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Monday, October 8 • 10:30am - 11:30am
#510 Bounded Rationality – Influence on Decision Making in Project Management

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This presentation explores the concept of bounded rationality and its impact on project management decisions. Different bounds have been identified and discussed, which impact critical decisions during different phases of the project life cycle. A bound-free model of decision making has been proposed as part of this presentation, which is based on rational thought process, an analytical and intuitive approach, the project management triple constraints, and metacognition.

At the conclusion of this session, participants will be able to:
(1) explain different bounds which affect and impact critical decisions during different phases of project life cycle management;
(2) describe how an organization can strive to adopt and implement this model which is well supplemented by the metacognition abilities of individual project managers.

avatar for Tanish Mathur, PMP, PMI-ACP

Tanish Mathur, PMP, PMI-ACP

Associate Vice President, HSBC
Tanish Mathur is an assistant vice president for  HSBC Commercial Banking, and a member of the board of directors for the PMI Bangalore India Chapter.He is a senior industry practitioner with 15 years of experience in corporate banking, consulting, and project and program management... Read More →

Monday October 8, 2018 10:30am - 11:30am PDT
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