From Nobel Prize to Project Management: Getting Risks Right

A major source of risk in project management is inaccurate forecasts of project costs, demand, and other impacts. The paper presents a promising new approach to mitigating such risk based on theories of decision-making under uncertainty, which won the 2002 Nobel Prize in economics. First, the paper...

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Bibliographic Details
Main Author: Flyvbjerg, B
Format: Journal article
Published: John Wiley & Sons, Inc. 2006