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Business Decision Making, Second Edition, 2nd Edition
book

Business Decision Making, Second Edition, 2nd Edition

by Dr. Milan Frankl
January 2019
Beginner content levelBeginner
158 pages
3h 7m
English
Business Expert Press
Content preview from Business Decision Making, Second Edition, 2nd Edition

CHAPTER 6

Learn from Your Failures

(Do Not Reinvent the Wheel)

Vignette: The Wrong Estimate, Again

He made an estimate mistake. Again.

Francis was the best estimator we had. Whenever a new Request for Proposal (RFP) came to us from the federal government, Francis was the first person to have a look at it and advise management whether the company should participate in the bidding process. This was an important decision because the time and effort invested in preparing a proposal often required a few weeks of professional and management time. We needed to send line managers to inspect the equipment in need of repair or maintenance, estimate the effort that was necessary to make those repairs, evaluate the required material that we needed to purchase, ...

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Publisher Resources

ISBN: 9781948976381