Forecasting delivery is something every organisation should be doing. Unfortunately, hardly any do. This is a shame because it’s actually quite easy, as hopefully you’ll see below. Even a very basic …
Why failing fast is valuable
A while back I posted this quote from a BBC interview with Astro Teller, “Capitain of Moonshots” at Google[x]: You must reward people for failing, he says. If not, they won’t …
Lessons on patience: the benefit of delay
In an earlier post, I discussed the importance of speed and the cost of delay for organisations that aren’t leading the market. For those who are attempting to lead the …
Risk, Uncertainty and Black Swans
Developing new and improved products and services is an interesting problem space. Part of what makes it interesting is the presence of risks, uncertainties, and the possibility of Black Swan events. …
Discovery Mindset and Black Swans
In 82 AD, the roman satirist Juvenal wrote of the existence of a “perfect wife” being like that of a non-existent bird – nigroque cycnoa – the black swan. Juvenal’s “Black …
Relativity and Rounding Errors
Putting a price tag on time can sound scary. A common fear is that the estimate of value will be misused as a tool for planning – much like other …
Real Options: Embracing Uncertainty
Delaying a decision as long as possible is often a good idea! Sounds counterintuitive doesn’t it, particularly for those of us with a well developed “sense of urgency” (like me!). …