ExtensionEngine Blog

Accuracy & Precision

In common usage, we often use accuracy and precision interchangeably to mean "exact" but in the world of project management (and certainly math) they mean very different things. The dart board images above illustrate the difference between the two concepts. The first thing you notice is that data can be simultaneously high …

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The Perfect Gift

Last week my 6-year old son came home from school with an "essay" in response to an assignment to "describe the perfect gift." He wrote:

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Strategy Moves Toward Excess Capacity

15 years ago I took a management strategy class at Harvard Business School being taught by Professor Clayton Christensen who was mostly talking about disruptive innovation. At the time Christensen was wildly famous, at least as far as business thinkers can be. He had recently published Innovators Dilemma and was on the cover of popular business magazines. Now I had been cold-called three times in as many days so I was really paying attention. What Christensen then proffered was this gem of management advice:

 

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