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Introduction to Uncertainty and Risk

  • Ivan Damnjanovic
  • Kenneth Reinschmidt
Chapter
Part of the Risk, Systems and Decisions book series (RSD)

Abstract

In this chapter we discuss the concept of uncertainty and risks from the two different viewpoints – the theoretical and the project management viewpoint. We provide an overview of uncertainty classification that extends beyond the two typical approaches and discuss the types of uncertainty project managers are often challenged with – volitional, agonistic, and dialectic uncertainty. Further, we provide evidence of a divergence in approaches adopted by project managers and decision theorists as well as of the link that allows us to develop a holistic approach to project risk management.

Keywords

Uncertainty Project manager Managerial attitude Probabilities and decisions 

References

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Ivan Damnjanovic
    • 1
  • Kenneth Reinschmidt
    • 2
  1. 1.Texas A&M UniversityCollege StationUSA
  2. 2.College StationUSA

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