Risk-Based Decision Support Techniques for Programs and Projects

Abstract

This article is designed for the project management professional who intends to make risk-based decision making a fundamental, integrating principle of the project's operating processes. It is about making decisions using information that relates possible future outcomes to the risk inherent to decisions made. A project manager needs to make two types of decisions: those that relate to the business aspects of a project and those that relate to the performance aspects of the product. Part 1 details the project-focused tools and techniques and Part 2 details the product-focused tools and techniques. Advanced integrated quantitative techniques and tools that have been proven to have high utility to decision makers are presented.

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Document Details

Document Type
Technical Report
Publication Date
Jan 01, 2003
Accession Number
ADA423518

Entities

People

  • Barney Roberts
  • Clayton Smith
  • David Frost

Organizations

  • Defense Acquisition University

Tags

Communities of Interest

  • Human Systems
  • Materials and Manufacturing Processes
  • Space
  • Weapons Technologies

DTIC Thesaurus Topics

  • Acquisition
  • Computer Programs
  • Cost Reductions
  • Costs
  • Data Analysis
  • Distribution Functions
  • Environment
  • Jet Propulsion
  • Probability
  • Probability Density Functions
  • Probability Distributions
  • Random Variables
  • Reliability
  • Risk
  • Risk Analysis
  • Risk Management
  • Spreadsheet Software

Fields of Study

  • Engineering

Readers

  • Systems Analysis and Design
  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.
  • Technical Research and Report Writing.