| decision tree project management: Decision Trees for Decision Making John F. Magee, 1964 |
| decision tree project management: Confronting Climate Uncertainty in Water Resources Planning and Project Design Patrick A. Ray, Casey M. Brown, 2015-08-20 Confronting Climate Uncertainty in Water Resources Planning and Project Design describes an approach to facing two fundamental and unavoidable issues brought about by climate change uncertainty in water resources planning and project design. The first is a risk assessment problem. The second relates to risk management. This book provides background on the risks relevant in water systems planning, the different approaches to scenario definition in water system planning, and an introduction to the decision-scaling methodology upon which the decision tree is based. The decision tree is described as a scientifically defensible, repeatable, direct and clear method for demonstrating the robustness of a project to climate change. While applicable to all water resources projects, it allocates effort to projects in a way that is consistent with their potential sensitivity to climate risk. The process was designed to be hierarchical, with different stages or phases of analysis triggered based on the findings of the previous phase. An application example is provided followed by a descriptions of some of the tools available for decision making under uncertainty and methods available for climate risk management. The tool was designed for the World Bank but can be applicable in other scenarios where similar challenges arise. |
| decision tree project management: Quantitative Methods in Project Management John C. Goodpasture, 2003-12-15 Quantitative Methods for the Project Manager is for professional project managers who need to know how to make everyday use of numerical analysis. It combines theory and practices and is designed to be easily applied. |
| decision tree project management: Project Management ToolBox Dragan Z. Milosevic, 2003-06-16 Provides a rare look at the situational framework used in building a project management toolbox. * Includes real-world examples of toolboxes used in a variety of project situations. * Bridges the gap between theoretical and applied project management. |
| decision tree project management: Quantitative Risk Management and Decision Making in Construction Amarjit Singh, 2017 Singh introduces valuable techniques for weighing and evaluating alternatives in decision making with a focus on risk analysis for identifying, quantifying, and mitigating risks associated with construction projects. |
| decision tree project management: Real World Project Management Richard Perrin, 2008-03-31 If you're a project manager, you need this guide to fill in the gaps in the PM canon. The Project Management Institute's Body of Knowledge, fails to fully explain certain PM tools and how they work, among other failures. Real-World Project Management fills in those major gaps with irreverence, wit, and wisdom. For any kind of project you’re managing, this book presents the high-quality tools and tactics you need to succeed. |
| decision tree project management: Decision Analysis in Projects John R. Schuyler, 1996 |
| decision tree project management: Statistics and Probability Theory Michael Havbro Faber, 2012-03-26 This book provides the reader with the basic skills and tools of statistics and probability in the context of engineering modeling and analysis. The emphasis is on the application and the reasoning behind the application of these skills and tools for the purpose of enhancing decision making in engineering. The purpose of the book is to ensure that the reader will acquire the required theoretical basis and technical skills such as to feel comfortable with the theory of basic statistics and probability. Moreover, in this book, as opposed to many standard books on the same subject, the perspective is to focus on the use of the theory for the purpose of engineering model building and decision making. This work is suitable for readers with little or no prior knowledge on the subject of statistics and probability. |
| decision tree project management: Ethnographic Decision Tree Modeling Christina H. Gladwin, 1989-09 Why do people in a certain group behave the way they do? And, more importantly, what specific criteria was used by the group in question? This book presents a method for answering these questions. |
| decision tree project management: Project Management ToolBox Russ J. Martinelli, Dragan Z. Milosevic, 2016-01-05 Boost your performance with improved project management tactics Project Management ToolBox: Tools and Techniques for the Practicing Project Manager, Second Edition offers a succinct explanation of when, where, and how to use project management resources to enhance your work. With updated content that reflects key advances in the project management field, including planning, implementation, control, cost, and scheduling, this revised text offers added material that covers relevant topics, such as agility, change management, governance, reporting, and risk management. This comprehensive resource provides a contemporary set of tools, explaining each tool's purpose and intention, development, customization and variations, and benefits and disadvantages. Additionally, examples, tips, and milestone checks guide you through the application of these tools, helping you practically apply the information you learn. Effective project management can support a company in increasing market share, improving the quality of products, and enhancing customer service. With so many aspects of project management changing as the business world continues to evolve, it is critical that you stay up to date on the latest topics in this field. Explore emerging topics within the world of project management, keeping up to date on the latest, most relevant subject areas Leverage templates, exercises, and PowerPoint presentations to enhance your project management skills Discuss tips, reporting, implementation, documentation, and other essentials of the project management field Consider how project management fits into various industries, including technology, construction, healthcare, and product development Project Management ToolBox: Tools and Techniques for the Practicing Project Manager, Second Edition is an essential resource for experienced project managers and project management students alike. |
