Adaptive Management As Part of Project Decision AnalysisPrinciples of Adaptive ManagementPrinciple 1: Use actual project data in combination with original assumptionsPrinciple 2: Minimize the cost of decision reversals. (“Try not to kill the cow.”)252Principle 3: Make small, sequential decisionsPrinciple 4: Support creative business environmentsPrinciple 5: Identify and fix problems early (avoiding behavioral traps)The PMBOK® Guide Approach to Project Executing, Monitoring, and Controlling