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Newslogs by Subject
Strategic Flexibility–Managing in Disorderly Markets
Aug 12, 2022 | Built Environment, Business of Construction, Business, Strategic & Project Planning, Weekly Construction Message
Contractors, like political leaders are making management decisions based on conditions we are not familiar with from past experience. The rub is, however, governments had no experience dealing with this post-pandemic disorderly market and, even with the best of intentions, their decisions were inappropriate and ineffective.
Disorderly Markets–A Case Study
Aug 4, 2022 | Built Environment, Business, Strategic & Project Planning, Business, Strategic and Project Planning, Financial Management and Risk, Weekly Construction Message
Contractors are used to managing in volatile markets that go up and down in predictable cycles. This post-pandemic market, however, is not simply cyclical or volatile. It is disorderly.
The CFO Risk Manager
Jul 28, 2022 | Business of Construction, Financial Management and Risk, Organization Transformation, Weekly Construction Message
It is time to bring the CFO out of the back office and join him or her in an active risk management program.
Making Book
Jul 21, 2022 | Built Environment, Business of Construction, Weekly Construction Message
By isolating the most common causes of project failure, then weighting them according to their impact on the thousands of case histories I used in the sample, I found that the causes of project failure were both identifiable and measurable, and that the Project Selection Program could predict with an excellent degree of accuracy whether a contractor could complete a project successfully/profitably.
Project Selection Realities
Jul 14, 2022 | Built Environment, Business of Construction, Partnering, Planning, PM, Procurement, Weekly Construction Message
While choosing projects is always a gamble, a skilled CEO will use his/er experts (CFos or senior accountng managers) to set the odds in their favor.
The Gambler
Jul 7, 2022 | Built Environment, Business of Construction, Partnering, Planning, PM, Procurement, Weekly Construction Message
Every bid submitted and contract signed should only be executed after data experts (your estimators and your Chief Financial Officer) have analyzed the relevant economic environmental factors (impact of inflation, labor costs, supply shortages) and have assessed the bottom-line risk of winning or losing.