Document Type : Lesson Learned
Department of Open Banking Solutions, Dotin Co., Tehran, Iran.
Unanticipated changes can have profound impacts on the organization and its stakeholders, requiring rapid and effective responses. One of the common consequences of unanticipated changes is that the organization may have to deal with new large scale projects that were not part of its original plans or priorities. Project managers need to be able to anticipate and respond to these uncertainties by predicting the possible outcomes of their decisions and actions. Predicting the possible outcome is a process of estimating the likelihood and impact of various scenarios that may occur during the project lifecycle. It helps project managers to identify risks, opportunities, and alternatives, as well as to plan, monitor, and control the project effectively. This paper aims to explore the importance of predicting the possible outcome in the era of uncertainty in the project management as well as understanding the technical challenges ahead. We review the literature on the concepts, methods, and tools for predicting the possible outcome, and discuss the benefits and challenges of applying them in practice. We also provide some recommendations and suggestions for future research and development in this area.