This is something perfectionists would love! You don’t make any decisions until you have 99% of the knowledge. Sometimes you can do that and sometimes you have to do that. At other times it would be disastrous! Can you think of examples?
You could say it’s a very prudent or safe way of managing the project. What are the advantages? The risks?
Now, last of all, let’s look at this:
Formula 1 drivers and downhill skiers would like this! You make 80% of the decisions with only 20% information!
But sometimes the only way to go. When? Why?
Risks? Advantages? Give it a thought.
Now we’ve finished with the introduction and we can look at the project cycle.