Decision Making In Project Management

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The Data-Driven Project Manager

Author : Mario Vanhoucke
Publisher : Apress
ISBN 13 : 1484234987
Total Pages : 164 pages
Book Rating : 4.4/5 (842 download)

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Book Synopsis The Data-Driven Project Manager by : Mario Vanhoucke

Download or read book The Data-Driven Project Manager written by Mario Vanhoucke and published by Apress. This book was released on 2018-03-27 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover solutions to common obstacles faced by project managers. Written as a business novel, the book is highly interactive, allowing readers to participate and consider options at each stage of a project. The book is based on years of experience, both through the author's research projects as well as his teaching lectures at business schools. The book tells the story of Emily Reed and her colleagues who are in charge of the management of a new tennis stadium project. The CEO of the company, Jacob Mitchell, is planning to install a new data-driven project management methodology as a decision support tool for all upcoming projects. He challenges Emily and her team to start a journey in exploring project data to fight against unexpected project obstacles. Data-driven project management is known in the academic literature as “dynamic scheduling” or “integrated project management and control.” It is a project management methodology to plan, monitor, and control projects in progress in order to deliver them on time and within budget to the client. Its main focus is on the integration of three crucial aspects, as follows: Baseline Scheduling: Plan the project activities to create a project timetable with time and budget restrictions. Determine start and finish times of each project activity within the activity network and resource constraints. Know the expected timing of the work to be done as well as an expected impact on the project’s time and budget objectives. Schedule Risk Analysis: Analyze the risk of the baseline schedule and its impact on the project’s time and budget. Use Monte Carlo simulations to assess the risk of the baseline schedule and to forecast the impact of time and budget deviations on the project objectives. Project Control: Measure and analyze the project’s performance data and take actions to bring the project on track. Monitor deviations from the expected project progress and control performance in order to facilitate the decision-making process in case corrective actions are needed to bring projects back on track. Both traditional Earned Value Management (EVM) and the novel Earned Schedule (ES) methods are used. What You'll Learn Implement a data-driven project management methodology (also known as "dynamic scheduling") which allows project managers to plan, monitor, and control projects while delivering them on time and within budget Study different project management tools and techniques, such as PERT/CPM, schedule risk analysis (SRA), resource buffering, and earned value management (EVM) Understand the three aspects of dynamic scheduling: baseline scheduling, schedule risk analysis, and project control Who This Book Is For Project managers looking to learn data-driven project management (or "dynamic scheduling") via a novel, demonstrating real-time simulations of how project managers can solve common project obstacles

The Project Manager's Guide to Making Successful Decisions

Author : Robert A. Powell PhD
Publisher : Berrett-Koehler Publishers
ISBN 13 : 1567263801
Total Pages : 253 pages
Book Rating : 4.5/5 (672 download)

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Book Synopsis The Project Manager's Guide to Making Successful Decisions by : Robert A. Powell PhD

Download or read book The Project Manager's Guide to Making Successful Decisions written by Robert A. Powell PhD and published by Berrett-Koehler Publishers. This book was released on 2008-12-01 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Make Better Decisions While Managing Projects! Decision-making is critical in project management. Lack of decision-making knowledge, avoidable mistakes, and improper definitions can negatively impact your company's ability to generate profit. The Project Manager's Guide to Making Successful Decisions is a practical handbook that focuses on the significance of project decision-making skills that will all you to reach workable and effective results. This valuable resource highlights numerous decisions necessary to support the project management life cycle, presents various techniques that facilitate the decision-making process, provides an overview of decision analysis as it relates to project management, and much more! + Understand different types of decision-making processes and cycles + Recognize how to frame the decision and gather better information + Define alternatives and assessments to make the right decision + Analyze short case studies demonstrating project decision making success

Decision Making in Project Management

Author : Asbjorn Rolstadas
Publisher : Fagbokforlaget
ISBN 13 : 9788245017731
Total Pages : 0 pages
Book Rating : 4.0/5 (177 download)

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Book Synopsis Decision Making in Project Management by : Asbjorn Rolstadas

Download or read book Decision Making in Project Management written by Asbjorn Rolstadas and published by Fagbokforlaget. This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project management involves decision making, and, for most projects, the ability to make good decisions is crucial to their success. In practice, many project management decisions are based purely on experience and judgement - not always successfully. Effective decision making requires an understanding of available alternatives, appropriate methods for deriving choices, and the ability to continually evaluate and select the best means for enhancing project success. This book presents a model for decision making in projects. It distinguishes between authorization, selection, and plan decisions, and it presents an overview of available techniques. In addition, the book presents research results to support methods for optimal decisions in projects in order to achieve success. (Series: NTNU Engineering - Vol. 4) [Subject: Project Management, Business]

