Course Description
This practical 3-hour workshop introduces the fundamentals of Game Theory and its real-world applications in project management and daily professional decision-making. The session is specially designed for professionals involved in projects, teamwork, negotiations, planning, coordination, and stakeholder management.
The workshop explains how people and organizations make strategic decisions when multiple parties with different interests are involved. Through simple explanations and practical examples, participants will learn how Game Theory concepts can improve communication, negotiations, collaboration, conflict handling, and decision-making within project environments.
The session avoids complex mathematics and instead focuses on practical understanding, interactive discussions, workplace examples, and day-to-day applications relevant to project management and organizational environments.
Participants will explore important Game Theory concepts such as Prisoner’s Dilemma, Nash Equilibrium, Dominant Strategies, cooperation vs competition, and methods of “Changing the Game” to create better project outcomes and win-win situations.
Key Topics Covered
- Introduction to Game Theory
- Key Concepts – Prisoner’s Dilemma, Nash Equilibrium, Dominant Strategies etc.
- Changing the Game
- Practical Applications in Project Management
Learning Objectives
By the end of the workshop, participants will be able to:
- Understand the basic principles of Game Theory in a practical manner
- Identify strategic interactions in workplace and project environments
- Apply Game Theory concepts to improve project decision-making
- Analyze stakeholder behavior and competing interests
- Improve negotiation and conflict resolution skills
- Develop collaborative and win-win approaches in projects
- Apply strategic thinking to day-to-day management situations