| decision tree project management: Project Risk Analysis and Management Guide John Bartlett, 2004 The second edition of the Project Risk Analysis and Management Guide maintains the flavour of the original and the qualities that made the first edition so successful. The new edition includes: The latest practices and approaches to risk management in projects; Coverage of project risk in its broadest sense, as well as individual risk events; The use of risk management to address opportunities (uncertain events with a positive effect on the project's objectives); A comprehensive description of the tools and techniques required; New material on the human factors, organisational issues and the requirements of corporate governance; New chapters on the benefits and also behavioural issues |
| decision tree project management: Project Management Communications Bible William Dow, Bruce Taylor, 2010-06-11 The authoritative reference on one of the most important aspects of managing projects--project communications With shorter production cycles and the demand for projects being faster, cheaper, and better, the need for project communications tools has increased. Written with the project manager, stakeholder, and project team in mind, this resource provides the best practices, tips, tricks, and tools for successful project communications and planning. The featured charts, graphs, and tables are all ready for immediate use. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file. |
| decision tree project management: Risk and Decision Analysis in Projects John R. Schuyler, 2018-08-21 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. |
| decision tree project management: Identifying and Managing Project Risk Tom Kendrick, 2009-02-27 Winner of the Project Management Institute’s David I. Cleland Project Management Literature Award 2010 It’s no wonder that project managers spend so much time focusing their attention on risk identification. Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources. Identifying and Managing Project Risk, now updated and consistent with the very latest Project Management Body of Knowledge (PMBOK)® Guide, takes readers through every phase of a project, showing them how to consider the possible risks involved at every point in the process. Drawing on real-world situations and hundreds of examples, the book outlines proven methods, demonstrating key ideas for project risk planning and showing how to use high-level risk assessment tools. Analyzing aspects such as available resources, project scope, and scheduling, this new edition also explores the growing area of Enterprise Risk Management. Comprehensive and completely up-to-date, this book helps readers determine risk factors thoroughly and decisively...before a project gets derailed. |
| decision tree project management: Project Management Workbook and PMP / CAPM Exam Study Guide Harold Kerzner, Frank P. Saladis, 2017-04-24 Sharpen your project management skills and prepare for the latest PMP®/CAPM® exam The Project Management Workbook and PMP/CAPM Exam Study Guide is a two-in-one resource for mastering the Project Management Body of Knowledge (PMBOK®). As the companion to Project Management: A Systems Approach to Planning, Scheduling, and Controlling, this book provides the opportunity to strengthen your understanding of project management in real-world application, with questions, problems, and cases designed to enhance your critical thinking skills. Functioning as a stand-alone study guide to the Project Management Professional (PMP) Certification Exam, this book helps you develop the critical skills of a successful project manager with questions that show you what to expect on exam day. Interesting, enjoyable, and thought-provoking, this workbook and study guide helps you dig into the PMBOK and gain the professional insights that come only from applying what you've learned. Reading the PMBOK doesn't fully prepare you to pass the PMP exam, let alone function as a project manager in the real world. Understanding how to apply the various methodologies is vital to your success, and this book gives you a wealth of guided practice to hone your skills in advance. Practice applying project management concepts Test your grasp of the PMBOK methodology Preview the PMP with simulated exam questions Enhance your critical thinking and project management skills The project manager's role is broad in scope and detailed in function. Don't try to memorize the PMBOK, internalize it; this approach gives you a ready body of knowledge available for recall as needed, and helps you become a more efficient, more effective project manager. Instinctive knowledge comes from copious practice, and the Project Management Workbook and PMP/CAPM Exam Study Guide is your ideal resource for developing your skills. (PMI, PMBOK, CAPM, PMP, and Project Management Professional are registered marks of the Project Management Institute, Inc.) |
| decision tree project management: Environmental Project Management Ebenezer A. Sholarin, Joseph L. Awange, 2016-04-22 This book offers a new framework that facilitates the development of more intelligent systems and methods for data analysis and international information sharing, such as the use of satellite imaging and geospatial data to predict changes in weather conditions and shifts in water levels, and to assess the extent of the forest cover remaining on Earth that is visible from space. It brings together the many aspects of science and technology, as well as formula and analytical approaches required for more informed decision-making. It also highlights the vital importance of understanding the technological, economic and social dimensions of environmental projects that have short-term results and long-term impacts. It is unique in that it clearly distinguishes between environmental project management (EnvPM) and green project management (GreenPM), and presents an amalgamation of environmental management and project management concepts, using geospatial methods to form an EnvPM concept. The book sets a benchmark for the professionalism with which environmental projects should be planned, executed, monitored, assessed and delivered. While primarily intended for professionals responsible for the management of environmental projects