Fri, 18 Jun 2021 13:14:10 GMT Game Theory in Management https://www.ProjectManagement.com/blogs/273316/Game-Theory-in-Management Modelling Business Decisions and their Consequences What To Do If Your Mazda Turns Into A Pterodactyl https://www.ProjectManagement.com/blog-post/69474/What-To-Do-If-Your-Mazda-Turns-Into-A-Pterodactyl- Tue, 15 Jun 2021 03:18:50 GMT When I saw ProjectManagement.com’s theme for June, Problem Solving/Wicked Problems, I asked myself what, exactly, makes a given problem “wicked,” by which I assumed to mean “excessively difficult,” as opposed to a problem that goes away if you pour water on it, as in Th... The Good PM/Bad PM Poker Game https://www.ProjectManagement.com/blog-post/69412/The-Good-PM-Bad-PM-Poker-Game Tue, 08 Jun 2021 03:42:28 GMT Referring to GTIM’s derivative of the Pareto Principle, that the 80th percentile best managers with access to 20% of the information needed to obviate a given decision will be consistently out-performed by the 20th percentile worst managers with access to 80% of the information so needed, I wo... The Management Fad Litmus Test https://www.ProjectManagement.com/blog-post/69307/The-Management-Fad-Litmus-Test Tue, 25 May 2021 04:04:03 GMT In last week’s blog I asked whatever happened to “life cycle estimating,” and essentially made the point that it was a management fad, similar in performance and (ironically) life cycle to other management fads. Conventional wisdom holds that whether or not a given hypothesis in th... PMI®, The Movie https://www.ProjectManagement.com/blog-post/69207/PMI---The-Movie Tue, 18 May 2021 03:53:40 GMT GTIM Nation knows of my theory that there are three kinds of management, each with its own goals and Management Information System (MIS) needs: Asset Management seeks to “maximize shareholder wealth,” and uses the General Ledger as its main information source, Project Management ... What Ever Happened To "Life-Cycle Cost Estimating?" https://www.ProjectManagement.com/blog-post/69151/What-Ever-Happened-To--Life-Cycle-Cost-Estimating-- Tue, 11 May 2021 02:48:22 GMT GTIM Nation is well aware that, in my self-appointed role of defense-against-management-fads guard dog, I have snarled at, barked at, and thrown up on several popular initiatives, mostly contra risk management (no initial caps), misapplication of Generally Accepted Accounting Principles, and those w... Avatar: The Last Project Bender https://www.ProjectManagement.com/blog-post/69113/Avatar--The-Last-Project-Bender Tue, 04 May 2021 02:48:21 GMT Avatar: The Last Airbender was an American animated television show that first aired in 2005. In the show’s world, the map is divided among four nations, each associated with a basic element – earth, air, fire, and water. Certain rare individuals within these nations can “bend&rdqu... Pay No Attention To The Earned Schedule (Straw) Man Behind The Curtain! https://www.ProjectManagement.com/blog-post/69048/Pay-No-Attention-To-The-Earned-Schedule--Straw--Man-Behind-The-Curtain- Tue, 27 Apr 2021 02:23:45 GMT When an author attempts to advance a theory under the auspices of Management Science using obvious sophistry, I immediately know two things: The theory has not been proven, or even logically advanced past the hypothetical phase, and Any practitioner of the legitimate hard sciences is fully j... I Don't Even Know The Words To The Katalina Matalina Song! https://www.ProjectManagement.com/blog-post/68997/I-Don-t-Even-Know-The-Words-To-The-Katalina-Matalina-Song- Tue, 20 Apr 2021 15:49:42 GMT In the Steve Martin movie The Man With Two Brains, Martin’s character, Dr. Hfuhruhurr (you’ll need to see the movie to hear how it’s pronounced) is pulled over by the Austrian police while driving at excessive speeds. They perform a field sobriety test that includes the following s... The Great Earned Value Versus risk management(i) Showdown https://www.ProjectManagement.com/blog-post/68891/The-Great-Earned-Value-Versus-risk-management-i---Showdown Tue, 13 Apr 2021 02:30:37 GMT Regular members of GTIM Nation know of my disdain for risk management (no initial caps) as currently practiced; however, there is no truth to the rumor that I stated that it is a total and complete waste of time, it only serves to muddy the Management Information System (MIS) waters, or that I have ... "Thanks, Captain (Strikethrough) Lt. Commander Obvious!" https://www.ProjectManagement.com/blog-post/68832/-Thanks--Captain--Strikethrough--Lt--Commander-Obvious-- Tue, 06 Apr 2021 03:02:36 GMT In the television series Star Trek, The Next Generation (TNG), one of the main characters throughout its run was Lt. Commander Deanna Troi, played by Marina Sirtus. She was half-human, half-Betazoid, a species with telepathic abilities. As “ship’s counselor,” she occupied a chair o...