Decision Making - Identification and Counterbalancing of Bounds (Rationale to Wisdom)

Featuring PMI Bangalore India Chapter

Premium Content
PMI Membership
$129 /year
(plus $10 application fee)
Sign up to view this on-demand webinar and get unlimited access to our library of webinars, time-saving templates and more.
PMI Membership perks include job opportunities, local chapters, respected publications, and standards.   Learn more
Already a PMI Member? Log in now.
Premium Content
PMI Membership
$129 /year
(plus $10 application fee)
Sign up to view this on-demand webinar and get unlimited access to our library of webinars, time-saving templates and more.
PMI Membership perks include job opportunities, local chapters, respected publications, and standards.   Learn more
Already a PMI Member? Log in now.
Premium Content
PMI Membership
$129 /year
(plus $10 application fee)
Sign up to view this on-demand webinar and get unlimited access to our library of webinars, time-saving templates and more.
PMI Membership perks include job opportunities, local chapters, respected publications, and standards.   Learn more
Already a PMI Member? Log in now.
57m 46s
Duration
1.00
PDUs
1,961
Views

Overview

It is very important for the project managers to make an optimal decision rather than a satisfying decision. If project managers consider the bounds highlighted and make proper adjustments to the current decision-making process, it would help them in striving towards making the optimal decision for the project. Project managers across different disciplines and industries can make use of the proposed decision making model for effective decision making and counterbalancing bounded rationality.  

This decision-making model, which is based on Rational Thought Process, Analytical & Intuitive Approach, Project Management Triple Constraints, Metacognition, has been proposed. If adopted, it reduces the bound quotient to a great extent. If organizations succeed in implementing this model their executives will able to make optimal decisions rather than just satisfying decisions.

NOTE: You must watch videos in their entirety and all the way through to the end for our system to record your viewing activity accurately. Learn more about PDUs on ProjectManagement.com.

Suggested Webinars




Talent Triangle Alignment

This video qualifies for the following PDUs:
 
PMP/PgMP
PMI-ACP
PMI-SP
PMI-RMP
PfMP
PMI-PBA
0.00
0.00
0.00
0.00
0.00
0.00
1.00
1.00
1.00
1.00
1.00
1.00
0.00
0.00
0.00
0.00
0.00
0.00
Total
1.00
1.00
1.00
1.00
1.00
1.00

Learn about earning PDUs on ProjectManagement.com


Acknowledgements: Marjorie Anderson and Stephen Strickland

Comments (59)

Login/join to subscribe
Page:
Page:
ADVERTISEMENTS

"I must say that I find television very educational. The minute somebody turns it on, I go to the library and read a book."

- Groucho Marx

ADVERTISEMENT

Sponsors