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Compact case
Case
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Reference no. UVA-QA-0350
Subject category: Case Method and Specialist Management Disciplines
Authors: Phillip E Pfeifer (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 1986
Version: August 1993
Length: 2 pages
Topics: Sensitivity analysis; Project management
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Abstract

Thomas Stearns must decide whether to continue with planned software development and risk missing the completion deadline on a $20 million project, or ''bite the bullet'' and make some costly hardware changes that will virtually eliminate the risk of missing the deadline. This introductory decision analysis case contains: (1) a compound (square-circle-square) decision; (2) encourages a discussion of the meaning of probability; and (3) requires the use of sensitivity analysis to handle the unspecified costs of missing the deadline. There is a Spanish version available ''UVA-QA-0350-LAS''.
Teaching note
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Reference no. UVA-QA-0350TN
Subject category: Case Method and Specialist Management Disciplines
Authors: Phillip E Pfeifer (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 1986
Version: August 1993
Length: 17 pages
View full details

About

Abstract

Thomas Stearns must decide whether to continue with planned software development and risk missing the completion deadline on a $20 million project, or ''bite the bullet'' and make some costly hardware changes that will virtually eliminate the risk of missing the deadline. This introductory decision analysis case contains: (1) a compound (square-circle-square) decision; (2) encourages a discussion of the meaning of probability; and (3) requires the use of sensitivity analysis to handle the unspecified costs of missing the deadline. There is a Spanish version available ''UVA-QA-0350-LAS''.

Related

Teaching note
-
Reference no. UVA-QA-0350TN
Subject category: Case Method and Specialist Management Disciplines
Authors: Phillip E Pfeifer (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 1986
Version: August 1993
Length: 17 pages
View full details