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Problem Solving

94 STASHED IDEAS

You may feel that everything will be fine if stocks fell 30%. You may even see it as an opportunity.

But stocks fall 30% because there's a collapse, a terrorist attack, or a pandemic. In that context, you may instead switch to a survival mindset and not have the endurance you imagined.

Paul  (@paupau) - Profile Photo

@paupau

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Problem Solving

Corporations managing risk themselves face a fundamental question: why do they need to do it? Individuals and investment groups can manage the risk on their own. Making good investments seems like a better option.

Hedging bets are mostly fictional transactions that don’t affect the value of any operating asset of the company, making it a loss-making proposition if the transaction costs and other overheads are added up.

A Framework for Risk Management

hbr.org

The importance of focusing on the similarities

When we look at situations, we prefer to look for what is distinct. Instead, we should pay attention to the similarities.

The four words "this time is different" makes us incorrectly think that differences are more valuable than similarities. When your reasoning and plans are based on the differences, you are probably speculating.

This Time is Different: The Four Most Costly Words Ever Spoken

fs.blog

The budget processes related to the project include estimating the cost of all the little parts.

Methods to estimate the cost of the project.

  • Use historical data. Track and analyze a project similar to yours, which have been developed in the market over the past years.
  • Determine the resource costs. Track the costs of the goods and labor that are going to be used on a per-unit basis.
  • Use different parameters. Measure different stats from the old and new data found in previous and on-going projects.
  • Use bottom-up approach. Track the lowest to highest budgets spent on previous projects.

Other methods for budget estimation are vendor bid, reserve, and quality analysis.

A Brief Explanation of the Triple Constraint in Project Management - nTask

ntaskmanager.com

Once an author has stated the idea and offered evidence and anecdotes to support it, the concluding part has to answer the ‘so what?’ question that can crop in the reader’s mind, usually when the end of the article/paper is near.

The reader is satisfied once the main take away is clear, and the questions “Why is this important?” Or “Why should anyone care?” are adequately answered.

How to Write Conclusions That Don’t Suck - Help Scout

helpscout.com

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