Showing posts with label problem solving. Show all posts
Showing posts with label problem solving. Show all posts

Project Decisions: The Art and Science Review

Project Decisions: The Art and Science
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The main problem with many decision analysis books is that they are too academic and are intended for people with some operations research and management science background. "Project Decisions" is written for much broader audience. There is very little math in this book. Instead, the book is full of real-life project examples (e.g., NASA's X-33 single stage to orbit launch system and New Horizon mission to Pluto, ITER thermonuclear reactor, Toyota Prius hybrid car, new Bay bridge design and construction in San Francisco) and stories based on popular movies (e.g., Home Alone, Ocean's 11, Armageddon). As an interesting and entertaining introduction to the whole topic, the book starts off with a simple judgment test to help you assess you decision making skills.
"Project Decisions: The Art and Science" is not an ordinary decision analysis book. It is a book for project managers who don't use decision analysis because they are unaware of decision analysis techniques and tools. Each part of the book describes a phase of the decision analysis process: decision framing, modeling, quantitative decision analysis, implementation monitoring and reviews.
The book pays significant attention to risk management and risk analysis tools and techniques. Both quantitative and qualitative risk analysis techniques are described. The book includes separate chapters on sensitivity analysis, decision tree and value of information analysis, Monte Carlo simulations, and Event chain methodology.
One of the most important and often overlooked areas of project management is related to psychology or judgment and decision-making. The authors introduce the basic principles of behavioral branch of the decision analysis theory. They dedicate separate chapters to decision-making in groups, reviews and evaluation of decisions, multi-criteria decision-making and other important aspects of decision analysis.


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Project management is the art of making the right decisions. To be effective as a project manager, you must know how to make rational choices in project management, what processes can help you to improve these choices, and what tools are available to help you through the decision-making process. Project Decisions: The Art and Science is an entertaining and easy-to-read guide to a structured project decision analysis process. This valuable text presents the basics of cognitive psychology and quantitative analysis methods to help project managers make better decisions. Examples that portray different projects, real-life stories, and popular culture will help readers acquire the essential knowledge and skills required for effective project decision-making. Readers will be able to: -Understand psychological pitfalls related to project management -Establish a creative business environment in their organization -Identify project risks and uncertainties -Develop estimates of project time and cost based on an understanding of human psychology -Perform basic quantitative and qualitative risk and decision analysis -Use event chain methodology in managing projects -Communicate the results of decision analysis to decision-makers -Review project decisions and perform adaptive project management -Establish a project decision analysis process in their organization PLUS Test your own judgment through a quiz that examines your intuition!

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Understanding A3 Thinking: A Critical Component of Toyota's PDCA Management System Review

Understanding A3 Thinking: A Critical Component of Toyota's PDCA Management System
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I finally got my copy of this book in the mail last week. I guess it is sold out and hard to obtain at any site. I'm glad to finally have mine. Given some of the comments above I'm guessing there was either a delay at the publishers or they simply did not anticipate all the demand. I did finally get mine however...
Regardless I am please to note that this book is an excellent summary of A3 Thinking. I've had some exposure to the topic in the past and always been left wanting more. This finally gets at a lot of questions I had about the concept. If you have ever wanted to learn what an A3 report is and more importantly the thought process behind one then this is the best place to start that I know of. The print is a little small and the text is 164 pages I think the 184 page figure comes from including the other pages in the foreword, acknowledgements, and introduction sections etc. However there is no shortage of good information inside. I zipped through it over the weekend and got some great insights right away.
The contents of the book include the following eight chapters. Each is roughly about 20 pages in length.
1.A Basis for Managerial Effectiveness
2.A3 Thinking - the Seven Elements
3.The Problem Solving A3 Report
4.The Proposal A3 Report
5.The Status A3 Report
6.Notes on Form and Style
7.Supporting Structures
8.Conclusion
I thought the second chapter on the seven elements A3 Thinking was particularly insightful and appreciated the advice on the different types of examples as well. The book is both a good "what is" summary of the topic and contains some very practical advice about "how to" write different types. Equally importantly for me at least it included some insight on how to critique A3's as well. I give the work five stars as it fills a void in the lean literature in a very readable manner.


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Winner of a 2009 Shingo Research and Professional Publication Prize. Notably flexible and brief, the A3 report has proven to be a key tool In Toyota's successful move toward organizational efficiency, effectiveness, and improvement, especially within its engineering and R&D organizations. The power of the A3 report, however, derives not from the report itself, but rather from the development of the culture and mindset required for the implementation of the A3 system. In other words, A3 reports are not just an end product but are evidence of a powerful set of dynamics that is referred to as A3 Thinking. In Understanding A3 Thinking, the authors first show that the A3 report is an effective tool when it is implemented in conjunction with a PDCA-based management philosophy. Toyota views A3 Reports as just one piece in their PDCA management approach. Second, the authors show that the process leading to the development and management of A3 reports is at least as important as the reports themselves, because of the deep learning and professional development that occurs in the process. And finally, the authors provide a number of examples as well as some very practical advice on how to write and review A3 reports.

