Methods and Analyses in the Front-End Phase

Knut Samset

Chapter 13 in Early Project Appraisal, 2010, pp 130-137 from Palgrave Macmillan

Abstract: Abstract In the front phase, the need for information is most urgent and the uncertainty greatest. At the same time, the possibilities for improvements through acquiring better information are greatest, as discussed in Chapter 5. But one also faces the fundamental problem that the basic data are inadequate and uncertain, with large margins and deviations and is supplemented with judgemental data. Hence, precision instruments are little suited to analyzing data. This is why the choice of methods available for use in the initial concept appraisal is more restricted than in the planning and management phases.

Keywords: Expert Judgement; Individual Judgement; Future Situation; Frequentist Assessment; High Probability Region (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230289925_13

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