On Uncertainty, Ambiguity, and Complexity in Project Management

• Main Authors: PICH, Michael T., LOCH, Christoph H., DE MEYER, Arnoud
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2002
• Subjects: Project Management; Uncertainty; Complexity; Instructionalism; Project Selection; Ambiguity; Business; Management Sciences and Quantitative Methods; Operations and Supply Chain Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3506; https://ink.library.smu.edu.sg/context/lkcsb_research/article/4506/viewcontent/Uncertainty_20Ambiguity_20and_20Complexity_20in_20PM.pdf
• Institution: Singapore Management University

This article develops a model of a project as a payoff function that depends on the state of the world and the choice of a sequence of actions. A causal mapping, which may be incompletely known by the project team, represents the impact of possible actions on the states of the world. An underlying p...