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How to Do Everything Genealogy Review

How to Do Everything Genealogy
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I select and buy books for our Columbine Genealogical and Historical Society to donate to local libraries. This book got my attention when it arrived and I am utterly amazed at the quality and detail of its contents. George is legend in the genealogy community, he has done it all and his advice and examples in this updated 2nd edition are dead on. His examples are perfect and his text lean and to the point. I've done lots of genealogy research, and I was picking up new tips in each chapter, like this bit of advice to get access to today's 'semi-restricted' public records found on pgs 317-318:
(quote)"... Be prepared by carrying a copy of your pedigree chart with you, along with copies of birth certificates, marriage licenses, death certificates, obituaries, and other documentation that might prove your relationship. The fact that you 'are' prepared to prove your relationship speaks volumes to the people from whom you make these requests." (end quote)
I have recommended this book to our society instructors as well as numerous friends. Much of the material in this book comes from George's seminars which are always top notch. Considering the price of seminars these days, the book is a true bargain!

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Trace your family tree and discover your roots

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The House Advantage: Playing the Odds to Win Big In Business Review

The House Advantage: Playing the Odds to Win Big In Business
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We're not designed to think unemotionally nor about abstract statistics. But Ma's book shows us that if we do learn to do so, we can achieve something we are designed to pursue--success. This book outlines and explores just how to do that. It's a great read for various demographics: the not-so-business savvy who wants to become so; the "layperson" looking to find ways for making better life-decisions; or the expert businessperson looking to uncover an edge in bringing down their own sort of house.
Ma describes things for the reader that will get you up to speed on both your gambling--i.e. the nuances of 21--and your business-speak--i.e. I finally learned what an option is and then how it relates to volatility and the Mexican economic crisis' affect on the U.S. dollar--without turning the expert off in either arena. Not an easy task as a writer and is done exceptionally well here.
The book is of the same genre as Lewis' Moneyball (a book Ma cites as life-changing in the Acknowledgments). Ideal for the neophyte interested in economics, finance, etc., combining the highfalutin world of casino gambling with modern day finance. In a sense, Ma urges us to put our faith in something that we believe in--which is rooted in clear thinking and statistics--and forge ahead, regardless of the valleys that may occur in the arena of "ups and downs."
Ma uses well-told personal anecdotes to explain cognitive errors common in academic psychology such as the gambler's fallacy and confirmation bias. Clearly not a man of superstition, frowning up on the "same-roller" phenomenon in craps and the concept of `statistical atheist', making sure the reader knows he's not involved in magic or some form of voodoo. Instead, he employs a more stoic approach that follows the logic--follows the math--and never gives up.
This book isn't just fun, it isn't just interesting (though it is both of those) but it's also something that will help the reader make better decisions both inside the business world and out.

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Strategic Management of e-Business Review

Strategic Management of e-Business
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This book is an excellent source to understand the e-business context and how strategy is fundamental to its success. For me this book has been very useful as an e-business consultant.
Unfortunately it covers british examples only. It would be very helpful if it has an international edition.

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Partnership Marketing: How to Grow Your Business and Transform Your Brand Through Smart Collaboration Review

Partnership Marketing: How to Grow Your Business and Transform Your Brand Through Smart Collaboration
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I don't know why I'm telling you about this great book. If you're one of my competitors, you're going to read this review, probably buy the book, learn all the secrets on how to get partnerships with Fortune 500 companies, and then go after all the deals I'm about to close.
This book tells you step by step how to analyze your business product strengths, how to figure out who would be your ideal partnership targets, and then how to go out and get them. The only thing that Ron Kunitzky doesn't include is a silver platter.
Whether you are running a big, medium sized or small business, there is priceless information in every chapter of this book that will lead to more sales and profits. It took me over a week to read this thing. After every page I would have to stop and write down another idea on how I could use Kunitzky's principles to further my business plan.
One second thought, do me a favor. Forget what you just read. This book stunk. The secret to my past business successes is finding new resources like this and then not telling anyone about them. If by some chance I inadvertently succeeded in peaking your curiosity and you happen to buy this book, at least promise me you will keep it to yourself.
Lloyd Ecker
Founder of Baby To Bee
All About The Baby, LLC
Funny For Money Enterprises, LLC
The Sophie Tucker Project

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Google, Microsoft, Apple, Starbucks, and Wal-Mart are "category killers." Why? One key to their astounding success is that they have mastered the art of creating highly attractive partner and customer value propositions. They have all built their business on the principles and practices of Partnership Marketing to offer superior products, create long-term distribution opportunities, new revenue streams for their businesses, and increased brand awareness on a world-wide level.
Developing an affiliation with the right partner allows both parties to realize successes that they could not have otherwise achieved on their own by transforming their individual strengths into mutual performance. Whether you're an entrepreneur working to expand your customer base and increase value or a corporation looking for cost-effective ways to stimulate growth and brand-presence on a tight budget, Partnership Marketing is a practical in-depth guide to this core business concept.
A powerful strategy in good times, partnership marketing is an excellent way to gain competitive advantage and grow your business even in tough, recessionary economic conditions. As marketing resources are being slashed everywhere, coupled with employee lay-offs and cutbacks to existing programs, partnership marketing is a creative way to do more with less.
Partnership Marketing provides the complete how-to of collaborating successfully with other organizations, including: how to align PM objectives to your resources; how to assess what you have to offer a partner-brand and how to leverage your core strengths; how to search for the right partner-brand; how to assess the pros and cons of partnering with other brands; and much more.

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