{"id":"https://openalex.org/W2018964643","doi":"https://doi.org/10.1061/(asce)0742-597x(2004)20:4(134)","title":"Exploiting Opportunities in Uncertainty During the Early Project Phase","display_name":"Exploiting Opportunities in Uncertainty During the Early Project Phase","publication_year":2004,"publication_date":"2004-10-01","ids":{"openalex":"https://openalex.org/W2018964643","doi":"https://doi.org/10.1061/(asce)0742-597x(2004)20:4(134)","mag":"2018964643"},"language":"en","primary_location":{"id":"doi:10.1061/(asce)0742-597x(2004)20:4(134)","doi":"https://doi.org/10.1061/(asce)0742-597x(2004)20:4(134)","is_oa":false,"landing_page_url":"https://doi.org/10.1061/(asce)0742-597x(2004)20:4(134)","pdf_url":null,"source":{"id":"https://openalex.org/S144495243","display_name":"Journal of Management in Engineering","issn_l":"0742-597X","issn":["0742-597X","1943-5479","9742-597X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","cwts-core","dongbi-a","fnege-3","jufo-1","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315747","host_organization_name":"American Society of Civil Engineers","host_organization_lineage":["https://openalex.org/P4310315747"],"host_organization_lineage_names":["American Society of Civil Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management in Engineering","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5058754279","display_name":"Bj\u00f8rn Johs. Kolltveit","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Bj\u00f8rn Johs. Kolltveit","raw_affiliation_strings":["Associate Professor, PhD, Norwegian School of Management, P.O. Box 580, 1302 Sandvika, Norway. Email: bjorn.kolltveit@bi.no"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Associate Professor, PhD, Norwegian School of Management, P.O. Box 580, 1302 Sandvika, Norway. Email: bjorn.kolltveit@bi.no","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5000804502","display_name":"Jan Terje Karlsen","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jan Terje Karlsen","raw_affiliation_strings":["Associate Professor, PhD, Norwegian School of Management, P.O. Box 580, 1302 Sandvika, Norway. Email: jan.terje.karlsen@bi.no"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Associate Professor, PhD, Norwegian School of Management, P.O. Box 580, 1302 Sandvika, Norway. Email: jan.terje.karlsen@bi.no","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5069417623","display_name":"Kjell Gr\u00f8nhaug","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I931913249","display_name":"Norwegian School of Economics","ror":"https://ror.org/04v53s997","country_code":"NO","type":"education","lineage":["https://openalex.org/I931913249"]}],"countries":["NO"],"is_corresponding":false,"raw_author_name":"Kjell Gr\u00f8nhaug","raw_affiliation_strings":["Professor, Norwegian School of Economics and Business Administration, Helleveien 30, 5045 Bergen, Norway: Email: kjell.gronhaug@nhh.no"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Professor, Norwegian School of Economics and Business Administration, Helleveien 30, 5045 Bergen, Norway: Email: kjell.gronhaug@nhh.no","institution_ids":["https://openalex.org/I931913249"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.3164,"has_fulltext":false,"cited_by_count":42,"citation_normalized_percentile":{"value":0.90598777,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"20","issue":"4","first_page":"134","last_page":"140"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.7695000171661377,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.7695000171661377,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10395","display_name":"Construction Project Management and Performance","score":0.23010000586509705,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11729","display_name":"Product Development and Customization","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/project-uncertainty","display_name":"project uncertainty","score":0.8420000076293945},{"id":"https://openalex.org/keywords/early-project-phases","display_name":"early project phases","score":0.9810000061988831},{"id":"https://openalex.org/keywords/opportunity-exploitation","display_name":"opportunity exploitation","score":0.6150000095367432},{"id":"https://openalex.org/keywords/project-risk","display_name":"project risk","score":0.5879999995231628},{"id":"https://openalex.org/keywords/profit-potential","display_name":"profit potential","score":0.7860000133514404},{"id":"https://openalex.org/keywords/project-strategy","display_name":"project strategy","score":0.9819999933242798},{"id":"https://openalex.org/keywords/project-management","display_name":"project management","score":0.6579999923706055}],"concepts":[{"id":"https://openalex.org/C15952604","wikidata":"https://www.wikidata.org/wiki/Q179012","display_name":"Project