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Project Management Blog
Thursday, 17 May 2007 15:32

Deming's 4th Point in Project Management

Consider Costs and Benefits of the Entire System and Deliverable Lifetime

The textbook wording of this point varies, but is usually something like “Stop making decisions purely on the basis of cost.” When I read the various descriptions however, I believe the textbook title is not an adequate summary.

When Deming talks about not making decisions purely on the basis of cost, he is referring to a plant perspective and talks about the importance of having regular suppliers.

Published in Blogs
Thursday, 08 March 2007 04:04

Risk Management - the Other Dimension

The issue of risks on projects is considered a critical issue for the successful completion. Often, delays, cost overruns and claims are attributed to the absence or inadequacy of a risk management exercise. In a large and complex project, a risk management exercise was run. In the process of evaluating the risks, a new dimension was proposed in order to ensure adequacy of the exercise. The exercise originally followed the well documented steps of risk management. This included:
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