Category Archives: People
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How to build your own Cost Analysis Monte Carlo Simulation in Excel or Google Spreadsheets
Posted on August 17, 2011 by hudgeon in People, TipThe Cost Reduction Tip After posting yesterday’s tip, I’ve received a few requests to explain how the Cost Analysis Monte Carlo spreadsheet works. I hope you find this post useful. Background The Cost Analysis Monte Carlo spreadsheet calculates the range of monthly resource costs for a seven-step activity – in this case the monthly cost of processing [...]
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Use Monte Carlo Simulations to quickly model costs and influence stakeholders
Posted on August 16, 2011 by hudgeon in People, TipThe Cost Reduction Tip Taking your business down to its lowest possible operating cost typically involves changing (usually simplifying) processes. When preparing a business case for changing your current processes, it is usually easy to nail down system costs but people costs are almost always problematic. Even if you believe you can calculate them accurately, [...]
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Ask basic questions, address fundamental issues
Posted on August 4, 2011 by hudgeon in People, TipThe Cost Reduction Tip On the train platform this morning, construction work channeled commuters down a small passageway. Midway down the passage, a man stood pressing his back against the wall. One of the commuters in front of me must have said something because the man responded in a broad Australian accent”I can’t suck me [...]
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