Have you ever worked with a software vendor who said their solution would save you as much as $1 million annually? When you accept projects with these types of claims, have you gone back one year later to determine the actual cash savings you realized? Our topic on this show is the book, Project Profitability by our guest, Reginald Lee. We explore project salience, mental models for project prioritization, and informational and instructional-centric projects.
- How a mechanical engineer who is a professor at Xavier University became interested in solving business problems as a consultant.
- Examples of bad math accounting.
- Oracle’s cost-saving boast.
- Are the consulting zealots making big cash-savings claims out to deceive their potential clients?
- Process salience and project prioritization explained.
- Informational- and instructional-centric projects.
- A new mental model for categorizing projects.
- What is the difference between variance and variation?
- For readers who like Project Profitability, which Reginald Lee books should be read next?
Further Reading and Listening
- What is a Customer-Focused Process and Peter Keen’s, The Process Edge
- Ellison: Oracle Will Save Additional Billion
- Financial Modeling Insights with FMI’s Ian Schnoor and From Cop to Calculator to Expert Financial Modeler
- Jean Cunningham, a Former CFO’s Perspective on Lean
- Reversing the Slide in Corporate Turnarounds
- The Best Accounting Books Ever Written