Markita Andrews, a determined Girl Scout, had a singular mission—to bring her mother's dream of traveling the world to life. She chose to sell cookies in a contest sponsored by the ... Read More
project management
Secrets to Success of Organizational Transformation —
Secrets to Success of Organizational Transformation —
Secret Number 3: Empowerment
One great pleasure I enjoy in my profession is mentoring. I was a research guide and mentor for a few years at a local university. Under my direction, a small team of 3 – 5 ... Read More
Secrets to Success of Organizational Transformation —
Secret No. 2: Leadership
Organizational transformation is more about transforming people than organizations. Successful transformations are a result of desired change in people’s habits, not the other way ... Read More
Secrets to Success of Organizational Transformation —
Secret No. 1: Purpose
A woman walks into a virology laboratory as a visitor. She notices a group of people in their white lab coats looking deeply into their respective microscopes. She gently taps on ... Read More
Real Options Valuation: A Novel Approach to Make the Right Decisions at the Right Time
This is one of the earliest examples of a real options contract, wherein Thales bought an option—a right, but not an obligation—to rent the presses, the underlying risky asset. ... Read More
The Good, the Bad and the Ugly “Risk Debt” in Risk Management
Debt: You can’t live with it, and you can’t live without it! Who likes writing checks for home mortgage, car payments, student loans, etc.? But without debt, most of us can’t ... Read More
Four Types of Project Risks You Can’t Afford to Ignore
Do you set an alarm to wake up in the morning? Many of us do. We want to minimize the likelihood of showing up late at work or missing an early morning flight. Being aware or not, ... Read More
Managing Variability Risk—a Virtually Guaranteed Risk
“How long does it take to go to the airport?” This is a question my out-of-town guests frequently ask. I suppose they want to budget enough time for their taxi or Uber trip to ... Read More
Ambiguity Risk: What Is It & How to Manage It?
How many times have you heard the usual “noes”? You pitch a new product idea or solution to a problem to your boss, an executive, or a committee with decision making authority. ... Read More
Six Key Strategies to Manage “Known Unknowns”
Whereas the term “unknown unknown” has become part of the business lexicon lately, you seldom come across with “known unknowns.” Except in project management and strategic ... Read More