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

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

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 honesty. This makes...

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

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

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, on the contrary, is ...

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

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

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 your control. Epict...

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 ask me why the name...

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

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 strategy to choose,” then ...

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

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

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

It seems like everywhere you turn, you can find someone talking about data. Data science, big data, databases, etc. Likely, when you think about “data”, 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 creatively about sources o...

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

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

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