Posted on December 2, 2015 at 5:08pm
This is the first of four articles based on Leonard Mlodinow's book, The Drunkards Walk; looking at probability, in the next article we will look at randomness, and then how this affects everything in project controls and business. For example, does the Rugby Union win this week prove that New Zealand are a better team than Australia? Maybe not! The central claim in The Drunkards Walk is…Continue
Posted on October 31, 2015 at 7:50pm — 1 Comment
I was recently involved in a virtual discussion on the Association for Project Management (APM - UK) website around the use and differences between a Product Breakdown Structure (PBS) and a Work Breakdown Structure (WBS). The resulting briefing document produced by the APM is summarised here with some additional commentary.
The concept of a WBS goes back to the development of PERT, in the USA, in the1950s (if not earlier) and is integral to the concept of Earned…Continue
Posted on September 8, 2015 at 6:22am
A couple of conversations in the last week or so has highlighted the importance of effective communication if you want anyone to take notice of the project information you have carefully gathered and analysed. Good data, good analysis and good information are useless if no one gets the message.
Far too many project controls professionals and project managers think they have done their job once the data has been gathered, analysed and the information developed to facilitate an…Continue
Posted on August 9, 2015 at 6:21am