Uncertainty map

This study also identified that the longer the project, the higher the risk of cost overrun, due to the increased uncertainty when starting the project. Depending on the manager, ideas and developments may be immediately recognizable as possible commercial products. No two projects or programmes are exactly the same. 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. This can be illustrated by referring to the framework triangle at the end of Chapter 1. Uncertainty is the central characteristic of innovation. Answer: This question refers to Pearsons uncertainty map. Nagji, B.

The moment we step out of this comfort zone, we start introducing uncertainty. This places the 2X2 matrix along a two dimensional continuum that identifies three types of innovation: core innovation which is about improving existing products for existing markets e. How to cite this page Choose cite format:.

On the other hand, a risk that is not so well-defined or for which there is very little experience available will carry a high level of uncertainty.

Depending on the manager, ideas and developments may be immediately recognizable as possible commercial products. This approach makes explicit that the job of innovators is to work everyday to reduce uncertainty by increasing the likelihood and magnitude of success i.

how the uncertainty maps can help the manager

Amazon launching AWS. Once again each of these needs to be explained and then show how this role influences the innovation process.

pearsons uncertainty map wikipedia
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Mapping Project Risk & Uncertainty