Title :
The applications of project management´s decision support tool in the process of making decision
Author :
Xu, Dishi ; Xu, Shuobo ; Hua, Xianggang
Author_Institution :
Manage. Dept., Shandong Jiaotong Univ., Jinan, China
Abstract :
This paper applies decision support tools including decision trees and probability/impact tables to help a project manager to do a decision analysis for assessing the relative value of one or more different option. The process of folding back or averaging is to get each site´s expected cost and revenue and compare them by an investment technique: the Payback Period technique to prove why the chosen one is the most appropriate.
Keywords :
decision making; decision trees; investment; probability; project management; decision analysis; decision making; decision trees; investment technique; payback period technique; probability/impact tables; project management decision support tool; Concrete; Wind turbines; decision support tool; decision tree; expected value technique; probability table; project manegement;
Conference_Titel :
Communication Software and Networks (ICCSN), 2011 IEEE 3rd International Conference on
Conference_Location :
Xi´an
Print_ISBN :
978-1-61284-485-5
DOI :
10.1109/ICCSN.2011.6014281
