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Making Essential Choices with Scant Information: Front-end Decision Making in Major Projects

This is an in-depth look at how to improve decisions on major projects at the concept stage, when there is scant information available. The book describes how to evaluate judgemental information. It looks at how scant information can actually be a strength, and can help establish a broad overall perspective.

A new look at how projects can be successfully aligned with the desired direction; how sufficient, appropriate and valid information can be gathered at the front-end; how information can be analysed; and finally how decisions can be made.

Each chapter of the book is written by an expert in the field, and each chapter speaks for itself. However, some key themes run throughout the book. These include: the need for alignment between organisational strategy and the project concept; dealing with complexity, in particular the systemicity and interrelatedness within project decisions; consideration of the ambiguity implicit in all major projects; taking into account psychological and political biases within estimation of benefits and costs; consideration of the social geography and politics within decision-making groups; and preparation for the turbulence within the project environment, including the maintenance of strategic alignment.

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	Business/Investing Decision-Making On Mega-Projects: Cost-Benefit Analysis, Planning and Innovation Hugo Priemus, Bent Flyvbjerg, Bert Van Wee “Decision-Making On Mega-Projects: Cost-Benefit Analysis, Planning and Innovation" Edward Elgar Publishing \| 2008-04-08 \| ISBN: 1845427378 \| 342 pages \| PDF \| 1,3 MB
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