| Framing Decisions |
The economic crisis of 2008–2009 was a transformational event: it demonstrated that smart people aren't as smart as they and the public think. The crisis arose because a lot of highly educated people in high-impact positions— political power brokers, business leaders, and large segments of the general public—made a lot of bad decisions despite unprecedented access to data, highly sophisticated decision support systems, methodological advances in the decision sciences, and guidance from highly experienced experts. How could we get things so wrong? The answer, says J. Davidson Frame in Framing Decisions: Decision Making That Accounts for Irrationality, People, and Constraints, is that traditional processes do not account for the three critical immeasurable elements highlighted in the book's subtitle— irrationality, people, and constraints.
Dr. Frame argues that decision-makers need to move beyond their single-minded focus on rational and optimal solutions as preached by the traditional paradigm. They must accommodate a decision's social space and address the realities of dissimulation, incompetence, legacy, greed, peer pressure, and conflict. In the final analysis, when making decisions of consequence, they should focus on people – both as individuals and in groups.
Framing Decisions offers a new approach to decision making that gets decision-makers to put people and social context at the heart of the decision process. It offers guidance on how to make decisions in a real world filled with real people seeking real solutions to their problems.
J. Davidson Frame
Dr. Frame is Academic Dean of UMT, and one of the world's leading authorities on project management. He has written a number of books on risk management and technology management including: The New Project Management , Project Management Competence , Managing Risk in Organizations , and Project Finance: Tools and Techniques .
Dr. Frame was Professor of Management Science at the George Washington University, where he served on the faculty from 1979-1998. In 1990-1996, he headed the certification program for the Project Management Institute (PMI). In 1997-1998, he was PMI's Director of Education Services. In 1999-2002, he served on PMI's Board of Directors.
How to Obtain this Book
- Hardcover: 304 pages; Dimensions (in inches): 9.3 x 7.4 x 1.0
- Publisher: Jossey-Bass; ISBN: 1118014898; 1st edition (November 19, 2012)
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