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Author: | Pender, S. |
Title: | Managing incomplete knowledge: why risk management is not sufficient |
Journal: | International Journal of Project Management
2001 : FEB, VOL. 19:2, p. 79-87 |
Index terms: | Risk management Project management Human resource management |
Freeterms: | Real options |
Language: | eng |
Abstract: | This paper discusses an expanded framework of incomplete knowledge, including an expanded concept of uncertainty that acknowledges ignorance or surprise, where there is no prior knowledge of future states; imprecision arising frm ambiquity in project parameterse states, and human limitations in information processing. |
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