Managing the unknown : a new approach to managing high uncertainty and risk in projects / Christoph H. Loch, Arnoud de Meyer, Michael T. Pich.
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TextPublication details: Hoboken, N.J. : Chichester : John Wiley ; John Wiley [distributor], 2006Description: xii, 292 p. : ill., mapISBN: 9781118276730 (ebook)Subject(s): Project managment | Risk management | Business and Management | Business & Management | Project management | Mechanical engineering & materialsGenre/Form: Online access: Click here to access online Also available in printed form ISBN 9780471693055Summary: The authors present an alternative way of looking at the problem of managing projects in unusual and unknown environments. They stress that a project manager must recognise that a project's unusual circumstances or complexity make conventional planning approaches insufficient. This book covers project risk management (PRM) differently than any other book available. The authors' present a new way of looking at the problem of managing projects in unusual and unknown environments: rather than working harder, straining to consider more possibilities in planning and formal risk management, they stress that a project manager must recognize that a project's unusual circumstances or complexity make planning approaches insufficient. In such cases, project managers must make use of two fundamentally different approaches: learning, or a flexible adjustment of the project approach as one learns more about the project, its environment and their interactions (as opposed to a contingent approach that utilizes planned 'trigger points'), and selectionism, or pursuing multiple approaches independently of one another and then picking the best one.
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Includes bibliographical references (p. 273-283) and index.
The authors present an alternative way of looking at the problem of managing projects in unusual and unknown environments. They stress that a project manager must recognise that a project's unusual circumstances or complexity make conventional planning approaches insufficient. This book covers project risk management (PRM) differently than any other book available. The authors' present a new way of looking at the problem of managing projects in unusual and unknown environments: rather than working harder, straining to consider more possibilities in planning and formal risk management, they stress that a project manager must recognize that a project's unusual circumstances or complexity make planning approaches insufficient. In such cases, project managers must make use of two fundamentally different approaches: learning, or a flexible adjustment of the project approach as one learns more about the project, its environment and their interactions (as opposed to a contingent approach that utilizes planned 'trigger points'), and selectionism, or pursuing multiple approaches independently of one another and then picking the best one.
Also available in printed form ISBN 9780471693055
Electronic reproduction. Askews and Holts. Mode of access: World Wide Web.
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