Q. This is a very powerful technique that facilitates effective decision making using a framework that analyzes tradeoffs involving widely disparate things?
A. In the past, decision makers have relied mostly on instinct, common sense, and guesswork. To have a more rational approach, the authors have developed a system-which they call even swaps-that provides a practical way of making trade-offs among a range of objectives across a range of alternatives. The even-swap method will not make complex decisions easy; you'll still have to make hard choices about the values you set and the trades you make. What it does provide is a reliable mechanisms for making trades and a coherent framework in which to make them. By simplifying and codifying the mechanical elements of trade-offs, the even-swap method lets you focus all your mental energy on the most important work of decision making: deciding the real value to your company of different courses of action. For illustration and further reading refer www.muhlenberg.edu/depts/abe/business/miller/mscipp/choices.ppt
[Source - Internet]
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Please complete the sentence below with your thoughts in 10-15 words and send them to. The best entry will win attractive goodies from PMI Bangalore India Chapter.
"Operations” keeps the lights on, while Project Management............
Please provide your response by 30th January 2014
Chapter will select the best slogan and felicitate the winner during a Chapter event.
In our last edition, we had asked you to express your thoughts in 10-15 words to continue the following sentence
A project without a critical path is like .............
and the best response is . . . "constructing building without knowing max # of floors"
... and the Winner is - Namita Gupta, PMP, UADAI
This slogan elicited the maximum number of responses till date. Although the intention here was to unleash your creative thinking, we all know, the only way you cannot have a reliable critical path is because the dependencies have not been put in the schedule. Thank you for the interesting discussion and passion to contribute to this section.
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