Project Governance

Author : Ross Garland
Publisher : Kogan Page Publishers
ISBN 13 : 0749456086
Total Pages : 224 pages
Book Rating : 4.7/5 (494 download)

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Book Synopsis Project Governance by : Ross Garland

Download or read book Project Governance written by Ross Garland and published by Kogan Page Publishers. This book was released on 2009-02-03 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective project decision making is recognised as a key feature of successful projects. Ineffective decision making leads to project delay and failure. Project Governance takes readers through the logical steps required for the establishment of a project governance framework for a project or organisation. Starting with problems typical of ineffective project governance, it develops a set of principles designed to overcome these problems and builds a framework based on these principles. This comprehensive guide explains how to populate the framework effectively, provides the accountabilities and responsibilities of the main roles , and describes how to integrate the project governance framework into the organisation. Whether you are a project management practitioner or a student of project management, the lessons learned in this valuable handbook make for essential reading.

Strategic Project Management

Author : Michael J. Termini
Publisher : Society of Manufacturing Engineers
ISBN 13 : 0872635120
Total Pages : 250 pages
Book Rating : 4.8/5 (726 download)

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Book Synopsis Strategic Project Management by : Michael J. Termini

Download or read book Strategic Project Management written by Michael J. Termini and published by Society of Manufacturing Engineers. This book was released on 1999 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tools and techniques for planning, decision making, and implementation. This new book examines and documents methods for developing and employing critical project management skills. The emphasis is on providing both novice and seasoned project managers with insight into real-world, practical applications. The techniques are proven, the approach sound, and the results measurable and significant. Case studies presented in the book illustrate the application of various project management strategic and tactical tools. The book follows a step-by-step approach, supported by tools, techniques and examples to illustrate each important aspect of project management. Among other topics readers will learn how to establish result-oriented project performance metrics to guarantee measurable results, exercise fundamental process control techniques that will help keep a project on budget and on schedule, accurately assess project support systems and address deficiencies early, plus many more.

Construction Risk Management Decision Making

Author : Alex C. Arthur
Publisher : John Wiley & Sons
ISBN 13 : 1119693004
Total Pages : 436 pages
Book Rating : 4.1/5 (196 download)

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Book Synopsis Construction Risk Management Decision Making by : Alex C. Arthur

Download or read book Construction Risk Management Decision Making written by Alex C. Arthur and published by John Wiley & Sons. This book was released on 2021-12-13 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: CONSTRUCTION RISK MANAGEMENT DECISION MAKING Explores the relevance of systems thinking and behavioral science in construction risk management Effective risk management is a vital component of all successful construction projects. Although quantitative tools for evaluating data and minimizing risk are readily available, construction managers commonly adopt a more innate, experience-based approach. In Construction Risk Management Decision Making, project manager and senior consultant Alex C. Arthur provides step-by-step advice on assessing and prioritizing risk using qualitative decision-making systems in the construction industry. Incorporating key theories and concepts from systems thinking and behavioral science, this highly practical guide focuses on the behavior patterns of real people in the industry, rather than complex quantitative techniques and data. Concise, easy-to-understand chapters highlight the current practices of construction risk management while helping readers view risk and decision making from a broader perspective. Throughout the book, the author presents invaluable insights into the ways construction professionals think and behave in the real world. Addresses the actual risk management practices of construction professionals Applies human behavioral theories to the study of construction risk management decision making Illustrates the highly intuitive approaches prevalent in various construction projects Features real-life case studies and practical examples throughout Construction Risk Management Decision Making is an excellent textbook for advanced students in project management, engineering, construction, and surveying courses, and a must-have guide for practitioners of construction management, surveying, and architecture.

Project Management Analytics

Author : Harjit Singh
Publisher : FT Press
ISBN 13 : 0134190491
Total Pages : 412 pages
Book Rating : 4.1/5 (341 download)

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Book Synopsis Project Management Analytics by : Harjit Singh

