Gartner Research

How to Quantify Risk and Uncertainty for Executive Decision-Making

Published: 20 December 2005

ID: G00136773

Analyst(s): George A. Mansour

Summary

Executives and decision makers from business and IT need an effective methodology to quantify the risk and uncertainty associated with projects and strategies. The simulation-based approach we describe is an effective way of doing so, and will lead to better decisions and more-predictable outcomes.

Table Of Contents
  • Introduction
  • The Status Quo
  • Toward a More Reliable Approach for Decision Making Under Uncertainty
  • Advantages of the Proposed Methodology
  • Requisite Skill Set
  • Conclusion

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