or interested in improving the overall efficiency of such projects, it is also a useful handbook for managers in the private, public and non-for-profit sectors. It is a valuable resource for students at both undergraduate and master’s levels and an indispensable guide for anyone wanting to develop their skills in modern project management, environmental management and geospatial techniques. ``We are the first generation to feel the impact of climate change, and the last generation that can do something about it.'' US President Obama's address to the United Nations on Climate Change and Global warming (2015) hison: This book provides an in-depth, well-researched and science-based approach to applying key project-management and spatial tools and practices in environmental projects. An important read for leaders considering projects that balance social-economic growth against minimising its ill-effects on Planet Earth. - Todd Hutchison, Global Chairman of Peopleistic group. |
| decision tree project management: Project Management for Successful Product Innovation Alan Webb, 2017-07-05 This comprehensive book provides a complete guide to managing projects involving the development of new products. It aims to give the practising project manager an insight into the many processes that are involved in handling one of the most complex of industrial activities. The book is arranged in a logical sequence covering the development of project management, project management structures, aspects of planning, monitoring and control, economics and value management, design management, intellectual property issues and production start-up. Particular emphasis has been given to risk management which is recognized as both a difficult subject and also one of growing importance to today’s project manager, especially in product innovation. A complete explanation is given of the latest and most relevant techniques together with guidance as to where and how they should be applied. Where software tools are available these are named and, in some cases, brief descriptions are included; in all cases contact details of the vendors are provided. |
| decision tree project management: Project Management Concepts, Methods, and Techniques Claude H. Maley, 2012-05-15 In order to succeed in today's increasingly competitive environment, corporations, companies, governments, and nonprofit organizations must be conversant with modern project management techniques. This is especially true for individuals looking to remain professionally competitive.Illustrating the why, what, and how of project management, Project M |
| decision tree project management: Project Management Adedeji B. Badiru, 2019-05-29 The goal of the new edition is to continue with a systems view of the world. For a more robust and worldwide market dissemination, the new edition has changed to a reference book. The project systems approach to project management, is needed in executing projects across countries and across cultures, which is a crucial requirement in today's globalized and intertwined economics. The book uses ample graphical representations to clarify the concepts and techniques presented. The case examples help to reinforce the topics covered. Several illustrative examples and practice exercises are included. Each chapter is updated and new chapters include Project Simulation and Project Templates. A new chapter on managing complex projects in an age of artificial intelligence adds a unique value to the book. Features Highlights contemporary best practices of project management Uses a systems framework to integrate quantitative and qualitative tools Offers illustrative examples and practice exercises Covers project schedule performance appraisal techniques Discusses the knowledge areas contained in the Project Management Book of Knowledge (PMBOK) Presents software applications for project management, as well as case examples |
| decision tree project management: Modern Project Management Techniques for the Environmental Remediation Industry Timothy J. Havranek, 2017-11-01 Environmental remediation has brought significant improvements to industrial sites and surrounding communities throughout the nation. It's also become notorious for high budget overruns and frequent schedule delays, as environmental remediation's technological aspects become subject to political, managerial and economic concerns. Modern Project Management (MPM) Processes offer a new framework for remediation programs, geared to increased efficiency and precise troubleshooting. Environmental consultant and certified project management professional (PMP) Timothy J. Havranek has helped various companies put MPM into practice: now, he brings his techniques to the environmental remediation industry at large. Melding traditional project management structure and advanced strategic planning techniques to the needs of environmental remediation, Modern Project Management Techniques for the Environmental Remediation Industry presents this major innovation: a standardized planning process, applicable to all types of remediation projects. Every participant in an environmental remediation effort can mutually benefit from Modern Project Management Techniques for the Environmental Remediation Industry. Environmental consultants will discover precise budget and schedule-planning skills-quite an advantage in their increasingly competitive industry. Customers will also know what to consider when selecting an environmental services company, and discover advanced methods for reducing project costs and durations. MPM: it's bringing new vitality and purpose to environmental protection. Put it into practice with the benefit of Havranek's real-life experience. |
| decision tree project management: Project Decisions, 2nd Edition Lev Virine, Michael Trumper, 2019-11-05 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. |