Download or read book Project Management Analytics written by Harjit Singh and published by FT Press. This book was released on 2015-11-12 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: To manage projects, you must not only control schedules and costs: you must also manage growing operational uncertainty. Today’s powerful analytics tools and methods can help you do all of this far more successfully. In Project Management Analytics, Harjit Singh shows how to bring greater evidence-based clarity and rationality to all your key decisions throughout the full project lifecycle. Singh identifies the components and characteristics of a good project decision and shows how to improve decisions by using predictive, prescriptive, statistical, and other methods. You’ll learn how to mitigate risks by identifying meaningful historical patterns and trends; optimize allocation and use of scarce resources within project constraints; automate data-driven decision-making processes based on huge data sets; and effectively handle multiple interrelated decision criteria. Singh also helps you integrate analytics into the project management methods you already use, combining today’s best analytical techniques with proven approaches such as PMI PMBOK® and Lean Six Sigma. Project managers can no longer rely on vague impressions or seat-of-the-pants intuition. Fortunately, you don’t have to. With Project Management Analytics, you can use facts, evidence, and knowledge—and get far better results. Achieve efficient, reliable, consistent, and fact-based project decision-making Systematically bring data and objective analysis to key project decisions Avoid “garbage in, garbage out” Properly collect, store, analyze, and interpret your project-related data Optimize multi-criteria decisions in large group environments Use the Analytic Hierarchy Process (AHP) to improve complex real-world decisions Streamline projects the way you streamline other business processes Leverage data-driven Lean Six Sigma to manage projects more effectively

Decision-making on Mega-projects

Author : Hugo Priemus
Publisher : Edward Elgar Publishing
ISBN 13 : 1848440170
Total Pages : 353 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis Decision-making on Mega-projects by : Hugo Priemus

Download or read book Decision-making on Mega-projects written by Hugo Priemus and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: It will be useful for those experienced and senior professionals who are charged with authorizing and controlling projects. Recommended. P.F. Rad, Choice Building on the seminal work of Bent Flyvbjerg, this book is a collection of expert contributions that will prove essential to anyone wanting to understand why mega-projects go wrong and how they can be made to work better. Professor Sir Peter Hall, University College London, UK This book offers a refreshing and fascinating look at mega-projects from the perspective of public evaluation and planning. With the changing role of the public sector in planning and implementing large-scale projects and a subsequent strong emergence of private public modes of operation, mega-projects have become a problematic phenomenon. This volume is a major source of information and reference. It provides the reader with unique insights and caveats in mega-projects planning. Peter Nijkamp, VU University Amsterdam, The Netherlands This book enlarges the understanding of decision-making on mega-projects and suggest recommendations for a more effective, efficient and democratic approach. Authors from different scientific disciplines address various aspects of the decision-making process, such as management characteristics and cost benefit analysis, planning and innovation and competition and institutions. The subject matter is highly diverse, but certain questions remain at the forefront. For example, how do we deal with protracted preparation processes, how do we tackle risks and uncertainties, and how can we best divide the risks and responsibilities among the private and public players throughout the different phases of the project? Presenting a state-of-the-art overview, based on experiences and visions of authors from Europe and North America, this unique book will be of interest to practitioners of large-scale project management, politicians, public officials and private organisations involved in mega-project decision-making. It will also appeal to researchers, consultants and students dealing with substantial engineering projects, complex systems, project management and transport infrastructure.

Process Management

Author : J. A. de Bruijn
Publisher : Springer
ISBN 13 : 1402073313
Total Pages : 171 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Process Management by : J. A. de Bruijn

Download or read book Process Management written by J. A. de Bruijn and published by Springer. This book was released on 2002-01-01 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: More and more decisions have to be made in networks. Networks have no hierarchy, which precludes simple command and control-type decision making. In addition, project-based techniques are unlikely to succeed in networks, since project management presupposes that one actor, the project manager, is at the top of a hierarchy. How to make decisions, when both command and control and project management are ineffective? This book offers decision makers operating in networks a new perspective. If neither command and control nor project management are effective, process management offers a solution: to reach decisions, invest in a structured interaction process. This book provides an in-depth analysis of process management: how to design and manage a process and why, what risks does it pose and how can we address them? With its crystal clear style, this book appeals to scientists, practitioners as well as students interested in the subject.

Consensus-Oriented Decision-Making

Author : Tim Hartnett
Publisher : New Society Publishers
ISBN 13 : 1550924818
Total Pages : 193 pages
Book Rating : 4.5/5 (59 download)

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Book Synopsis Consensus-Oriented Decision-Making by : Tim Hartnett

