Automating the supply chain is crucial to the future of the industry, but humans will never be replaced. People have always been and will continue to be the drivers of these processes. Instead of eliminating the human employees, supply chain technology is moving humans from the repetitive data entry and numbers crunching tasks to more intelligent supply chain decision making, enabled by smart data and technology support. Continue reading
#213 – KISS: A PRINCIPLE FOR PROPER PROJECT PLANNING – MALCOLM PEART
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KISS, “Keep It Simple, Stupid” is a US Navy principle from the 1960’s advocating that systems function best if they are kept simple rather than made complicated and that unnecessary complexity should be avoided.
In our politically correct world ‘stupid’ is often taken as an insult and ‘keep it short and simple’ or ‘small and simple’ is often substituted. ‘Stupid’ is not an insult, it’s a warning! It takes a bright person to keep things simple, particularly when it’s easier to have a complex mess under the guise of sophistication. Projects inevitably become complicated as they develop which increases the risk of potential failings. Continue reading
#213 – RAPID ITERATIONS PROJECT MANAGEMENT – GARY HINKLE
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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
#213 – FIRM FIXED PRICE CONTRACTS CAN BE RISKY – JOHN AYERS
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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
#213 – RESPONSES TO ISO DISRUPTION – GREG HUTCHINS
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We have focused over the last 5 years on transforming business models using tailored risk-control frameworks. This is also part of our digitization effort.
In this week’s post, we continue our discussion of the ISO/Quality disruption. Hopefully, we are going to offer a few suggestions of what one association and one Certification body are doing. Continue reading
