundaries can be clearly defined making the detailed planning easy that can be followed without major changes throu
25 KB (3,713 words) - 17:35, 16 November 2018