| decision tree project management: AI-Driven Project Management Kristian Bainey, 2024-04-02 Accelerate your next project with artificial intelligence and ChatGPT In AI-Driven Project Management: Harnessing the Power of Artificial Intelligence and ChatGPT to Achieve Peak Productivity and Success, veteran IT and project management advisor Kristian Bainey delivers an insightful collection of strategies for automating the administration and management of projects. In the book, the author focuses on four key areas where project leaders can achieve improved results with AI's data-centric capabilities: minimizing surprises, minimizing bias, increasing standards, and accelerating decision making. You'll also find: Primers on the role of AI and ChatGPT in Agile, Hybrid, and Predictive approaches to project management How to accurately forecast a project with ChatGPT Techniques for crafting impactful AI strategy using AI project management principles Perfect for managers, executives, and business leaders everywhere, AI-Driven Project Management is also a must-read for project management professionals, tech professionals and enthusiasts, and anyone else interested in the intersection of artificial intelligence, machine learning, and project management. |
| decision tree project management: The Project Management Answer Book Jeff Furman PMP, 2014-12-01 If it's essential to project management... it's in here! The first edition of The Project Management Answer Book addressed all the key principles of project management that every project manager needs to know. With a new chapter on scrum agile, updates throughout, and many new PMP® test tips, this new edition builds on that solid foundation. The structure of this update maps closely to the PMBOK® Guide, Fifth Edition, and is designed to assist anyone studying for the PMP® and other certification exams. Helpful sections cover: • Networking and social media tips for PMs, including the best professional organizations, virtual groups, and podcast resources • The formulas PMs need to know, plus a template to help certification candidates prepare and self-test for their exams • Quick study sheet for the processes covered on the PMP® exam • Key changes in PMBOK® Guide, Fifth Edition, for readers familiar with earlier versions who want “the skinny” on the new version. PMs at every level will find real gold in the information nuggets provided in this new edition. Those new to project management will find the comprehensive coverage and the depth of the answers especially valuable, and will like the easy-to-read style and Q&A format. For experienced managers looking for new tools and skills to help them pass their PMP® or other certification exams, this is a must-have resource. |
| decision tree project management: Master of Science in Project Management - City of London College of Economics - 10 months - 100% online / self-paced City of London College of Economics, Overview A MScPM (or Master of Science in Project Management) is a degree that will prepare you for a role as (Senior) Project Manager/Director Project Management. Content - Building the action plan: scheduling, estimating and resource allocation - Achieving stakeholder satisfaction through project control - Project risk management - A model for building teamwork - New project development processes - Enterprise project management - Quick tips - Speedy solutions - Cutting-edge ideas - Making good decisions - Ideas and what to do with them - Leadership and trust - What to do when things go wrong - Over 120 new exercises to practice what you’ve learnt Duration 10 months Assessment The assessment will take place on the basis of one assignment at the end of the course. Tell us when you feel ready to take the exam and we’ll send you the assignment questions. Study material The study material will be provided in separate files by email / download link. |
| decision tree project management: PROJECT MANAGEMENT Dr. Sanjay Kumar, Anisha Deshwal, 2024-02-01 Buy PROJECT MANAGEMENT e-Book for BBA 6th Semester Common Minimum Syllabus as per NEP for all UP State Universities By Thakur publication. |
| decision tree project management: Project Management for the Built Environment Low Sui Pheng, 2017-10-27 This book presents the fundamentals of project management as applied in the built environment and more specifically for the construction industry. It presents the project management body of knowledge (PMBOK) using practical examples to show how various project management principles and concepts can be applied in practice. Providing study notes for students and aspiring project management professionals in the construction industry, each of the 13 chapters includes a set of comprehensive revision questions that allow readers to reflect on what they have learned. The book offers an introduction to what project management is all about as well as the project life cycles, stakeholders and organizations involved. It explains the project management processes and how these processes are applied in integration, scope, time, cost, quality, human resource, communications, risk and procurement management. It concludes with ethics and professional conduct in the project management profession. |
| decision tree project management: Mastering Risk and Procurement in Project Management Randal Wilson, 2015 Effective risk management and procurement are crucial to project success. Unfortunately, many managers have spent relatively little time mastering these essential elements of the project management discipline, and many books on the subject treat these issues only lightly, if at all. In Mastering Risk and Procurement in Project Management, expert project manager and seasoned professor Randal Wilson focuses specifically on these essential techniques. Wilson addresses every stage of the project where risk management and procurement are relevant, especially planning, monitoring, and control. Teaching through the use of relevant examples and case studies, Wilson explains why risk management and procurement are so important to project success, illuminates the deep linkages amongst these tasks, shows how to avoid common pitfalls, and introduces best practice methodologies for integrating them throughout your business processes. Drawing on his own extensive experience, he offers in-depth coverage of topics ranging from contracting and risk monitoring to project close-out, and gives readers practical knowledge of critical processes and tasks in project management. |
