Just completed a number of meetings and discussions among thought leaders in the area of complex project management this week, and I was struck by a number of zombie ideas in project management, especially related to information, that just won’t die. The use of the term zombie idea is usually attributed to the Nobel economist Paul Krugman from his excellent and highly engaging (as well as brutally honest) posts at the New York Times, but for those not familiar, a zombie idea is “a proposition that has been thoroughly refuted by analysis and evidence, and should be dead — but won’t stay dead because it serves a political purpose, appeals to prejudices, or both.”
(more…)project economics
Family Affair — Part I — Managerial Economics of Projects, Microeconomic Foundations, and Macro
A little more than a week ago I had an interesting conversation on a number of topics with colleagues in attending the National Defense Industrial Association Integrated Program Management Division (NDIA IPMD). A continuation of one of those discussions ended up in the comments section of my post “Mo’Better Risk–Tournaments and Games of Failure Part II” by Mark Phillips. I think it is worthwhile to read Mark’s comments because within them lie the crux of the discussion that is going on not only in our own community, but in the country as a whole, particularly in the economics profession, that will eventually influence and become public policy.*
(more…)
Life, Project Management, and Everything 