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Project Decisions, 2nd Edition by Lev Virine,Michael Trumper Pdf
This new edition gives project managers practical methods and tools to make the right decisions while juggling multiple objectives, risks and uncertainties, and stakeholders. Project management requires you to navigate a maze of multiple and complex decisions that are an everyday part of the job. To be effective, you must know how to make rational choices with your projects, what processes can help to improve these choices, and what tools are available to help you with decision-making. An entertaining and easy-to-read guide to a structured project decision-making process, Project Decisions will help you identify risks and perform basic quantitative and qualitative risk and decision analyses. Lev Virine and Michael Trumper use their understanding of basic human psychology to show you how to use event chain methodology, establish creative business environments, and estimate project time and costs. Each phase of the process is described in detail, including a review of both its psychological aspects and quantitative methods.
Risk and Decision Analysis in Projects by John R. Schuyler Pdf
Decision analysis (DA) guides executives toward logical, consistent decisions under uncertainty. This book instructs readers in applying DA to feasibility analysis, project estimation, and project risk management.This is a wholly rewritten and expanded successor to the best-selling first and second editions.The entire investment lifecycle is covered, from conception, to the project plan, to the post-project review, and to a look-back analysis of the capital investment decision.DA applies to all manner of project management (PM) decisions for individuals, government, and non-profit organizations. The book uses a business investment perspective and assumes that maximizing value for the project owner is the objective.DA is a problem-solving process. There are four key features: 1) probabilities and probability distributions express best judgments about risks and uncertainties. 2) The organization has a decision policy expressed as a single metric (the objective function). 3) Probabilities and outcome values combine in the probability-weighting expected value calculation. 4) The organization as a policy to choose the best expected value alternative.This book aims to make decision making clear, simple, and logical. A clear decision policy can be elusive, and the author offers suggestions for making trade-offs among conflicting objectives. Converting the three pillars of project management (cost, schedule, and performance) into project value equivalents makes the trade-offs clear.This book is intended for serious PM students and practitioners. This is an essential concepts and how-to book. The scope is quantitative analysis, from project inception to post-project review. Project cost and schedule modeling, in modest detail, is essential to feasibility analysis and risk management. A general background in PM and corporate planning will be helpful. The methods are quantitative and straightforward. The reader should be comfortable with basic algebra and Microsoft(r) Excel(r).The book has eight pages of Suggested Reading annotated references (plus footnote additions), over 250 figures, approximately 600 Glossary definitions, and over 2400 Index entries. Online supplements include several whitepapers and other documents, example calculation spreadsheets, detailed color images of several important figures, four videos (including a critical chain simulation), and the Utility Elicitation Program (a web app, free for most users).Key topics include: Decision trees and Monte Carlo simulation for calculating outcome distributions and expected values * Probability concepts, including Bayes' rule for value of information analysis * Popular probability distribution types and when they apply * Eliciting expert judgments, with attention to potential cognitive and motivational biases * Recognizing the three pillars project in terms of project value * A 10-step decision analysis process * Project modeling concepts and techniques, with special attention to risk drivers and other correlations * Deterministic and stochastic sensitivity analysis * Decision policy that distinguishes objectives, time value, and risk attitude * @RISK(r) with Microsoft(r) Project for project simulations under uncertainty * Logical, consistent risk policy expressed as a utility function * Merge bias when task chains converge at a merge point * Tail estimate bias when estimating highly uncertain quantities * Optimizer's curse, a portfolio forecasting bias * Winner's curse, a bias characteristic of auctions * Using the best of critical chain and Monte Carlo simulation * Stochastic variance between a deterministic and a stochastic model * Modeling risk and uncertainty using probabilities, probability distributions, explicit formula relationships, correlation coefficients, risk drivers, conditional branching, and rework cycles.
Project Decisions, 2nd Edition by Lev Virine,Michael Trumper Pdf
This new edition gives project managers practical methods and tools to make the right decisions while juggling multiple objectives, risks and uncertainties, and stakeholders. Project management requires you to navigate a maze of multiple and complex decisions that are an everyday part of the job. To be effective, you must know how to make rational choices with your projects, what processes can help to improve these choices, and what tools are available to help you with decision-making. An entertaining and easy-to-read guide to a structured project decision-making process, Project Decisions will help you identify risks and perform basic quantitative and qualitative risk and decision analyses. Lev Virine and Michael Trumper use their understanding of basic human psychology to show you how to use event chain methodology, establish creative business environments, and estimate project time and costs. Each phase of the process is described in detail, including a review of both its psychological aspects and quantitative methods.