| decision tree project management: A Comprehensive Guide to Project Management Schedule and Cost Control Randal Wilson, 2014-03-21 Master all the modern project scheduling and cost control techniques you need, in one focused tutorial! Randal Wilson's Project Schedule & Cost Control isn't your typical project management guide: it's 100% focused on the specific principles, techniques, and best-practice methodologies of scheduling and cost control. Wilson illuminates key issues through the extensive use of graphs, charts, case studies, and worked examples; and calls your attention to crucial issues that generic PM books ignore. Coverage includes: Project structures, including differences between projects and programs, and how those differences affect costing and scheduling Initiation: how projects start, how to develop project charters and stakeholder registers, and how to manage stakeholders Planning, in depth: what costs must be addressed, and what schedule constraints must be considered Project schedule analysis: activity definition, WBS, and work packages; activity sequencing and diagramming; proven methodologies for estimating resources and activity durations; and schedule development Project cost analysis: gathering and estimating all project costs, including labor, materials, vendor bids, subcontractors, contracts, equipment, facilities, and direct/indirect costs. Budgeting via top-down, bottom-up, and activity-based methods Project monitoring and control: earned value, tracking Gantt, S-Curves, performance reviews, milestone analysis, change control systems, estimate at completion, forecasting, and much more For both project management newcomers and working project managers who need to sharpen their skills |
| decision tree project management: Project Management Harold Kerzner, 2017-04-03 THE #1 GUIDE FOR STUDENTS AND PROFESSIONALS, NOW UPDATED FOR THE LATEST TRENDS AND EMERGING ISSUES Project Management, or the Project Management bible as it's widely known, provides practical guidance on all aspects of project management. It features a streamlined approach to PM functions without stinting on detailed coverage of the tools and methods used at all stages of a project. This 12th Edition has been updated to reflect industry changes and features in-depth coverage of emerging topics, including global stakeholder management, causes of failure, agile project management, project governance failure, customer approval milestones, classifying project metrics, and more. Also, supplementary materials are available for students, professionals, and instructors. Understand organizational structures and project management functions Learn how to control costs, manage risk, and analyze trade-offs Examine different methods used for planning, scheduling, QA, and more Work effectively with customers and stakeholders from around the globe As projects increase in scope and complexity, managing them across time zones, language barriers, and technology platforms requires a systematic approach that accounts for every detail. All the more reason to keep Project Management, 12th Edition within arm's reach throughout all stages of the projects you manage. |
| decision tree project management: Project Risk Management Yuri Raydugin, 2013-09-10 An easy to implement, practical, and proven risk management methodology for project managers and decision makers Drawing from the author's work with several major and mega capital projects for Royal Dutch Shell, TransCanada Pipelines, TransAlta, Access Pipeline, MEG Energy, and SNC-Lavalin, Project Risk Management: Essential Methods for Project Teams and Decision Makers reveals how to implement a consistent application of risk methods, including probabilistic methods. It is based on proven training materials, models, and tools developed by the author to make risk management plans accessible and easily implemented. Written by an experienced risk management professional Reveals essential risk management methods for project teams and decision makers Packed with training materials, models, and tools for project management professionals Risk Management has been identified as one of the nine content areas for Project Management Professional (PMP®) certification. Yet, it remains an area that can get bogged down in the real world of project management. Practical and clearly written, Project Risk Management: Essential Methods for Project Teams and Decision Makers equips project managers and decision makers with a practical understanding of the basics of risk management as they apply to project management. (PMP and Project Management Professional are registered marks of the Project Management Institute, Inc.) |
| decision tree project management: Presto Sketching Ben Crothers, 2017-10-19 Do you feel like your thoughts, ideas, and plans are being suffocated by a constant onslaught of information? Do you want to get those great ideas out of your head, onto the whiteboard and into everyone else’s heads, but find it hard to start? No matter what level of sketching you think you have, Presto Sketching will help you lift your game in visual thinking and visual communication. In this practical workbook, Ben Crothers provides loads of tips, templates, and exercises that help you develop your visual vocabulary and sketching skills to clearly express and communicate your ideas. Learn techniques like product sketching, storyboarding, journey mapping, and conceptual illustration. Dive into how to use a visual metaphor (with a library of 101 visual metaphors), as well as tips for capturing and sharing your sketches digitally, and developing your own style. Designers, product managers, trainers, and entrepreneurs will learn better ways to explore problems, explain concepts, and come up with well-defined ideas - and have fun doing it. |
| decision tree project management: ProjectThink Lev Virine, Michael Trumper, 2016-04-15 Projects are constantly beset by problems, often caused by seemingly small mistakes which collectively lead to larger issues. Why do project managers and teams appear to repeat the same mistakes? Can they make better choices without introducing complex decision analysis processes? How can they make better estimates? Project management is the art and science of human interactions. ProjectThink identifies and explains the paths of those intentional and unintentional actions that lead to trouble. It provides advice and guidance in analysing information and risk and explains how ’choice-engineering’ can facilitate decision-making and encourage everyone involved in a project to follow the right procedures and work collaboratively. |
