By Terry M. Williams, Knut Samset, Kjell Sunnevag
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Extra info for Making Essential Choices with Scant Information: Front-end Decision Making in Major Projects
This introductory chapter looks at some features common to major projects and the above paradoxes and suggests that more resources and efforts need to be used in the earliest stage of the front-end phase in order to improve a project’s strategic performance. It argues that absence of information should not be an excuse but a challenge. , combined with available factual information. Features of a project A project is a restricted undertaking assigned to produce a speciﬁed output within an agreed time limit and budget.
Treasury, HM. (2007). Transforming government procurement. London. January 2007. R. (1993). The Handbook of Project-Based Management. McGraw-Hill: Maidenhead, UK. Weick, K. (1995). Sensemaking in Organizations. SAGE Publishers: London. Williams, T. (1999). The need for new paradigms for complex projects. International Journal of Project Management 17 (5): 269–273. Wray, R. (2005). No place like Dome for major new venue. The Guardian, Thursday 26th May 2005. 2 Projects, Their Quality at Entry and Challenges in the Front-end Phase Knut Samset When news about a project hits the headlines, the public and media seem to be more concerned about its immediate outputs than with the long-term outcome of the investment.
PhD dissertation, Norwegian University of Science and Technology: Trondheim, May 1998. Samset K. (2003). Project Evaluation. Making Investments Succeed. Tapir Academic Press: Trondheim. World Bank. (1996). Evaluation Results 1994. The International Bank of Reconstruction and Development: Washington, DC. G. Morris Introduction This chapter, if it succeeds, will open wider two doors in management theory and practice: one, to show concretely how corporate and business strategy implementation can be effected via project management, something rarely addressed in the academic literature; two, to show how project management, as a discipline, can contribute to strategic management.