Project Decisions, 2nd Edition: The Art and Science, Paperback

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.

Lev Virine has more than thirty years of experience as a structural engineer, software developer, and project manager, working with Fortune 500 companies and government agencies to establish effective decision analysis and risk management processes.

Michael Trumper has worked in the fields of technical communications, marketing, and software development for the past twenty-five years. Over the past twenty years, he has been involved in projects regarding economic valuation and risk and project life cycle modeling.