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- Managing the Unknown: A New Approach to Managing High Uncertainty and Risk in Projects.
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Managing the Unknown (Loch, DeMeyer, Pich )
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Sign In Register Help Cart. Search Results Results 1 of The value comparison may be even more important than the cost comparison In this section, we first examine the "pure" case of Darwinian selection, where unk unks are revealed in competition among the final project outcomes, the best of which is chosen ex post. The unk unks, as they are revealed, may be important to us, but the project performance landscape is so complex that we cannot easily use this new information to improve the path that we are currently executing. He or she must spot deviations from the plan, solve the underlying problems or have them solved , and expedite the project within the existing framework of the organization.
Managing the Unknown: A New Approach to Managing High Uncertainty and Risk in Projects
This refers to synthesizing information from different sources such as markets, clients, technologies, and processes to create ideas for opportunities and solutions. When unk unks emerge, this role will be required not only at the beginning to create good solutions but repeatedly over the course of the project as new problem solving must be performed out and as multiple design-check-act testing cycles are carried out. Most likely, this role will have to spread over a larger fraction of the project team than in a routine project, where disciplined execution is the main task.
Managing the Unknown offers a new way of looking at the problem of managing projects in novel and unknown environments.
Managing the Unknown : a New Approach to Managing High Uncertainty and Risk in Projects.
All have been in both the private sector and in academia and all are currently involved in teaching project management, strategic management, and technology management. Publication Data Place of Publication.
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