| decision tree project management: Project Management for Dummies Nick Graham, 2015-05-05 Manage your projects like a pro Now revised to stay in line with today's unique business challenges and project approaches, Project Management For Dummies, 2nd UK Portable Edition is updated with fresh content, tips, and tactics that cover everything you need to know from a project's start to finish. You'll find out how to make project planning both easier and more effective, manage resources to stay on track and within budget and utilise powerful risk management techniques to keep risks at a minimum during the project. Plus, clear descriptions of who should do what and plain-English explanations of the latest concepts behind best-practice project management techniques make it easy to stay focused and on target throughout the project's life cycle. In today's time-pressured and cost-conscious global business environment, reliable project planning and competent delivery are more important than ever. Luckily, this approachable and on-the-go guide shows you what works and what doesn't, taking the guesswork out of project management and arming with the tools you need to succeed. Includes access to online templates and checklists Shows you how to avoid being part of the 70% project failure statistic Serves as the perfect portable reference to every aspect of project management Covers delivery-focused planning, team motivation techniques, and managing resources Whether you're taking on a project for the first time or a more experienced project manager looking to catch up on the latest thinking and techniques in the field, this fun and accessible guide makes it easy. |
| decision tree project management: Project Management Ted Klastorin, Gary Mitchell, 2020-08-13 Project Management: A Risk-Management Approach prepares students to successfully navigate the many challenges, factors, and situations that project managers face. |
| decision tree project management: Engineering Project Management Neil G. Siegel, 2020-02-18 A hands-on guide for creating a winning engineering project Engineering Project Management is a practical, step-by-step guide to project management for engineers. The author – a successful, long-time practicing engineering project manager – describes the techniques and strategies for creating a successful engineering project. The book introduces engineering projects and their management, and then proceeds stage-by-stage through the engineering life-cycle project, from requirements, implementation, to phase-out. The book offers information for understanding the needs of the end user of a product and other stakeholders associated with a project, and is full of techniques based on real, hands-on management of engineering projects. The book starts by explaining how we perform the actual engineering on projects; the techniques for project management contained in the rest of the book use those engineering methods to create superior management techniques. Every topic – from developing a work-breakdown structure and an effective project plan, to creating credible predictions for schedules and costs, through monitoring the progress of your engineering project – is infused with actual engineering techniques, thereby vastly increasing the effectivity and credibility of those management techniques. The book also teaches you how to draw the right conclusions from numeric data and calculations, avoiding the mistakes that often cause managers to make incorrect decisions. The book also provides valuable insight about what the author calls the social aspects of engineering project management: aligning and motivating people, interacting successfully with your stakeholders, and many other important people-oriented topics. The book ends with a section on ethics in engineering. This important book: Offers a hands-on guide for developing and implementing a project management plan Includes background information, strategies, and techniques on project management designed for engineers Takes an easy-to-understand, step-by-step approach to project management Contains ideas for launching a project, managing large amount of software, and tips for ending a project Structured to support both undergraduate and graduate courses in engineering project management, Engineering Project Management is an essential guide for managing a successful project from the idea phase to the completion of the project. |
| decision tree project management: Project Management Jack R. Meredith, Samuel J. Mantel, Jr., 2011-08-23 As the use of project management to accomplish organisational goals continues to grow, skills related to understanding human behavior, evaluating organisational issues, and using quantitative methods are all necessary for successful project management. Meredith and Mantel have drawn from experiences in the workplace to develop a text that teaches the student how to build skills necessary for selecting, initiating, operating, and controlling all types of projects. |
| decision tree project management: Project Decisions Lev Virine, Michael Trumper, 2007-10 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! |
| decision tree project management: Better Practices of Project Management Based on IPMA competences - 3rd revised edition John Hermarij, 2013-02-18 For trainers free additional material of this book is available. This can be found under the Training Material tab. Log in with your trainer account to access the material. This revised edition is the first text book In English specially developed for training for IPMA-D and IPMA-C exams. In this 3rd edition, the text has been restructured to better align the content with the order of the competence elements in the ICB version 3, divided into Technical competences, Behavioral competences and Contextual competences. For this reason it has been improved as a study book for everyone studying for the IPMA-D and IPMA-C exams. Besides that it is a extremely rich source book for those project managers that have committed themselves to a lifelong professional development. In addition, the book had to be applicable to groups of project managers originating from diverse cultures. For this reason, this is not a book that tells how a Westerner must behave in an Arab or an Asian country, but one that looks at the different subjects covered in the ICB, as seen from diverse cultural standpoints. Each chapter is based on the same structure: Definitions, Introduction, Process Steps, Process steps, Special topics. Text boxes, additional to the main text, give additional explanation to the main text. An elaborate Index of terms allows that this book can be used as the information source to all aspects of project management. |
