The Future of Economic Decision Making in Project Management

被引：12
|
作者：
Galli, Brian J. [1 ]
机构：
[1] Long Isl Univ, Coll Management, Brookville, NY 11548 USA
来源：
IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT | 2020年 / 67卷 / 02期
关键词：
Economic decision-making; future; project management; risk;
D O I：
10.1109/TEM.2018.2875931
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Project management has become the best way to plan for the future, and its importance in finding appropriate solutions is undoubted. Because of the cost factor of operations, barely any of the projects involve economic decision-making. The complexity in making economic decisions causes some of the projects to make the wrong decisions due to lack of proper information. Financial decision-making involves more than just collecting information and making decisions based on the information. For the formed economic decisions to be viable, a deep analysis of the economy must be done to estimate the future economy. This study focuses on the future trend and the relevance of economic decision-making in project management. It is based on testing the influence of economic decision-making, innovativeness, risk profile, and the size of the management team on the success of a project. The primary theme is to evaluate the level of significance of economic decision-making in project management.
引用
收藏
页码：396 / 413
页数：18
相关论文
共 50 条
  • [21] Quality, Time, and Cost Tradeoffs in Project Management Decision Making
    Liberatore, Matthew J.
    Pollack-Johnson, Bruce
    [J]. PROCEEDINGS OF PICMET 09 - TECHNOLOGY MANAGEMENT IN THE AGE OF FUNDAMENTAL CHANGE, VOLS 1-5, 2009, : 1290 - +
  • [22] Fuzzy Multiple Criteria Decision Making Approach to assess the Project Quality Management in Project
    Chang, Yao-Feng
    Ishii, Hiroaki
    [J]. 17TH INTERNATIONAL CONFERENCE IN KNOWLEDGE BASED AND INTELLIGENT INFORMATION AND ENGINEERING SYSTEMS - KES2013, 2013, 22 : 928 - 936
  • [23] ECONOMIC DECISION MAKING
    KANTZENBACH, E
    [J]. JAHRBUCH FUR SOZIALWISSENSCHAFT, 1968, 19 (02): : 171 - 182
  • [24] POULTRY MEAT PROCESSING: ECONOMIC EFFICIENCY, MANAGEMENT AND DECISION MAKING
    Gogaev, Oleg K.
    Ostaev, Gamlet Y.
    Tihonova, Anna, V
    Khosiev, Boris N.
    Ryzhkova, Olga, I
    Turieva, Emma P.
    Nekrasova, Elena, V
    [J]. INDO AMERICAN JOURNAL OF PHARMACEUTICAL SCIENCES, 2019, 6 (04): : 8173 - 8179
  • [25] DECISION-MAKING IN THE MANAGEMENT OF ECONOMIC ORGANIZATIONS - HREBICKOVA,M
    LESAKOVA, M
    [J]. EKONOMICKY CASOPIS, 1988, 36 (01): : 98 - 100
  • [26] Data-Driven Decision Making for Sustainable IT Project Management Excellence
    Pantovic, Vladan
    Vidojevic, Dejan
    Vujicic, Sladana
    Sofijanic, Svetozar
    Jovanovic-Milenkovic, Marina
    [J]. SUSTAINABILITY, 2024, 16 (07)
  • [27] Using fuzzy decision making for the evaluation of the project management internal efficiency
    Dweiri, F. T.
    Kablan, M. M.
    [J]. DECISION SUPPORT SYSTEMS, 2006, 42 (02) : 712 - 726
  • [28] Project portfolio management and enterprise decision making: Benchmarking practices and outcomes
    Killen, Catherine P.
    Hunt, Robert A.
    Kleinschmidt, Elko J.
    [J]. PROCEEDINGS OF THE 11TH ANNUAL CONFERENCE OF ASIA PACIFIC DECISION SCIENCES INSTITUTE: INNOVATION & SERVICE EXCELLENCE FOR COMPETITIVE ADVANTAGE IN THE GLOBAL ENVIRONMENT, 2006, : 354 - +
  • [29] Integrated simulation system of decision-making in construction project management
    Lu Mei
    Xie Xinghao
    Jin Weixing
    [J]. Proceedings of 2006 International Conference on Construction & Real Estate Management, Vols 1 and 2: COLLABORATION AND DEVELOPMENT IN CONSTRUCTION AND REAL ESTATE, 2006, : 745 - 749
  • [30] MULTIPLE CRITERIA DECISION-MAKING IN INDUSTRIAL PROJECT-MANAGEMENT
    BRAUERS, WK
    [J]. ENGINEERING COSTS AND PRODUCTION ECONOMICS, 1990, 20 (02): : 231 - 240
12345