Both Sides Now — The Value of Data Exploration

Over the last several months I have authored a number of stillborn articles that just did not live up to the standards that I set for this blog site. After all, sometimes we just have nothing important to add to the conversation. In a world dominated by narcissism, it is not necessary to constantly have something to say. Some reflection and consideration are necessary, especially if one is to be as succinct as possible.

A quote ascribed to Woodrow Wilson, which may be apocryphal, though it does appear in two of his biographies, was in response to being lauded by someone for making a number of short, succinct, and informative speeches. When asked how he was able to do this, President Wilson is supposed to have replied:

“It depends. If I am to speak ten minutes, I need a week for preparation; if fifteen minutes, three days; if half an hour, two days; if an hour, I am ready now.”

An undisciplined mind has a lot to say about nothing in particular with varying degrees of fidelity to fact or truth. When in normal conversation we most often free ourselves from the discipline expected for more rigorous thinking. This is not necessarily a bad thing if we are saying nothing of consequence and there are gradations, of course. Even the most disciplined mind gets things wrong. We all need editors and fact checkers.

(more…)

Three’s a Crowd — The Nash Equilibrium, Computer Science, and Economics (and what it means for Project Management theory)

Over the last couple of weeks reading picked up on an interesting article via Brad DeLong’s blog, who picked it up from Larry Hardesty at MIT News.  First a little background devoted to defining terms.  The Nash Equilibrium is a part of Game Theory in measuring how and why people make choices in social networks.  As defined in this Columbia University paper:

A game (in strategic or normal form) consists of the following three elements: a set of players, a set of actions (or pure-strategies) available to each player, and a payoff (or utility) function for each player. The payoff functions represent each player’s preferences over action profiles, where an action profile is simply a list of actions, one for each player. A pure-strategy Nash equilibrium is an action profile with the property that no single player can obtain a higher payoff by deviating unilaterally from this profile.

(more…)

Second Foundation — More on a General Theory of Project Management

In ending my last post on developing a general theory of project management, I introduced the concept of complex adaptive systems (CAS) and posited that projects and their ecosystems fall into this specific category of systems theory.  I also posited that it is through the tools of CAS that we will gain insight into the behavior of projects.  The purpose is not only to identify commonalities in these systems across what is frequently asserted are irreconcilable across economic market verticals, but to identify regularities and the proper math in determining the behavior of these systems.

(more…)

Talking (Project Systems) Blues: A Foundation for a General Theory

As with those of you who observe the upcoming Thanksgiving holiday, I find myself suddenly in a state of stasis and, as a result, with feet firmly on the ground, able to write a post.  This is preface to pointing out that the last couple of weeks have been both busy and productive in a positive way.

Among the events of the last two weeks was the meeting of project management professionals focused on the discipline of aerospace and defense at the Integrated Program Management Workshop.  This vertical, unlike other areas of project management, is characterized by applying a highly structured approach that involves a great deal of standardization.  Most often, people involved in this area tend to engage in an area where the public sector plays a strong role in defining the environment in which the market operates.  Furthermore, the major suppliers tend to be limited, and so both oligopolistic and monopolistic market competition defines the market space.

(more…)

I Get By With A Little Help… — Avoiding NIH in Project Management

…from my colleagues, friends, family, associates, advisors, mentors, subcontractors, consultants, employees.  And not necessarily in that order.

The term NIH in this context is not referring to the federal agency.  It is shorthand, instead, for “Not Invented Here”.  I was reminded of this particular mindset when driving through an old neighborhood where I served as a community organizer.  At one of the meetings of a local board, which was particularly dysfunctional (and where I was attempting to reform their dysfunction), a member remarked:  “I am tired of hearing about how this or that particular issue was handled somewhere else.”  Yes, I thought, why would we possibly want to know how Portland, or D.C., or Boston, or Denver, or Phoenix–or any of the number of other places faced with the same issue–effectively or ineffectively dealt with it before us?  What could they possibly teach us?

(more…)