| decision tree project management: Preparing for the Project Management Professional (PMP) Certification Exam Michael W. Newell, 2002 Annotation Project managers who need the latest and most complete test-preparation materials will find this new edition a life-saver. Covering each competency area tested on the exam, it also explains question structures and offers numerous case studies and other valuable practice tools. An invaluable desk reference as well, the new edition is completely up to date and every chapter has been revised. For project managers preparing to take the Project Management Professional (PMP(R)) Certification Exam, study tools include: all-new practice questions, simulated questions in situational format of the new exam, new chapter and questions on professional responsibility, new material on risk management, and much more. As always, the book is the definitive guide to properly defining, budgeting, assigning, and executing projects of all types and scopes on paper or on the job. |
| decision tree project management: PMP Project Management Professional Exam Study Guide Kim Heldman, Claudia M. Baca, Patti M. Jansen, 2007-07-30 Get the most comprehensive PMP® Exam study package on the market! Prepare for the demanding PMP certification exam with this Deluxe Edition of our PMP: Project Management Professional Exam Study Guide, Fourth Edition. Featuring a bonus workbook with over 200 extra pages of exercises, this edition also includes six practice exams, over two hours of audio on CD to help you review, additional coverage for the CAPM® (Certified Associate in Project Management) exam, and much more. Full coverage of all exam objectives in a systematic approach, so you can be confident you're getting the instruction you need for the exam Bonus workbook section with over 200 pages of exercises to help you master essential charting and diagramming skills Practical hands-on exercises to reinforce critical skills Real-world scenarios that put what you've learned in the context of actual job roles Challenging review questions in each chapter to prepare you for exam day Exam Essentials, a key feature in each chapter that identifies critical areas you must become proficient in before taking the exam A handy tear card that maps every official exam objective to the corresponding chapter in the book, so you can track your exam prep objective by objective On the accompanying CD you'll find: Sybex test engine: Test your knowledge with advanced testing software. Includes all chapter review questions and bonus exams. Electronic flashcards: Reinforce your understanding with flashcards that can run on your PC, Pocket PC, or Palm handheld. Audio instruction: Fine-tune your project management skills with more than two hours of audio instruction from author Kim Heldman. Searchable and printable PDF of the entire book. Now you can study anywhere, any time, and approach the exam with confidence. |
Project Analysis using Decision Trees and Options
BAFI 402: Financial Management I, Fall 2001 A. Gupta Decision Trees This is a presentation of the decisions and possible outcomes, with probabilities, at each stage of a multistage project. • …
Decision Analysis in Projects: Decision Trees - Western …
A decision tree is graphical repre-sentation of EV calculations. The tree consists of decision, chance and terminal modes connected by branches. The dia-gram acts as a blackboard to …
Decision Trees, EMV and Thee - PM World Library
Decision Tree Analysis attempts to take the major risk factors into consideration ⎯ both negative and positive ⎯ into consideration in all options, depicting them in a complex multi-stage …
Four Ways to do Project Analysis Project Analysis / Decision …
What is a Decision Tree? • A Visual Representation of Choices, Consequences, Probabilities, and Opportunities. • A Way of Breaking Down Complicated Situations Down to Easier-to …
Lecture 7 Decision Trees - Department of Computer Science, …
Describe the components of a decision tree. Construct a decision tree given an order of testing the features. Determine the prediction accuracy of a decision tree on a test set. Compute the …
DECISION TREE TECHNIQUE – A USEFUL TOOL FOR THE …
Decision trees provide an effective method of Decision Making because they: ⇒ Clearly lay out the problem so that all options can be challenged; ⇒ Allow us to analyze fully the possible …
The Application of Decision Tree Classification Algorithm on …
In project management, a holistic approach that considers humanistic perspectives, such as risk analysis, ethics, and empathy, is crucial. Ultimately, the output and findings of any system must …
Application of Decision Tree Technique to Analyze …
Decision tree is one of the classification techniques which generates a tree and set of rules, representing the model of different classes, from a given data set. Various algorithms used to …
Decision Tree Analysis for the Risk Averse Organization
This paper summarizes the traditional decision tree analysis based on expected monetary value (EMV) and contrasts that approach to the risk averse organization’s use of expected utility (E(U)).
Project risk management using multiple criteria decision …
William (1995) reviews decision support systems (DSS) for managing project risk covering identification, analysis and response development and risk control. This review demonstrates …
Decision-Making in Project Management - Theseus
This thesis researched how to improve the Decision-making process of a global IT-transformation programme operating in a complex environment with multiple dependencies. The research …
Decision Analysis in Projects: Monte Carlo Simulation
This article presents an alternative calculation technique that offers, in some cases, important advantages over decision tree analysis. Decision tree analysis provides a logical, credible …
Project risk management using multiple criteria decision …
This study proposes an integrated analytical framework for effective management of project risks using combined multiple criteria decision-making technique and decision tree analysis.