management","level":2,"score":0.623583972454071},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.6021468043327332},{"id":"https://openalex.org/C44280652","wikidata":"https://www.wikidata.org/wiki/Q104837","display_name":"Phase (matter)","level":2,"score":0.5315342545509338},{"id":"https://openalex.org/C177803969","wikidata":"https://www.wikidata.org/wiki/Q29205","display_name":"Uncertainty analysis","level":2,"score":0.4551331102848053},{"id":"https://openalex.org/C98184364","wikidata":"https://www.wikidata.org/wiki/Q1780131","display_name":"Argument (complex analysis)","level":2,"score":0.4479302763938904},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.43112850189208984},{"id":"https://openalex.org/C539667460","wikidata":"https://www.wikidata.org/wiki/Q2414942","display_name":"Management science","level":1,"score":0.4095415472984314},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3820083737373352},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.34569263458251953},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3398562967777252},{"id":"https://openalex.org/C195094911","wikidata":"https://www.wikidata.org/wiki/Q14167904","display_name":"Process management","level":1,"score":0.33927732706069946},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.33307939767837524},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.2992727756500244},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.16432583332061768},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.12198293209075928},{"id":"https://openalex.org/C44154836","wikidata":"https://www.wikidata.org/wiki/Q45045","display_name":"Simulation","level":1,"score":0.08017969131469727},{"id":"https://openalex.org/C178790620","wikidata":"https://www.wikidata.org/wiki/Q11351","display_name":"Organic chemistry","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1061/(asce)0742-597x(2004)20:4(134)","doi":"https://doi.org/10.1061/(asce)0742-597x(2004)20:4(134)","is_oa":false,"landing_page_url":"https://doi.org/10.1061/(asce)0742-597x(2004)20:4(134)","pdf_url":null,"source":{"id":"https://openalex.org/S144495243","display_name":"Journal of Management in Engineering","issn_l":"0742-597X","issn":["0742-597X","1943-5479","9742-597X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","cwts-core","dongbi-a","fnege-3","jufo-1","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315747","host_organization_name":"American Society of Civil Engineers","host_organization_lineage":["https://openalex.org/P4310315747"],"host_organization_lineage_names":["American Society of Civil Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management in Engineering","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9","score":0.44999998807907104}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":10,"referenced_works":["https://openalex.org/W423459375","https://openalex.org/W611631785","https://openalex.org/W1494931187","https://openalex.org/W1988385300","https://openalex.org/W2056423278","https://openalex.org/W2071770291","https://openalex.org/W2160218992","https://openalex.org/W2169062054","https://openalex.org/W2810568105","https://openalex.org/W2983846787"],"related_works":["https://openalex.org/W2074284294","https://openalex.org/W2518357873","https://openalex.org/W2474062131","https://openalex.org/W4242547172","https://openalex.org/W628384833","https://openalex.org/W1482606556","https://openalex.org/W2045933404","https://openalex.org/W4405944325","https://openalex.org/W2160218992","https://openalex.org/W7221216492"],"abstract_inverted_index":{"The":[0,46],"early":[1,43],"project":[2,44,90,106],"phase":[3],"is":[4,20,49,56,65],"associated":[5],"with":[6],"uncertainty.":[7,62],"In":[8],"past":[9],"literature":[10],"on":[11],"projects":[12,55,85],"as":[13,15,24],"well":[14],"in":[16,33,40],"business,":[17],"uncertainty":[18,73,77,97],"(risk)":[19],"often":[21],"conceived":[22],"of":[23,54,61,72,79,82,89],"something":[25],"unpleasant":[26],"that":[27,50,87],"should":[28],"be":[29],"avoided.":[30],"This":[31],"paper,":[32],"contrast,":[34],"points":[35],"at":[36],"unexploited":[37],"opportunities":[38],"embedded":[39],"this":[41],"uncertain":[42],"phase.":[45],"key":[47],"argument":[48],"the":[51,76],"profit":[52,102],"potential":[53],"inversely":[57],"related":[58],"to":[59,74],"degree":[60],"A":[63],"distinction":[64],"made":[66],"between":[67],"internal":[68],"and":[69,99],"external":[70],"sources":[71],"capture":[75],"profile":[78,98],"projects.":[80],"Analysis":[81],"four":[83],"large-scaled":[84],"shows":[86],"choice":[88],"strategy":[91],"can":[92],"alter":[93],"dramatically":[94],"a":[95],"project\u2019s":[96],"thus":[100],"its":[101],"potential.":[103],"Implications":[104],"for":[105],"management":[107],"are":[108],"highlighted.":[109]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":3},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":1}],"updated_date":"2026-09-13T09:14:26.050021","created_date":"2016-06-24T00:00:00"}
