Preview

How Can the Uncertainty Map Help Managers?

Good Essays
Open Document
Open Document
440 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
How Can the Uncertainty Map Help Managers?
1. How can the uncertainty map help managers?

Pearson’s uncertainty map provides a framework for analyzing and understanding uncertainty in the innovation process. It addresses the nature of the uncertainty and the way it changes over time, and provides managers with knowledge to make a decision and transform ideas into innovation. It also determines the type of management skills needed for different degrees of uncertainty.

The framework separates uncertainty into four quadrants based on basic characterizations:

a. uncertainty about ends – the eventual target of the project

b. uncertainty about means – how to achieve the target

Drawn on two axes, uncertainty about ends appears on the vertical axis, about means on the horizontal. The axes then divide producing four quadrants, namely:

- Quadrant 1, also known as exploratory or Blue Sky Research is where there is no clear definition of the target or the means. Here, the organization is experimenting with unfamiliar technologies, and unidentified markets or products. Depending on the manager, ideas and developments may be immediately recognizable as possible commercial products. A technical manager may understand a technology but a commercial manager might see a wide range of commercial opportunities.

- Quadrant 2 bears the label, Developmental Engineering. It contains ongoing activity within say, manufacturing companies that continually examine production processes looking for inefficiencies and ways to reduce costs. Here the target is clear but means are unidentified. The company may start several different projects centered on different technologies or approaches along the way so there is considerable uncertainty about how to reach the target. A manager will require special project management skills here to ensure either project delivery within budget, or cancellation to avoid escalating costs.

- Quadrant 3 is the Applications Engineering dimension

You May Also Find These Documents Helpful

  • Powerful Essays

    Explain what project scope is and why it is important. Describe the areas of project feasibility that are examined in the analysis phase of…

    • 1348 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    General Picket would lead his men through the open field in order to assault the Union center; this was the first time that he would lead his men into battle. As the Division of Confederate forces advanced upon the defensive lines, the Union artillery began to fire on the advancing soldiers. The cannon fire would easily hit and break the lines of the advancing men. As the assault grew closer to the defensive perimeter the Union Artillery began to fire canisters upon the approaching troops, canisters are artillery fired cans that are filled with smaller balls that when fired the can will release the smaller projectiles in a larger area causing more damage and injury to personnel than just a cannon ball. After a very long charge on the position…

    • 335 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    PMBOKV4 ITTO 42 Processes

    • 1835 Words
    • 46 Pages

    ©2009 PMServicesNW. All rights Reserved. Page 1 of 9 Project Management Process…

    • 1835 Words
    • 46 Pages
    Satisfactory Essays
  • Good Essays

    While a project involving the building of a new factory may contain four phases such as:…

    • 571 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Pert Mustang

    • 1016 Words
    • 5 Pages

    A table containing the project activities, the time estimates and the precedence relationship will be prepared and a network diagram will be drawn to structure the immediate predecessor activities. The critical activities will be identified to indicate that the project can be completed within 45 working days.…

    • 1016 Words
    • 5 Pages
    Good Essays
  • Good Essays

    WFV1 Notes

    • 4474 Words
    • 16 Pages

    Statement of work Internet Business Associate v2.0, Lesson 10: IT Project and Program Management, section "Project Management Phases."…

    • 4474 Words
    • 16 Pages
    Good Essays
  • Good Essays

    PMLC MODEL

    • 1177 Words
    • 5 Pages

    (Wysocki, 2012, p321) stated ‘the project management/projects landscape is based on two characteristics, goal and solution’ in complexity and uncertainly classification on the project.…

    • 1177 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Matrix Template

    • 756 Words
    • 4 Pages

    GenRays Matrix Template Project Management Knowledge Areas|Recommended Tool(s)|Justification for Tool| Project Integration Management | Expert Judgment|-PM Plan is Formal, single document, approved (becomes officially the project plan. It defines how project is executed and controlled. Scope, schedule, and Cost, Change, and Configuration Management plans are created in this process and are part of the PM plan- Scope Management plan is developed here as well.| Project Scope Management | -Interviews -Focus Groups -Facilitated Workshops -Group Creativity Technique -Group decision making techniques -Questionnaires and Surveys -Observation(Job Shadowing) -Prototypes| Facilitated Workshops examples: JAD and Quality Function Deployment Group Creativity Technique examples: -Brainstorming -Nominal Group Technique: enhances brainstorming with voting process -Delphi Technique-Idea and Mind Mapping -Affinity Diagram: large numbers of ideas to be sorted into groups Group Decision making technique -Unanimity: everyone agrees on single course of action -Majority: support from more than 50% of the members of the group -Plurality: the largest block in a group decides even if a majority is not achieved Dictatorship: one individual makes the decision for the group| Project Time Management| -Bottom- up Estimating -Expert Judgment -Alternative Analysis -Published Est. Data -PM Software| Bottom-up estimating: Breaking down complex activities into pieces. -Published Est. Data: Published data as books and journals -Alte. Analysis: means considering several different options for how to assign resources| Project Cost Management | -Analogous Estimating -Bottom-up Estimating -Parametric Estimating -Cost of Quality -Vendor Bid Analysis -Reserve Analysis -Expert Judgment -Three-point estimates -PM estimating software| -Cost of quality: Cost that is incurred to achieve required quality -Rough order of magnitude: As the project moves, estimates should become more accurate -Direct Costs: Costs…

    • 756 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    3.What to do project life cycle add to the planning and execution of a project?…

    • 1571 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Pan Europa

    • 274 Words
    • 2 Pages

    Do any of the projects fail to pass these screens due to their extreme values on some of the factors? 6. Divide the projects into the four Project Profi le Process categories of incremental, platform, breakthrough, and R&D. Draw an aggregate project plan and array the projects on the chart. 7.…

    • 274 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    • Tagged Budget, Change control, Contingency plan, Project management, Project manager, Risk, WBS, Work breakdown structure…

    • 673 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The lack of planning out a project causes a variety of emotions from confusion and frustration with all members involved, the planning process starts at the introduction of the strategic plans for the whole organization. There are three levels of the planning process and these three steps create and implement the strategies for the accomplishment, these steps are strategic, this process occurs at the highest level of the organization and has a time frame of over five years. The tactical stage time frame is one to five years and concentrates on the production planning and integrates organizational resources at a lower level for the entire enterprise and the intermediate duration, and the operational part looks at the daily operation of local resources and happen in the current or short term (Whitman & Mattord, 2014).…

    • 705 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Uncertainty Reduction Theory

    • 4688 Words
    • 19 Pages

    Jauch, L. R., & Kraft, K. L. (1986). Strategic management of uncertainty. The Academy of Management Review, 11 (4), 777-790.…

    • 4688 Words
    • 19 Pages
    Powerful Essays
  • Powerful Essays

    Project management

    • 3449 Words
    • 10 Pages

    As in the first phase of a project in the project lifecycle model CITATION Gra11 \l 1030 (Gray & Larson, 2011) I will start my paper by defining a project, project management and project implementation. Furthermore and according to the project lifecycle model, I will in this section list the goals of this project as wells as specify the scope of the project and the discussion.…

    • 3449 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Calculating the Enthalpy Change of Reaction for the Displacement Reaction between Zinc and Aqueous Copper Sulphate…

    • 1087 Words
    • 5 Pages
    Good Essays