Title :
Successful implemented theories for reference class forecasting in industrial field
Author :
Benta, Dan ; Rusu, Lucia ; Podean, Marius Ioan
Author_Institution :
Faculty of Economics and Business Administration, Babeş-Bolyai University of Cluj-Napoca, Cluj-Napoca, Romania
Abstract :
Risk management process integration in project management plans is necessary to succeed in complex projects. We structured our work in a conceptual background section and in our approach and results section for a correct state of the problem and clearly present our implementation. The aim of this paper is to present a deep literature review in terms of risk management roots and Reference Class Forecasting theories. Results and analyzes from our industrial field are presented. This paper is the result of collaboration between university and industrial field.
Keywords :
Delays; Economics; Forecasting; Risk management; Standards; Training; Implementation; Prospect theory; Reference Class Forecasting; Risk management; Utility function;
Conference_Titel :
e-Business (ICE-B), 2011 Proceedings of the International Conference on
Conference_Location :
Seville, Spain