Project management professionals are increasingly required to make business decisions under pressure in complex, uncertain and highly dynamic situations. Some decisions expect and allow thorough data gathering and analysis, some are made based on an educated guess or driven by intuition. What drives our choices and judgments? How do we improve the quality of our decisions? How do we influence others’ conclusions?
Through decision making models we do not essentially plan for the risks, but we perform a reality check with what should be the step which shall be taken in response to a particular situation. This situation may account for positive or negative risks and for the risks we can deduce a risk response plan accordingly. Project management thrives on the rationality of decisions and here is where it is important for professionals to have a process which enables project team to decide rationally about different aspects of the project. Rational decision making is required throughout the project life cycle and at each project stage.
EuroMaTech’s Decision Making in Projects training course explores how to use rational decision-making tools to ensure projects deliver valuable outcomes within time and budget constraints. It covers key decisions during project initiation, planning, monitoring and control to solve typical project management problems. It also considers how to manage uncertainty through the use of contemporary risk management techniques.
Participants on EuroMaTech’s Decision Making in Projects training course will develop the following competencies:
- Identify the problem, gather relevant information
- Look out for the constraints and limitations
- Find, analyze all the alternatives and select the best of them
- Implement and establish a control and valuation system