Management Flight Simulators

Management Flight Simulators are the game programs mainly based on System Dynamics principles to train managers to experience and deal with circumstances mimicing the real world. The management flight simulators help managers to learn better decision making in an environment which allows making mistakes and mistakes are costless. The best known of this simulators is People Express Management Simulator developted by MIT. I have recently started to develop a Management Flight Simulator for Project Managers making decisons in multiproject environements. I will keep here posted when the development completes.

Risk versus Uncertainty

In the project management you would hear a lot about management of risk or risk assessment which is basically about taking measures to prevent being less affected by bad events. But is "Uncertainty" the same thing? What is the difference between the risk and uncertainty. For many risk and uncertainty is the same thing. However I think uncertainty is a more general term. Risk is something which you know it but you don't know when, where and how it will happen and how you will be affected. Uncertainty is about lack of information. It can be a risk which you don't know much information about it, but it encompass much more things. Uncertainty can exist in the requirements of the project, uncertainty can exist in that you don't know who is your project stakeholders or uncetainty may exist in that you don't know how your customer will be satisfied with the outcome of the project. Management of risk is comparatively well addressed in project management but management of uncertainty is still an undeveloped area in ptoject management.