Download or read book Consensus-Oriented Decision-Making written by Tim Hartnett and published by New Society Publishers. This book was released on 2011-04-01 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: A step-by-step guide to the most efficient and effective method for participatory group decision-making Are you frustrated by that common challenge called group decision-making? Consensus-Oriented Decision-Making can help! Clearly written and well organized, keep this book by your side and refer to it often. Groups you are part of will function better as a result. -- Peggy Holman, author, Engaging Emergence: Turning Upheaval into Opportunity For any group or organization to function effectively, it must be able to make decisions well. Consensus-Oriented Decision-Making is the first book to offer groups (and group facilitators) a clear and efficient path to generating widespread agreement while fostering full participation and true collaboration. Poised to become the new standard for group facilitation, Consensus-Oriented Decision-Making combines: Deep insight into complex group dynamics Effective conflict resolution techniques Powerful communication skills Groups using this simple, step-by-step approach experience increased cohesion and commitment and stronger relationships as a result of their successful cooperation. Incorporating the principles of collaboration, inclusion, empathy, and open-mindedness, the consensus-oriented decision-making (CODM) process encourages shared ownership of group decisions. The method can be used in any group situation, regardless of whether the final decision-making power rests with a single person or team, a vote of members, or unanimity. Business, government, nonprofit, social, and community organizations can all benefit from Consensus-Oriented Decision-Making . Whether you are a designated facilitator or an active participant, understanding this powerful framework will help you contribute to the success of your group through achieving maximum participation and efficiency, a clearer decision-making process, better decisions, and improved group dynamics. Tim Hartnett, PhD, is a group facilitator and mediator who blends extensive knowledge of non-violent communication with insightful understanding of group dynamics and effective techniques for conflict resolution.

Exercising Agency

Author : Mark Mullaly
Publisher : Routledge
ISBN 13 : 1317138090
Total Pages : 182 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis Exercising Agency by : Mark Mullaly

Download or read book Exercising Agency written by Mark Mullaly and published by Routledge. This book was released on 2016-04-22 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exercising Agency is a book about decision making. In particular, it looks in detail at how a very important type of organizational decision gets made: whether or not to initiate a project. Making strategic decisions of this kind can never be a wholly rational and scientific process. And Exercising Agency lifts the lid on many of the important behavioural factors that inform project decisions: power and politics, personality, the ’rules’ of an organization. Mark Mullaly draws on his research to provide practical guidance for decision makers; project shapers, approving executives and those responsible for how initiation decisions are made. By explaining the influence, value and risks associated with the elements that inform the way we make strategic decisions he will help you identify how individuals and organizations can best support the process to ensure project initiation decisions are effective and most closely underpin the priorities of the organization. If you are involved in framing or making decisions about the future of your organization; the projects that you do or don’t decide to initiate, then read this book. It won’t make the decisions any easier but it will help you improve the quality of the decisions you make and over time, the effectiveness of your organizational decision making.

ProjectThink

Author : Lev Virine
Publisher : Routledge
ISBN 13 : 1317074793
Total Pages : 216 pages
Book Rating : 4.3/5 (17 download)

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Book Synopsis ProjectThink by : Lev Virine

Download or read book ProjectThink written by Lev Virine and published by Routledge. This book was released on 2016-04-15 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Projects are constantly beset by problems, often caused by seemingly small mistakes which collectively lead to larger issues. Why do project managers and teams appear to repeat the same mistakes? Can they make better choices without introducing complex decision analysis processes? How can they make better estimates? Project management is the art and science of human interactions. ProjectThink identifies and explains the paths of those intentional and unintentional actions that lead to trouble. It provides advice and guidance in analysing information and risk and explains how ’choice-engineering’ can facilitate decision-making and encourage everyone involved in a project to follow the right procedures and work collaboratively.

Project Management Accounting

Author : Kevin R. Callahan
Publisher : Wiley
ISBN 13 : 9780470044698
Total Pages : 192 pages
Book Rating : 4.0/5 (446 download)

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Book Synopsis Project Management Accounting by : Kevin R. Callahan

