by Simplar | Jan 14, 2021 | Project Selection, Project Selection, Project Selection
Two Steps To Project Selection Risk Contractors know that they accept a certain amount of risk every time they enter into a new contract. However, they are challenged to select projects that their organization will be able to complete profitability. How much risk...
by Simplar | Jan 14, 2021 | Business, Strategic and Project Planning, Business, Strategic and Project Planning
Expertise Project Delivery A Best Value Approach A recent article in the Engineering News Record, exposed the growing pains that have developed as prequalification procurement tools are transitioning to digital formats. “New third-party prequalification tools...
by Simplar | Aug 26, 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
The Las Vegas odds makers are not trying to pick winners. They are trying to predict outcomes. When they are confident, they know the most likely outcome of a sporting event, they set the line to give all bettors a 50/50 chance of winning. This is called balancing the...
by Simplar | Aug 19, 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
Imagine setting your own line when you bet $100 that the Packers will beat the Saints on opening day. Imagine if you were in possession of a mathematical formula that handicaps risk more accurately than the Las Vegas odds makers. Imagine a formula that takes all the...
by Simplar | Dec 14, 2023 | Financial Management and Risk, Financial Management and Risk, Risk Management, Risk Management, Weekly Construction Message
Every bet has a winner and a loser. The bookie always wins a little, but the bettor often loses a lot. What’s the difference? The Recognition and Management of Risk. Risk Recognition Both the bookie and the bettor recognize that every bet has a winner and a loser....
