by Simplar | Jul 14, 2022 | Built Environment, Business of Construction, Partnering, Planning, PM, Procurement, Weekly Construction Message
Project Selection Realities Dr Thomas C Schleifer The gambler plays a hunch and takes a flyer. The odds maker weights past performance variables and uses probability statistics to estimate the possibility of future successful outcomes. Who do you think most often...
by Simplar | Aug 12, 2021 | Business, Strategic & Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Business, Strategic and Project Planning, Leadership, Leadership, Leadership, Weekly Construction Message
We all know that construction is a risky business. Every new project presents unique risks to our bottom line. The question, however, always remains, “How risky is this project?” In the past, we were left with our instincts to measure risk. Experienced...
by Simplar | Jan 14, 2021 | Project Selection, Project Selection
Project Selection Process The project selection tool provides an accurate measurement of project selection risk based upon what is known or not known about a potential project at a given point in time, and how well the project matches the firm’s experience. Download...
by Simplar | Jan 14, 2021 | Project Selection, Project Selection
How to Handicap Project Profitability Like a Vegas Bookmaker Imagine if bookmakers in Las Vegas accepted bets based on their loyalty to their favorite teams or just a hunch. They would be out of business after the first round of betting. They understand their chances...
by Simplar | Jul 21, 2022 | Built Environment, Business of Construction, Weekly Construction Message
Making Book Dr. Thomas C Schleifer I should have called The Project Selection Program the “Contractor’s Odds-Making Tool” because, in the end, I designed it to work just like a Vegas sports book. By isolating the most common causes of project...
