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EVM Training – Decision Making & Charlie Munger – Part 2 – Tendency Toward Misjudgment

August 1, 2018 Earned Value Management (EVM)

Tendency Toward Misjudgment – Part 2 Tendency Toward Misjudgment In part 1 of this topic we learned about Charles (Charlie) T. Munger, Vice Chairman of Berskshire Hathaway and partner of Warren Buffet and his listing of 25 innate human tendencies toward misjudgment that we harbor. I went through each of the 25 “tendencies” that are […]

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EVM Training – Decision Making & Charlie Munger – Part 1

July 2, 2018 Earned Value Management (EVM)

Tendency Toward Misjudgment – Part 1 Charlie Munger and EVM Training So, what does Charles (Charlie) T. Munger, Vice Chairman of Berskshire Hathaway and partner of Warren Buffet have to do with EVM training? Decision Making.  You can imagine the big-money decisions he has helped Buffett make during the many years of building up the […]

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Preventing a Communications Failure

June 4, 2018 Earned Value Management (EVM)

“What we’ve got here is failure to communicate.” From the movie “Cool Hand Luke”, you would probably remember the famous line, “What we’ve got here is failure to communicate. Some men you just can’t reach. So you get what we had here last week….” Ask people who work on programs and projects, “From your experience, what […]

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Summary Level Planning Packages (SLPPs) Misnomer and Alias

May 1, 2018 Accounting

Origins One of the confusing terms in the world of Earned Value terminology is “Summary Level Planning Packages” or SLPPs. The term first appeared in Section 1 of the Earned Value Management Implementation Guide (EVMIG), published in 1996 which read: Summary Level Planning Packages (SLPP) – “When it is clearly impractical to plan authorized work in […]

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