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The CFO Risk Manager
The CFO Risk Manager
Dr Thomas C Schleifer
Contractors are professional gamblers who place big bets that they can profit from complex transactions that often take years to complete. If they’re operating in familiar stable markets, they believe they can win the bet otherwise they wouldn’t be able to bid … Read the rest “The CFO Risk Manager”
Making Book
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 failure, then weighting them according to their impact on … Read the rest “Making Book”
Project Selection Realities
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 prevails in this battle of wits?
The Contractor
The Gambler
The Gambler
Dr Thomas C Schleifer
Why do so many construction companies fail without anyone realizing they were about to go under? When I ran the largest surety consultancy in the country that completed projects for bonding companies after construction firms had suddenly failed, I was amazed to discover that … Read the rest “The Gambler”
“It’s Not My Job”
“It’s Not My Job”
Dr Thomas C Schleifer
The legendary comedian Freddy Prinze began every episode of Chico and the Man with his iconic – “It’s not my job.” He, of course, was making fun of the stereotypical employee whose first impulse is to pass the buck. Lately, during discussions … Read the rest ““It’s Not My Job””
Employee Engagement
Employee Engagement
Dr Thomas C Schleifer
Contractors are now recognizing the shortage of skilled labor as their biggest problem. Inflation and supply problems, most believe, are temporary and can be overcome. Not being able to put together a full crew, however, will inhibit growth and profitability for some time to … Read the rest “Employee Engagement”
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