Software Project Managers’ Risk Preferences

Authors

Thomas W. Lauer, Decision and Information Sciences Department, School of Business Administration, Oakland University, Rochester, MI 48309–4401, USA

Document Type

Research Article

Abstract

A questionnaire was administered to 68 software project managers (SPMs). Questions were designed to test whether SPMs’ risky judgments were more consistent with Expected Utility Theory or Prospect Theory. Although the results were more consistent with Prospect Theory, they differed in important ways showing SPMs’ judgments to be less homogeneous than is assumed by either theory. These results highlight the potential importance of SPMs’ judgments to the outcome of software development projects.

DOI

10.1177/026839629601100403

Recommended Citation

Lauer, Thomas W. (1996) "Software Project Managers’ Risk Preferences," Journal of Information Technology: Vol. 11: Iss. 4, Article 3.
DOI: 10.1177/026839629601100403
Available at: https://aisel.aisnet.org/jit/vol11/iss4/3