How you would go about reducing the project risks associated

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Reference no: EM133528340

Problem

Fact Pattern:

You have been recently hired by a Jet Engines, Inc., a large manufacturing company supplying jet engines to the Department of Defense. The company's Chief Program and Project Manager has asked you to read Top Ten Behavioral Biases in Project Management: An Overview Download Top Ten Behavioral Biases in Project Management: An Overview in preparation for a meeting of the company's top executives.

Task:

1) In particular, you have been asked to choose 3 of the behavioral biases described in the article and to describe:

a) How those 3 behavioral biases operate

b) The potential effect of those biases on large projects such as the manufacturing jet engines for new fighter jets

c) How you would go about reducing the project risks associated with these biases - e.g., contract provisions, enhanced monitoring, education programs, and incentive compensation.

Reference no: EM133528340

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