Game Theory as a Tool of Project Management

Abstract

The primary purpose of the article is defining game theory as one of the creative methods of successful managing of communication risks at educational projects of different types and sizes, with respect to economic and management specifics of post-crisis Czech Republic. We will use critical analysis of literature and information sources, qualitative analysis by structured interviews and by questionnaires, the analysis of available and validated results within the research on features of project managers and their competencies, which are available and described in more detail within the annual report of the KEGA project No. 003/DTI-4/2014. Finally we use synthesis of the above mentioned findings and facts to answer the research question and to confirm the Bilton and Cumming's hypothesis. From the examples mentioned in presented paper will be clear, that game theory has its place in project management.