Amidst the ongoing COVID-19 outbreak, there is a lot of uncertainty in the business world. Shops are temporarily closing their doors,...

Here are some lessons that I have learned since starting my consulting company. 1. Networking is super important. It almost seems like a...

When I was young, (in my teens, I think), my grandfather told me that to be successful, you need three things: competence, hard work, and...

In a previous post, I wrote about how the ancient philosophy of Stoicism can help us with risk management by categorizing things by what...

In previous blog posts, we have discussed risk management. Risk management involves making decisions about what measures to take to...

One of my favorite passages from the great economist Adam Smith is where he describes the so-called “Man of System”: “The man of system,...

In a recent blog entry, I wrote about the importance of recognizing what is within your control and what is outside of your control....

Recently, I have been exploring topics on planning and control, which are relevant to business because effectively running and managing a...

One of the core tenants of the ancient philosophy of Stoicism was that some things are under your control, and other things are not under...

Sometimes people ask me why, after getting my Ph.D., I did not go into a “research” field, such as a job in academia. Other times, people...

Roughly half of projects finish behind schedule (and many end up over-budget too). Given the importance of projects to businesses and the...

If, in the course of your work day, you have ever thought, “I sure wish I had some help with this project,” or “I’m not sure which...

In the previous two posts, we explored the concept of value. To recap, we first discussed the relationship between utility and value,...

In out last entry, we explored the nature of value, and the relationship between value and the related concept of utility. We concluded...

Terms that are used frequently in decision making include “utility” and “value”. Value tends to be a particularly difficult concept, and...

It seems like everywhere you turn, you can find someone talking about data. Data science, big data, databases, etc. Likely, when you...

In a previous post, I wrote about the value of using scenarios to inform decision making. Scenarios can be used as a tool to think...

The decisions that we make do not exist within a vacuum – they typically affect other stakeholders, and we often need to gather the input...

Sometimes I am asked about the differences between qualitative and quantitative risk assessments, so I thought I would write up a blog...

The world of risk analysis contains a fair amount of confusing terminology, especially when it comes to analysis – what is the difference...