What is clear thinking? It could include a wide range of issues – cognitive ability, brain fog, attention problems, etc. But this post is more about thinking logically. Thinking logically means working through a process of logical steps to reach a conclusion. (Hopefully, this post will progress its message logically!) This will focus on three…
Category: Project Work
Project Work should be self-explanatory. It includes discussion of various topics about establishing, organizing, managing, and executing projects. Some of this is generic (applies to any project) and some of this applies more to projects involving engineering and construction.
Are Reimbursable Pricing Contracts the Best?
Contract Reimbursement Types There are many types of reimbursement methods for project contracts: Unit price – the contracting party (typically “Contractor”) is reimbursed for a set price per unit of completed work. Cost reimbursable – the Contractor is reimbursed for costs plus some markup for overhead and profit. These may be know as “Time-and-Material” or…
Project Documents Managed as Data
Before Now For most of us, the word “data” is now so common that we don’t remember when it wasn’t part of everyday language. Data is a collection of digital information. Projects collect data from many sources. Much of data and data management related to project work include managing documents. Managing documents as data and…
Manipulating Numbers – Chance, Probability, and Odds
If you grasped the idea of “simple” percentages from my last post, probability, odds, and statistics will be more meaningful. As we look at these last three, we’ll see how the concept of Manipulating Numbers fits in. Manipulation can come from ignorance, but it is sometimes used to sell an idea or a product. Chance…
Manipulating Numbers – “Simple” Percentages
Many people roll their eyes or their brain freezes whenever a mathematical calculation is written about or discussed in conversation. This article uses some simple arithmetic that shouldn’t cause that reaction. This is a part of a planned series to discuss how numbers can be manipulated or misused to portray favorable or unfavorable viewpoints. Specifically,…
Off Track – Project Planning
When driving a vehicle, if you take your eyes from the road and veer from your lane, the results can be disastrous for you and other drivers. If a trainload of hazardous materials derails and spills its content, the results can be expensive in many ways. This is what can happen when a vehicle goes…