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Introduction: Why and How This Book Has Been Written?

In: Risk-Based Project Decisions in Situations of High Complexity and Deep Uncertainty

Author

Listed:
  • Yuri G. Raydugin

    (Risk Services & Solutions Inc.)

Abstract

This introductory chapter describes the author’s personal project risk management (PRM) experience and the reasons why this book has been written. Shortcomings and limitations of the traditional PRM discovered at the beginning of the PRM career are pointed to. Undertaken steps to branch out of the Procrustean bed of the traditional PRM are outlined. Main ideas, concepts and paradigms introduced in this book—predict-then-act and monitor-and-adapt decision-making paradigms, risk interactions, non-linear Monte Carlo methodology, systems dynamic modelling, project system’s complexity, game theory, deep uncertainties, dynamic adaptive methodology, etc.—are introduced at high level to further explore in consecutive chapters. Two primary paradigm shifts—to non-linear Monte Carlo methodology and to deep uncertainty concept—are laid out. Transition from the traditional predict-then-act to monitor-and-adapt decision-making is justified. High-level roadmap and structure of the book are set out.

Suggested Citation

  • Yuri G. Raydugin, 2024. "Introduction: Why and How This Book Has Been Written?," Springer Books, in: Risk-Based Project Decisions in Situations of High Complexity and Deep Uncertainty, chapter 0, pages 1-10, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-56988-3_1
    DOI: 10.1007/978-3-031-56988-3_1
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