THE JOURNAL OF AACE®INTERNATIONAL - Project Risk
Decision trees help organizations choose between alternative courses of action, for instance project management strategies, when the results of such actions are uncertain. The decision …
Capturing the Value of Project Management through Decision …
With this latest Pulse of the Profession® in-depth report, we wanted to better understand the conditions and processes by which decisions, both good and bad, impact the outcomes of …
Use Decision Trees to Make Important Project Decisions1 By …
Decision tree methods can help make decisions when the results are not known with certainty by comparing their expected value or expected utility to the organization. The term “expected …
Decision Making for Project Managers: When to Involve Others
Jun 2, 1993 · As you go through the decision tree, the appropriate decision styles become ap-parent by your answers to the tree ques-tions. It becomes complicated as the tree “spreads its …
Chapter 14 Decision Tree Analysis and Utility Theory - Springer
A decision tree is a method for structuring and sequencing the decisions and their possible consequences. The decisions and events are arranged in the order or se-
DECISION TREES AND INFLUENCE DIAGRAMS - University of …
The main goal of this paper is to describe decision trees and influence diagrams, both of which are formal mathematical techniques for representing and solving one-person decision …
Use Decision Trees to Make Important Project Decisions
Use Decision Trees to Make Important Project Decisions. 1. By David T. Hulett, Ph.D. Introduction A large part of the risk management process involves looking into the future, trying to …
Project Analysis using Decision Trees and Options
BAFI 402: Financial Management I, Fall 2001 A. Gupta Decision Trees This is a presentation of the decisions and possible outcomes, with probabilities, at each stage of a multistage project. • …
Decision Analysis in Projects: Decision Trees - Western …
A decision tree is graphical repre-sentation of EV calculations. The tree consists of decision, chance and terminal modes connected by branches. The dia-gram acts as a blackboard to …
Decision Trees, EMV and Thee - PM World Library
Decision Tree Analysis attempts to take the major risk factors into consideration ⎯ both negative and positive ⎯ into consideration in all options, depicting them in a complex multi-stage …
Four Ways to do Project Analysis Project Analysis / …
What is a Decision Tree? • A Visual Representation of Choices, Consequences, Probabilities, and Opportunities. • A Way of Breaking Down Complicated Situations Down to Easier-to …
Lecture 7 Decision Trees - Department of Computer Science, …
Describe the components of a decision tree. Construct a decision tree given an order of testing the features. Determine the prediction accuracy of a decision tree on a test set. Compute the …
DECISION TREE TECHNIQUE – A USEFUL TOOL FOR THE …
Decision trees provide an effective method of Decision Making because they: ⇒ Clearly lay out the problem so that all options can be challenged; ⇒ Allow us to analyze fully the possible …
The Application of Decision Tree Classification Algorithm on …
In project management, a holistic approach that considers humanistic perspectives, such as risk analysis, ethics, and empathy, is crucial. Ultimately, the output and findings of any system …
Application of Decision Tree Technique to Analyze …
Decision tree is one of the classification techniques which generates a tree and set of rules, representing the model of different classes, from a given data set. Various algorithms used to …
Decision Tree Analysis for the Risk Averse Organization
This paper summarizes the traditional decision tree analysis based on expected monetary value (EMV) and contrasts that approach to the risk averse organization’s use of expected utility (E(U)).
Project risk management using multiple criteria decision …
William (1995) reviews decision support systems (DSS) for managing project risk covering identification, analysis and response development and risk control. This review demonstrates …
Decision-Making in Project Management - Theseus
This thesis researched how to improve the Decision-making process of a global IT-transformation programme operating in a complex environment with multiple dependencies. The research …
Decision Analysis in Projects: Monte Carlo Simulation
This article presents an alternative calculation technique that offers, in some cases, important advantages over decision tree analysis. Decision tree analysis provides a logical, credible …
Project risk management using multiple criteria decision …
This study proposes an integrated analytical framework for effective management of project risks using combined multiple criteria decision-making technique and decision tree analysis.
THE JOURNAL OF AACE®INTERNATIONAL - Project Risk
Decision trees help organizations choose between alternative courses of action, for instance project management strategies, when the results of such actions are uncertain. The decision …
Capturing the Value of Project Management through …
With this latest Pulse of the Profession® in-depth report, we wanted to better understand the conditions and processes by which decisions, both good and bad, impact the outcomes of …
Use Decision Trees to Make Important Project Decisions1 …
Decision tree methods can help make decisions when the results are not known with certainty by comparing their expected value or expected utility to the organization. The term “expected …
Decision Making for Project Managers: When to Involve Others
Jun 2, 1993 · As you go through the decision tree, the appropriate decision styles become ap-parent by your answers to the tree ques-tions. It becomes complicated as the tree “spreads its …
Chapter 14 Decision Tree Analysis and Utility Theory - Springer
A decision tree is a method for structuring and sequencing the decisions and their possible consequences. The decisions and events are arranged in the order or se-
DECISION TREES AND INFLUENCE DIAGRAMS - University of …
The main goal of this paper is to describe decision trees and influence diagrams, both of which are formal mathematical techniques for representing and solving one-person decision …
