Thinking Fast and Slow for Project Management

Novelty, Uncertainty, and Risk

innovation risksIn this paper, by project risk we mean the probability of missing the target date and/or budget. Projects in any domain range in innovation. They can range from simple routine maintenance to adding a feature to an existing system or building to delivering something with an entirely new design. For example, there was a lot of innovation in building out the Sydney Opera House. There is not much innovation is building yet another small strip center…

(Link to PDF here Think Fast and Slow for Project Management)

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