Effective Project Decision-Making

Below, we focus on aids to R D project planning and process improvement, exploring the extent to which IT really can help managers to be more effective in decision making through simulation that fosters the ability to... 

The sample data are never qualified based on field duplicate precision, and the information gained from the evaluation of soil duplicates usually does not have any effect on project decision-making. The only situation, when these data may... 

Environmental impact statement A document required of federal agencies by the National Environmental Policy Act for major projects or legislative proposals significantly affecting the environment. A tool for decision-making, it describes the positive and negative effects of the undertaking and cites alternative actions. 

Broader issues also should be considered. One is the severity and impact of the effect and how easy it would be to monitor and reverse the toxicity in clinical trials. The therapeutic indication is important, particularly when assessing if the toxicity is tolerable for the disease indication. For example, a low-grade toxicity may be acceptable as a side effect of a cancer drug, yet it may be completely intolerable with a drug designed to control obesity. More broadly, the company s overall portfolio balance and how much risk the company is prepared to accept for the particular project come to bear on decision making. 

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