Management is not a one-sided coinage, it has an upside and a downside, and all is perceived and judged on the level of the conscious mind. It is about maximising gain while minimising loss in all its forms significant to stakeholders. It is at the basis of commercial activity and inseparably dances together like conjoined associates born out of management exercising choice. Continue reading
Since the beginning of recorded history, great leaders of engagements have known two things; 1) Time is the enemy with speed and decisiveness in making a decision being an advantage and 2) there is no such thing as the perfect plan. Therefore the ability to adapt as circumstances unfold is critical to success.
Sun Tzu, a military strategist in the 6th century BC and known for his writings on military doctrine in “The Art of War”, recognized and understood the importance of speed and planning very well. Continue reading
As professionals we all have some notion of the concept of risk even if we do not understand the technical assessment tools and mathematics involved with the more challenging risk assessment processes. To manage anything in isolation is not the most successful approach and it is just as true of managing risk. Why do we put so much management attention on the downside risk issues and often ignore the upside which is prospect? Continue reading
There is a powerful 4-part solution to addressing skepticism and risk aversion. You will see the need for this, if you stop for a moment and consider…
Did you ever buy a used car? Do you remember what the weather was like that day? Hopefully, you didn’t make the same mistake I made…. Continue reading
My personal insights on Asset Management
NOTE: This post will be a little different from my normal posts. Instead of discussing a specific topic, I will be covering my journey in understanding Asset Management and some key takeaways from the journey.
My Journey in Asset Management
I first heard about asset management when I came across PAS55, a Public Available Standard from the UK. I was trying to find some information on a cross-functional maintenance program. As I briefly read about it, I was intrigued and started to read about more asset management. It was exactly what I was looking for. Continue reading