Download or read book Project Management Accounting written by Kevin R. Callahan and published by Wiley. This book was released on 2007-04-06 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Project Management Accounting: Budgeting, Tracking, and Reporting Costs and Profitability "You don't need to be a Six Sigma Black Belt or a CPA to understand the principles and the practical tools presented by Callahan, Stetz, and Brooks in Project Management Accounting. Their approach focuses on sound financial practices that will improve the ROI of your project whether it is your first or your hundred-and-first experience." —Barry Van Dyck, PhD Director of Degree Programs, Executive Education, Mendoza College of Business, University of Notre Dame "Project Management Accounting serves as a solid resource for the project manager seeking to leverage the tools of accounting and finance to maximize the quality of project outcomes." —Jeffrey J. Lampe, CFA Vice President, Hopewell Ventures "Project Management Accounting clearly communicates fundamental accounting principles and applies them skillfully to the field of project management . . . even seasoned accounting managers will likely benefit from the application to project management. Talented project managers will find enough finance and accounting tools to transition toward profit and loss responsibility. This book will serve as a handy reference." —Warren Davidson CEO, Global Source Mfg. "This is a must-read for everyone in business, whether you have made a career in project management, operations, facilities, or anywhere else. Project Management Accounting provides the framework to understand not only how to manage any project, but how the project interacts with the different functions of the company for the overall good. When applied, [this book] will improve the profitability of the company through an understanding of the costs and benefits of each project." —Michael Alte Management Director, ArvinMeritor Today's project managers need to understand finance and accounting concepts in order to make both informed decisions and a greater contribution to their organization. Written for readers with limited business backgrounds, Project Management Accounting is an invaluable guide to successfully performing projects using sound finance and accounting concepts. With the collected insights of authors and respected industry experts Kevin Callahan, Gary Stetz, and Lynne Brooks, Project Management Accounting offers guidance that project managers can use right away to know how to budget appropriately. Brief in presentation and rich in content, Project Management Accounting equips the leaders of today and tomorrow to hit the ground running with a profound business perspective in their current work and in future projects.

Decision Analysis in Projects

Author : John R. Schuyler
Publisher :
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Decision Analysis in Projects by : John R. Schuyler

Download or read book Decision Analysis in Projects written by John R. Schuyler and published by . This book was released on 1996 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Sustainability in Project Management

Author : Mr Adri Köhler
Publisher : Gower Publishing, Ltd.
ISBN 13 : 1409459411
Total Pages : 185 pages
Book Rating : 4.4/5 (94 download)

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Book Synopsis Sustainability in Project Management by : Mr Adri Köhler

Download or read book Sustainability in Project Management written by Mr Adri Köhler and published by Gower Publishing, Ltd.. This book was released on 2012-09-28 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of sustainability has grown in recognition and importance. The pressure on companies to broaden their reporting and accountability from economic performance for shareholders, to sustainability performance for all stakeholders is leading to a change of mindset in consumer behaviour and corporate policies. How can we develop prosperity without compromising the life and needs of future generations? Sustainability in Project Management explores and identifies the questions surrounding the integration of the concepts of sustainability in projects and project management and provides valuable guidance and insights. Sustainability relates to multiple perspectives, economical, environmental and social, but also to responsibility and accountability and values in terms of ethics, fairness and equality. The authors will inspire project managers to be aware of these considerations, and to apply them to the role they play in projects, not just 'doing things right' but 'doing the right things right'.

Management Decision Making

Author : George E. Monahan
Publisher : Cambridge University Press
ISBN 13 : 9780521781183
Total Pages : 760 pages
Book Rating : 4.7/5 (811 download)

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Book Synopsis Management Decision Making by : George E. Monahan

Download or read book Management Decision Making written by George E. Monahan and published by Cambridge University Press. This book was released on 2000-08-17 with total page 760 pages. Available in PDF, EPUB and Kindle. Book excerpt: CD-ROM contains: Crystal Ball -- TreePlan -- AnimaLP -- Queue -- ExcelWorkbooks.

Lean B2B

Author : Étienne Garbugli
Publisher : Étienne Garbugli
ISBN 13 : 1778074006
Total Pages : 225 pages
Book Rating : 4.7/5 (78 download)

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Book Synopsis Lean B2B by : Étienne Garbugli

Download or read book Lean B2B written by Étienne Garbugli and published by Étienne Garbugli. This book was released on 2022-03-22 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Get from Idea to Product/Market Fit in B2B. The world has changed. Nowadays, there are more companies building B2B products than there’s ever been. Products are entering organizations top-down, middle-out, and bottom-up. Teams and managers control their budgets. Buyers have become savvier and more impatient. The case for the value of new innovations no longer needs to be made. Technology products get hired, and fired faster than ever before. The challenges have moved from building and validating products to gaining adoption in increasingly crowded and fragmented markets. This, requires a new playbook. The second edition of Lean B2B is the result of years of research into B2B entrepreneurship. It builds off the unique Lean B2B Methodology, which has already helped thousands of entrepreneurs and innovators around the world build successful businesses. In this new edition, you’ll learn: - Why companies seek out new products, and why they agree to buy from unproven vendors like startups - How to find early adopters, establish your credibility, and convince business stakeholders to work with you - What type of opportunities can increase the likelihood of building a product that finds adoption in businesses - How to learn from stakeholders, identify a great opportunity, and create a compelling value proposition - How to get initial validation, create a minimum viable product, and iterate until you're able to find product/market fit This second edition of Lean B2B will show you how to build the products that businesses need, want, buy, and adopt.