Article ID: | iaor1991158 |
Country: | United Kingdom |
Volume: | 8 |
Issue: | 2 |
Start Page Number: | 109 |
End Page Number: | 115 |
Publication Date: | May 1990 |
Journal: | International Journal of Project Management |
Authors: | Kidd John |
Most software packages currently offered for project management for use on micro-computers do not allow one to analyse the data relating to the uncertainty which almost always exists in projects. Thus the PC-supported manager may be misled by easily accessible software so may not undertake a strategic analysis of the project. Here it is argued that the venture evaluation and review technique (VERT) can provide a rich modelling environment for the assessment of strategic options within complex projects; although its use would be based on a mini-computer. A small example project is used to indicate how VERT may suggest pertinent ‘what if?’ enquiries.