Are Your Competitors Reading Your E-mails?
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Are Your Competitors Reading Your E-mails?

Posted on Mar 28, 2010 by George F Huhn
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I do a lot of work in industries where there is a tremendous amount of proprietary and confidential information passed around in mountains of documents. It is the type of information that might help a competitor tremendously to shorten their development and cycle times considerably. So, you’d think that these companies would be among the […]

Please Don’t Take My Subjectivity Away!
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Please Don’t Take My Subjectivity Away!

Posted on Feb 22, 2010 by George F Huhn
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“Does it make the decision for me?” That’s a question that somebody asked me again last week, and it is a question that I hear often from people when I tell them about our software. Underneath this question there is an unspoken worry that using a decision analysis tool will somehow override their often very […]

Happy 100th Anniversary of the Gantt Chart!
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Happy 100th Anniversary of the Gantt Chart!

Posted on Jan 25, 2010 by George F Huhn
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The Gantt chart was introduced to the world by Henry Laurence Gantt between 1910 and 1915. He described his invention quite simply in his book Organizing for Work published in 1919: “…the following principles upon which this chart system is founded are easily comprehended: First: The fact that all activities can be measured by the […]

Is Your Cost-Saving Project Worth The Cost?
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Is Your Cost-Saving Project Worth The Cost?

Posted on Jan 13, 2010 by George F Huhn
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If you’re trying to sell a big cost-saving project to senior managers, then you are likely to be competing against a lot of other big projects, including sales and marketing and new product development projects. Chances are that you’re going to need to sell your project to people who don’t necessarily have the background to […]

The Value and Costs of Not Doing a Project Aren’t Necessarily Zero
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The Value and Costs of Not Doing a Project Aren’t Necessarily Zero

Posted on Jan 4, 2010 by George F Huhn
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If you don’t know the values and costs of not executing your projects then you’re probably not maximizing the value of your project portfolio and you may be working on the wrong projects. In literally a textbook-changing article in the INFORMS journal Decision Analysis (December 2009) entitled “On the Choice of Baselines in Multi-attribute Portfolio Analysis: A Cautionary Note,” Robert […]

How You Fold Your Junk Matters
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How You Fold Your Junk Matters

Posted on Dec 22, 2009 by George F Huhn
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Remember how mapping the human genome was going to lead to cures for different genetic diseases? The idea was pretty simple: compare the genes of healthy people to the genes of people with diseases ranging from cancers to allergies and – voila – fix the genes that were making them sick. Instant cures, right? Well, maybe […]

Health Care Reform and the Sunk Costs of a Good Idea
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Health Care Reform and the Sunk Costs of a Good Idea

Posted on Dec 17, 2009 by George F Huhn
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Sunk costs are the costs that have already been incurred and cannot be recovered. We aren’t supposed to consider sunk costs when making rational investment decisions, only the future costs. But people do anyway. How many times have you heard someone say, “Well, since we’ve already spent this much on it, we might as well […]

Are Your Gantt Charts Chiseled in Stone?
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Are Your Gantt Charts Chiseled in Stone?

Posted on Dec 10, 2009 by George F Huhn
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Good project execution is essential to achieving the strategic goals of a company, but most companies either don’t measure it or don’t measure it well. In companies where the quality of project management execution is assessed at all, it is usually measured against meeting budget, timing, and resource objectives that were often ill-conceived to start with. […]

Hey Kid, Wanna Roll Some Dice?
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Hey Kid, Wanna Roll Some Dice?

Posted on Dec 5, 2009 by George F Huhn
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In spite of the fact that counting, numbers, and games of chance have been around for millenniums, it wasn’t until the middle of the 17th century when three Frenchmen, Blaise Pascal, Pierre de Fermat, and Chevalier de Méré, developed the foundations for modern probability theory. So even though probability theory seems obvious to us today, it was relatively late […]

Is It Worth The Costs To Stop Global Warming?
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Is It Worth The Costs To Stop Global Warming?

Posted on Nov 26, 2009 by George F Huhn
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The debate over global warming is heating up again. A group of allegedly stolen e-mails is giving fuel to the fire to those who believe that global warming caused by human activities or Anthropogenic Global Warming (AGW) is a scientific fraud of massive proportions. However, the question shouldn’t be whether or not global warming is caused by […]