If you are reading this, you probably engage in professional networking on social media. And if you are like me, you have been engaging for a very long time.
The motivation is probably similar to mine. You want to learn and understand what’s going on in your profession, your industry, your community – and probably the world at large – so you can remain aware and up to date on the latest information and knowhow. Continue reading
Process audits are highly focused, but their effective techniques are not always understood. Because there is no sanctioned process audit standard, anyone can claim to be doing process audits. Also, the use of process auditing techniques such as tracing is not limited to process audits or process-based management systems. Continue reading
Overview
The cost of delay on technical projects averages tens of thousands of dollars per day in lost profit. This briefing describes a project management approach called Rapid Iterations Project Management (RIPM), which is optimized for speed and efficiency with the assumption that project requirements will be changing for a period of time. RIPM utilizes elements of Agile, Lean, Kanban and general project management best practices combined – yielding an optimal methodology for rapid development with changing requirements. Continue reading
A Firm Fixed Price (FFP) contract is a commonly used one by the government because the price is fixed and not subject to change unless the scope changes. The government assumes very little risk while the contractor assumes the majority of the risk. But if you want to play in the sand box and the RFP (request for quote) requires an FFP contract then the contractor has to bid it that way and hopefully has included adequate risk budget in the price. This is a story about an FFP contract that did not work out well for my company resulting in serious consequences. Continue reading
In other pieces the Lloyd’s of London City Risk and the Natural Hazard Mitigation Saves studies were discussed. It was noted that both studies provide an assessment of the costs associated with the adverse impact of risk events. The Natural Hazard study focused on natural Hazards, while the Lloyd’s study incorporates both man-made and natural hazard risk events. Continue reading