Author: Nigel Shore

Digital transformation

Digital transformation is everywhere.  There are blogs dedicated to it.  Companies like Forbes, Harvard Business Review, Accenture, Forrester, Deloitte and EY have all published articles, surveys and commentaries about it.  But what actually is it? Although definitions of Digital Transformation differ between companies, executives, industries and sectors, the common thread seems to be: “Digital transformation…

The Sunk Cost Fallacy

“Individuals commit the Sunk Cost Fallacy when they continue a behaviour or endevaour as a result of previoulsy invested resources.” (Arkes & Blumer, 1985) If we’re honest, I suspect that we would all like to think that given a situation and presented with a choice, we would make a rational decision, based on the future…

The mythical Lessons Learned Log

How many times have you heard someone say “Stick it on the lessons learned log”? And how many times have you actually known someone to put something on it? What is the lessons learned log anyway? Improving the way we do things is important. Critical even. But often, particularly with a waterfall approach, learning the…

Risk = Threat x Vulnerability

I once came across an equation that described Risk in terms of Threat and Vulnerability. The equation is: Risk = Threat x Vulnerability From this equation, we can see that if there is no Threat (i.e. Threat = 0) then there can be no Risk.   It doesn’t matter how vulnerable you are, if there…

RAG is not Black and White

Most of us are familiar with the technique of describing the status of a project by using the three traffic light colours: red, amber and green. The RAG Status.   But Although the use of RAG is ubiquitous, the way it’s calculated and the meaning of the colours is not. Nor is the intended impact and…