Project Decisions by Lev Virine and Michael Trumper Pdf
Project management is the art of making the right decisions. To be effective as a project manager, you must know how to make rational choices in project management, what processes can help you to improve these choices, and what tools are available to help you through the decision-making process. Project Decisions: The Art and Science is an entertaining and easy-to-read guide to a structured project decision analysis process. This valuable text presents the basics of cognitive psychology and quantitative analysis methods to help project managers make better decisions. Examples that portray different projects, real-life stories, and popular culture will help readers acquire the essential knowledge and skills required for effective project decision-making. Readers will be able to: -Understand psychological pitfalls related to project management -Establish a creative business environment in their organization -Identify project risks and uncertainties -Develop estimates of project time and cost based on an understanding of human psychology -Perform basic quantitative and qualitative risk and decision analysis -Use event chain methodology in managing projects -Communicate the results of decision analysis to decision-makers -Review project decisions and perform adaptive project management -Establish a project decision analysis process in their organization PLUS - Test your own judgment through a quiz that examines your intuition!
Understanding Project Management, Second Edition by Dave C. Barrett Pdf
In the second edition of Understanding Project Management, skilled expert Dave C. Barrett offers a well-updated, practical real-world guide for current and aspiring project managers. Using concise and approachable language, the second edition features new concept illustrations, a greater consistency with the Project Management Body of Knowledge terminology, and additional case studies in the updated instructor resources. Taking the reader through an ongoing case study from initiation to completion, the text reinforces the importance of managing key aspects of a project, including its scope, quality, schedule, and budget, and explores the less tangible challenges that can often derail a project or lead to its success. This newly updated edition offers authentic project management documents produced alongside the project case study and equips readers with a solid understanding of why specific processes are used, why certain decisions are made, and how pieces of project management fit together. Suitable for any discipline or industry, Understanding Project Management, Second Edition, promises to be an engaging and worthwhile read. FEATURES: - Additional key terms, illustrations, practical examples, and references to the Project Management Body of Knowledge, Sixth Edition - Readers follow an ongoing case study, gaining insight into the thought processes and resulting actions of a project manager, including the creation of project documents - Robust instructor resources include new case studies that can be used for in-class activities and case study extensions of additional situations and problems to discuss with students
Project Management Essentials, Second Edition by Kathryn N. Wells,Timothy J. Kloppenborg Pdf
Project management is a critical skill across a broad range of disciplines. Yet most people, regardless of educational background, have never received training in how to plan, manage, and execute projects. Project Management Essentials, Second Edition, is the go-to book for tried and true project management skills combined with the most current ideas from Agile in a concise, up-to-date, user-friendly format. It follows the project life cycle and provides several ready-to-use templates. Readers can use this book to plan and manage a project from start to finish or as a reference for help with one particular component of project management. Alongside each template is a brief description of what each template is and why it is useful, with an example to illustrate it.
Project Decisions by Lev Virine,Michael Trumper Pdf
Project management is the art of making the right decisions. To be effective as a project manager, you must know how to make rational choices in project management, what processes can help you to improve these choices, and what tools are available to help you through the decision-making process. Project Decisions: The Art and Science is an entertaining and easy-to-read guide to a structured project decision analysis process. This valuable text presents the basics of cognitive psychology and quantitative analysis methods to help project managers make better decisions. Examples that portray different projects, real-life stories, and popular culture will help readers acquire the essential knowledge and skills required for effective project decision-making. Readers will be able to: •Understand psychological pitfalls related to project management •Establish a creative business environment in their organization •Identify project risks and uncertainties •Develop estimates of project time and cost based on an understanding of human psychology •Perform basic quantitative and qualitative risk and decision analysis •Use event chain methodology in managing projects •Communicate the results of decision analysis to decision-makers •Review project decisions and perform adaptive project management •Establish a project decision analysis process in their organization PLUS — Test your own judgment through a quiz that examines your intuition!
