Toolbox for Uncertainty: Introduction of Adaptive Heuristics as Strategies for Project Decision Making

Verena Stingl, Joana Geraldi

Publikation: Bidrag til bog/antologi/rapportKonferencebidrag i proceedingsForskningpeer review

Resumé

This article presents adaptive heuristics as an alternative approach to navigate uncertainty in project decision-making. Adaptive heuristic are a class of simple decision strategies that have received only scant attention in project studies. Yet, they can strive in contexts of high uncertainty and limited information, which are the typical project decision context. This article develops a conceptual model that supports a systematic connection between adaptive heuristics and project decisions. Individual adaptive heuristics succeed only in specific decision environments, in which they are ‘ecologically rational’. The model builds on the individual definitions of ecological rationality and organizes them according to two types of uncertainty (‘knowable’ and ‘unknowable’). Decision problems and heuristics are furthermore grouped by decision task (choice and judgement). The article discusses several resulting propositions for future research and analyses the scant project literature on heuristics with regard to its fit to the model and the propositions. This conceptual approach supports future prescriptive research that can foster the development of efficient and intuitively applicable decision support tools. It finally highlights current boundaries of research on adaptive heuristics regarding the missing reflection of different types of uncertainty.
OriginalsprogEngelsk
TitelConference proceedings of International Research Network on Organizing by Projects : INROP 2017
Antal sider28
Publikationsdato2017
StatusUdgivet - 2017
Udgivet eksterntJa
BegivenhedIRNOP 2017 Conference - Boston, USA
Varighed: 11 jun. 201714 jun. 2017
Konferencens nummer: 13
http://irnopboston.org/

Konference

KonferenceIRNOP 2017 Conference
Nummer13
LandUSA
ByBoston
Periode11/06/201714/06/2017
AndetInternational Research Network on Organizing by Projects
Internetadresse

Emneord

  • Adaptive heuristics
  • Decision-making
  • Uncertainty
  • Ecological rationality
  • Project decisions

Citer dette

Stingl, V., & Geraldi, J. (2017). Toolbox for Uncertainty: Introduction of Adaptive Heuristics as Strategies for Project Decision Making. I Conference proceedings of International Research Network on Organizing by Projects: INROP 2017
Stingl, Verena ; Geraldi, Joana . / Toolbox for Uncertainty : Introduction of Adaptive Heuristics as Strategies for Project Decision Making. Conference proceedings of International Research Network on Organizing by Projects: INROP 2017. 2017.
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Stingl, V & Geraldi, J 2017, Toolbox for Uncertainty: Introduction of Adaptive Heuristics as Strategies for Project Decision Making. i Conference proceedings of International Research Network on Organizing by Projects: INROP 2017. IRNOP 2017 Conference, Boston, USA, 11/06/2017.

Toolbox for Uncertainty : Introduction of Adaptive Heuristics as Strategies for Project Decision Making. / Stingl, Verena; Geraldi, Joana .

Conference proceedings of International Research Network on Organizing by Projects: INROP 2017. 2017.

Publikation: Bidrag til bog/antologi/rapportKonferencebidrag i proceedingsForskningpeer review

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Stingl V, Geraldi J. Toolbox for Uncertainty: Introduction of Adaptive Heuristics as Strategies for Project Decision Making. I Conference proceedings of International Research Network on Organizing by Projects: INROP 2017. 2017