|
|
|
|
|
Game Theory – From the perspective of a project team
|
|
|
1 Introduction In a project, people having various roles and responsibilities of executing the project at different level, have the control and impact on the project at varying stages. Each of them (Project Members) can affect the project in many ways. The successful navigation of the project depends a lot on each of them. The contribution of each of them in a holistic view gives a greater picture than when seen it as an individual contributions from each of them. In this paper, we have presented a project, comprising of a Customer, a Project Manager, a Quality Coordinator and a Team Member. Smooth sailing of a project requires co-operative contributions and interactive activities and interactive initiatives taking place at each players level and hence the strategies followed by each of the project member makes it that more critical for a project’s successful completion and implementation. The set of activities and strategies pursued by each player in the project can be identified and related to courses of actions involved in a game and hence a project composition can be identified as a bunch of players and the interactive situation in the project can be considered as a game. Our effort in this paper is a small step to discuss about the application of Game Theory to a project scenario, to determine the strategy followed by each of the players, such that each one of them gains highest returns and also everyone’s interest is preserved implicitly leading to successful completion of the project. 2 Assumptions: ü A successful completion of a project is mainly a function of three parameters namely cost incurred, time taken to complete the project and bugs involved. ü Payoff for each player largely depends on the preferences to the above-mentioned parameters. ü In a scale of 10, depending on the preferences of the player, following figures can be assigned to parameters of the project outcome for each of the players.
|
|
|
|
Still Can't Find What Your Looking For? Then Try a Essay Search!
|
