Managing the Unknown

Managing the Unknown offers a new way of looking at the problem ofmanaging projects in novel and unknown environments. From Europe'sleading business school, this book shows how to manage twofundamental approaches that, in combination, offer the possibilityof coping with unforeseen influences that inevitably arise in novelprojects: * Trial-and-Error Learning allows for redefining the plan and theproject as the project unfolds * Selectionism pursues multiple, independent trials in order topick the best one at the end Managing the Unknown offers expert guidelines to the specificproject mindsets, infrastructures, and management methods requiredto use these project management approaches and achieve success inspite of unforeseen obstacles. This book equips readers with: * Causal explanations of why unforeseeable factors in novelprojects make traditional project planning and project riskmanagement insufficient * Directly applicable management tools that help managers to guidenovel and high-uncertainty projects * Real-world case studies of both successful and unsuccessfulapproaches to managing high uncertainty in novel projects