ABSTRACT
This chapter talks about one such choice engineering approach: adaptive management. The chapter gives another idea for choice engineering: adaptive management. Adaptive management is a strategy that can be "adapted" for successful project management. The world is always changing, new or additional information is revealed and decision-makers must adapt to the new information. In fact, the best politicians, leaders, and managers are those who adapt to changing circumstances rather than sticking to outdated strategies or policies. If individual project managers are capable of reversing decisions, the corporate culture may not support it. Senior management often frowns upon managers who stray from project plans. In project management, people often resist any changes in processes and polices and this makes it difficult to adopt effective adaptive management processes. Status quo bias explains why ineffective project management procedures often are not changed and why outdated technology is not replaced.
