Evaluating Desert Restoration for the United Nations Environmental Program
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Where Standards are Worth Over $1 Billion
Hubbard Decision Research showed how standards are worth more than $1 billion per year in the insurance industry. ACORD is a not-for-profit association created by the insurance industry to facilitate the development of standards for its members.
Snow Daze
It has been a heck of a winter for Portland, OR. The city has had nine school closure days due to snow and other winter weather. Per local reports, the metro area has been effectively shut down on many of these days. Portland’s transportation bureau budgets $300K a year for materials to respond to winter storms, and has 55 snowplows. In contrast, Portland’s GDP is $160 B/year which translates to $635 MM per work day.
At first blush, there is an intuitive sense that spending a fraction of a percent of one day’s GDP is going to be less than the optimal amount, but there are some mitigating factors. (more…)
Project Management/Project Risk is the #1 Measurement Challenge
According to our recently completed “Measurement Challenges” survey, project risk and project management-related issues are the #1 most frequently identified measurement challenges, followed closely by change management and organizational transformation. The survey also showed that while only half have received training to address these problems, the majority feel they need training in statistical methods or even the analytical methods provided in Excel. This is a brief summary of the findings of that survey. (more…)
