Every action or deliverable that is added to any project creates a change. This could be just a few minutes or can be an entirely different direction that the project is expected to flow. Each change requests something, perhaps time, perhaps money, perhaps additional workers or materials. These requests delay the projects original date of delivery.
Archive | October, 2010
With proper environmental scanning, financial forecasting is more accurate. The trends are usually good indicators that the environmental market is responsive or active. Environmental factors influence managers. These indicators provide warning signals and when carefully studied can help managers make effective decisions.
Beware of hidden costs in catchy phrases.
Over the last few decades commerce has changed from being biased towards tangible assets (such as factories, stock, property and physical products) to more intangible assets (such as intellectual property, marketing brands, IT systems and the data that resides in them). Research from the US, has shown that the average market-to-book ratio of companies in […]
Dear Readers, As you can see by the title on this blog I am in Dallas today, daring to compare business intelligence to a rodeo, where the cattle are the different company divisions and the lariats the metrics that are used to report on performance. In one of my previous postings I discussed the feasibility […]
When I was a grad student many years ago, I subsidized my studies doing part-time statistical and programming consulting at the university. I’d generally be presented with data on magnetic tape to read, organize and analyze by a research group conducting research. At that time, my “platform” was Fortran, PL/I and SAS on an IBM […]