To manage projects, you must not only control schedules and costs: you must also manage growing operational uncertainty. Today’s powerful analytics tools and methods can help you do all of this far more successfully. In Project Management Analytics, Harjit Singh shows how to bring greater evidence-based clarity and rationality to all your key decisions throughout the full project lifecycle. Singh identifies the components and characteristics of a good project decision and shows how to improve decisions by using predictive, prescriptive, statistical, and other methods. You’ll learn how to mitigate risks by identifying meaningful historical patterns and trends; optimize allocation and use of scarce resources within project constraints; automate data-driven decision-making processes based on huge data sets; and effectively handle multiple interrelated decision criteria. Singh also helps you integrate analytics into the project management methods you already use, combining today’s best analytical techniques with proven approaches such as PMI PMBOK® and Lean Six Sigma. Project managers can no longer rely on vague impressions or seat-of-the-pants intuition. Fortunately, you don’t have to. With Project Management Analytics, you can use facts, evidence, and knowledge—and get far better results. Achieve efficient, reliable, consistent, and fact-based project decision-making Systematically bring data and objective analysis to key project decisions Avoid “garbage in, garbage out” Properly collect, store, analyze, and interpret your project-related data Optimize multi-criteria decisions in large group environments Use the Analytic Hierarchy Process (AHP) to improve complex real-world decisions Streamline projects the way you streamline other business processes Leverage data-driven Lean Six Sigma to manage projects more effectively
Project Management, 2nd Edition by Bhavesh Patel Pdf
The book discusses all the issues related to Project Management. Strategic considerations, recognition of the human factor and need for administrative set-up are interwoven in this book while developing the main theme of the financial side of project management. New in this Book 1. New chapters titled 'Infrastructure Projects and Project Financing' have been added 2. 'Economic and Social Cost Benefit' and 'Network Analysis and Execution Plan' have been enriched with additional material 3. Components of interest rates has been elaborated and the concepts of cost of capital and required rate of return built on it 4. More examples and real cases and enhanced diagrammatic explanation 5. Chapterization scheme has been revised in the line of phases of project life cycle 6. References, footnotes and web links have been added to give readers access to extra material for further reading Key Features 1. Strategy, human aspect, administrative issues and system approach have been integrated in a single thread without compromising on conceptual clarity and simplicity 2. Use of spreadsheet has been extensively explained in chapters where it is most applicable 3. A continuous case has been built around the theme of each chapter throughout the book
Fundamentals of Project Management for Development Organizations, 2nd Edition by PM4DEV Pdf
The second edition of Fundamentals of Project Management incorporates a new approach to learn the basic elements of project management in the development context. At the end of each chapter we have included a review section designed to go through the important lessons in the chapter, the answers to the questions can be found at the end of the book. The book also features updated graphs and additional diagrams to help readers understand the concepts presented throughout the book. The book provides a simple reference to the modern project management concepts that are required by international development organizations dedicated to assistance and humanitarian relief. Size 6x11
Effective project decision making is recognised as a key feature of successful projects. Ineffective decision making leads to project delay and failure. Project Governance takes readers through the logical steps required for the establishment of a project governance framework for a project or organisation. Starting with problems typical of ineffective project governance, it develops a set of principles designed to overcome these problems and builds a framework based on these principles. This comprehensive guide explains how to populate the framework effectively, provides the accountabilities and responsibilities of the main roles , and describes how to integrate the project governance framework into the organisation. Whether you are a project management practitioner or a student of project management, the lessons learned in this valuable handbook make for essential reading.
Managing Construction Projects by Graham M. Winch Pdf
Project management is of critical importance in construction, yetits execution poses major challenges. In order to keep a project ontrack, decisions often have to be made before all the necessaryinformation is available. Drawing on a wide range of research, Managing ConstructionProjects proposes new ways of thinking about project managementin construction, exploring the skills required to manageuncertainty and offering techniques for thinking about thechallenges involved. The second edition takes the informationprocessing perspective introduced in the first edition and developsit further. In particular, this approach deepens the reader’sunderstanding of the dynamics in the construction project process– from the value proposition inherent in the project mission,to the functioning asset that generates value for its owners andusers. Managing Construction Projects is a unique andindispensible contribution to the available literature onconstruction project management. It will be of particular benefitto advanced students of construction and construction projectmanagement, as well as contractors and quantity surveyors. Reviews of the First edition: "A massive review of the art and science of the management ofprojects that has the great virtue of being a good read wherever itis touched. It spills the dirt on things that went wrong,elucidates the history so you can understand the industry's currentstance, draws on other countries experience and explains the latestmanagement processes. Throughout it is liberally sprinkled withanecdotes and case histories which amply illustrate the dos anddon't for practitioners wishing to deliver projects on time toexpected quality and price. A valuable book for students andpractitioners alike." —John D Findlay, Director, Stent "This is a valuable source for practitioners and students. Itcovers the A-Z of project management in a confident contemporarymanner, and provides a powerful and much needed conceptualperspective in place of a purely prescriptive approach. Theengaging presentation introduces a range of challenges toestablished thinking about project management, often by makingcomparisons between practices in the UK and those of othercountries." —Peter Lansley, Professor of Construction Management,University of Reading "A refreshing and unique study of information management and itsimpact upon international construction project management.... Thebook is well presented and written, logical and succinct and isflexible enough to allow readers to either read from start tofinish or to dip into selected chapters. This book deserves to bean established text for any construction or civil engineering under- and/or postgraduate course." —CNBR, 25th November 2003 "Generous use is made of anecdotes andc case historiesthroughout to support the theory. the book illustrates the mistakesmade by others, and the means to deliver projects on time and tocost." —Building Services Journal, April 2004
The New Project Management by J. Davidson Frame Pdf
Drawing on more than twenty-five years experience consulting andtraining on project management in companies such as NCR, AT&T,and 3M, J. Davidson Frame updates and expands what he introduced inthe first edition of The New Project Management in 1994-a set ofcore competencies for managerial success in a corporate climatewhere downsizing, outsourcing, and employee empowerment are a wayof life. This new edition focuses on the hottest areas in projectmanagement today-augmenting and expanding the existing coverage ofrisk management and estimating, and including three all-newchapters on critical issues that did not even exist in 1994.
