The sufficiency and effectiveness of business systems is an essential element in the project management ecosystem. Far beyond performance measurement of the actual effort, the sufficiency of the business systems to support the effort are essential in its success. If the systems in place do not properly track and record the transactions behind the work being performed, the credibility of the data is called into question. Furthermore, support and logistical systems, such as procurement, supply, and material management, contribute in a very real way, to work accomplishment. If that spare part isn’t in-house on time, the work stops.
(more…)public contract management
Family Affair — Part II — The Micro and Managerial Economics of Projects under Public Monopsony
In my last post I summarized by the macroeconomic environment in which we operate and delved into some discussion of microeconomic foundations. The response was positive if lukewarm overall, but ego-boosting is not why I started a blog. One of my readers once asked why I don’t take on some hot button issues. Well that’s not my role or area of expertise. I’m not a politician or a social commentator. The community I inhabit has a large impact but is relatively small and mostly consists of engineers, scientists, mathematicians, some policy-makers, thought leaders, and other technically-focused professionals. I’m not trying to stir up emotions. I’m out to stimulate discussion and thought. I’m relieved that I don’t get trolls when posting factual information that goes against popular misconceptions. They are a waste of time.
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Life, Project Management, and Everything 