Decision analysis in project management: An overview

• Published in: IEEE transactions on engineering management Vol. EM-32; no. 1; pp. 3 - 9
• Main Authors: Booker, Jane M., Bryson, Maurice C.
• Format: Journal Article
• Language: English
• Published: New York, NY IEEE 01.02.1985; Institute of Electrical and Electronics Engineers; The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
• Subjects: Applied sciences; Bayesian methods; Decision analysis; Decision making; Decision theory; Exact sciences and technology; Expected utility; Fuzzy sets; Game theory; Mathematical model; Mathematical programming; Operational research and scientific management; Operational research. Management science; Optimization; Planning. Forecasting; Portfolios; Project management; Uncertainty; Utility theory; Project; Planning; Decision analysis; Decision theory; Project management; Research and development
• ISSN: 0018-9391; 1558-0040
• DOI: 10.1109/TEM.1985.6447630

Decision theory encompasses or interacts with many different subject-matter fields. For the manager who requires some access to the literature in these diverse areas, this paper provides a broad overview of the subjects and a guide to further reading in decision theory, emphasizing its application to R&D project management. This paper includes very general topical summaries in utility theory, mathematical programming, statistical methods, scoring and ranking methods, and cognitive science together with a list of 96 references. A more complete reference list organized by topic and individually annotated, is available from the authors.