Project Decisions, 2nd Edition

Art and Science

By: Lev Virine, Michael Trumper

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Paperback | 5 November 2019 | Edition Number 2

At a Glance

Paperback
224 Pages

Edition Type
Revised

Dimensions(cm)
25.2 x 17.9 x 1.9

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Project Decisions: The Art and Science is an entertaining and easy-to-read guide to a structured project decision analysis process.

Project management is the art of making the right decisions. To be effective as a project manager, you must know how to make rational choices in project management, what processes can help you to improve these choices, and what tools are available to help you through the decision-making process.

This valuable text presents the basics of cognitive psychology and quantitative analysis methods to help project managers make better decisions. Examples that portray different projects, real-life stories, and popular culture will help readers acquire the essential knowledge and skills required for effective project decision-making.

Readers will be able to:

Understand psychological pitfalls related to project management

Establish a creative business environment in their organization

Identify project risks and uncertainties

Develop estimates of project time and cost based on an understanding of human psychology

Perform basic quantitative and qualitative risk and decision analysis

Use event chain methodology in managing projects Communicate the results of decision analysis to decision-makers

Review project decisions and perform adaptive project management

Establish a project decision analysis process in their organization PLUS — Test your own judgment through a quiz that examines your intuition!

About the Authors

Lev Virine has more than 20 years of experience as a structural engineer, software developer, and project manager. In the past 10 years he has been involved in a number of major projects performed by Fortune 500 companies and government agencies to establish effective decision analysis and risk management processes as well as to conduct risk analyses of complex projects. Lev is the author of more than 25 scientific papers and patents. He received his doctoral degree in engineering and computer science from Moscow State University.

Michael Trumper has worked in the fields of technical communications, marketing, and software development for the past 16 years. Over the past eight years, he has been involved in projects involving economic valuation and risk and project lifecycle modeling. Michael has authored several papers and articles on project risk management. He holds a bachelor's degree from the University of Victoria and is currently a master's candidate at the University of Liverpool's laureate program.

Industry Reviews

"Project managers working in highly regulated, high-risk industries must make decisions in the presence of growing uncertainty. These decisions directly impact project success, public and worker safety, the environment, and ultimately the success of the company itself. This book is for all project managers who want to strengthen their decision-making abilities to keep their projects on time, on budget, and delivering value by following a decision-analysis process based on real-life experiences, proven methods, and effective risk-management strategies."
--Raimund Laqua, PMP, PEng, founder and Chief Compliance Engineer, Lean Compliance Consulting, Inc.

"Michael and Lev have done a great job of demystifying the complex and complicated process of project decisions. This book is a great resource for any project manager from junior to senior level. It's also a great resource for students of project management!"
--Richard Fossey, BFA, MEd, PMP, President, RFTFGroup.com

"In my thirty years working in the project management profession, I have found Project Decisions: The Art and Science to be essential reading in assessing risk and decision-making for business and organizations. Virine and Trumper make these concepts understandable and provide practical methods that lead one to better decision-making. I recommend it to all my clients, colleagues, and students."
--Nicholas Pisano, President and CEO, SNA Software, LLC

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