Management theory says to improve a process you have to first improve its variability. Well, we've developed a way to put a price tag on the expected costs of failing to improve variability, for failing to improve a process.

Our method can be used for any process that has variability, like a multi-stage supply chain, manufacturing process or a quality-improvement project.

Fate can be tricky and troublesome when not managed well.

The best and brightest among politicians could delegate their power and vision to others who operate in more structured environments, enabling such people to make project management work. I am not saying this out of imagination or dreamwork, but because I have seen it happen…

Maybe we should teach schoolchildren probability theory and investment risk management.

Only by using a ‘structured means of control’ can an organization convert high-cost controls into business-assuring, profit-enhancing control.