QUOTE OF THE WEEK
"Don't 'take care,' take risk!"
"Lettin' the cat outta the bag is a whole lot easier'n puttin' it back."
"I can't change the direction of the wind,
but I can adjust my sails to always reach my destination."
"Courage is being scarred to death and saddling up anyway."
FROM THE DESK OF…
FROM THE DESK OF: Dick Troell, P.E. CONTINGENCY – What is it? (Part 1) Of all the terms applicable to projects, one is maligned, cursed, misunderstood, misapplied, misused, and otherwise ill-treated far more than any other. That term is Contingency. If ten project professionals were asked to give their definition of contingency, most certainly there…Read More
From the Desk of: Dick Troell, P.E. Sophisticated owner organizations have a well-documented and comprehensive Front End Loading work process. This process includes Stage Gate Reviews, through which any capital investment opportunity must pass. The Stage Gate definition most often includes a listing of the documentation required to obtain the funding and approval to move…Read More