Human perception is logarithmic. This goes for sound, light, force, and so on. Even the stock market charts are displayed on a logarithmic scale. There is plenty of academic research in this area already, but I guess grasping change and making something meaningful of it has more sense in relative terms than absolute, and hence our logarithmic scale of perception.
Regardless of why it works this way, our perception of quality is also logarithmic. And this has a very counter-intuitive impact on the amount of work we put into projects in development. (more…)
Posted on April 20, 2010, 2:35 am, by Anatolie Gavriliuc, under
Management.
Tech risk management is an intrinsic part of the planning process of any project. It provides answers to questions like – “What if the technology we rely on fails?”. It is not unusual for many projects to have new unproven tech at their core, or even tech that has not been developed yet. How can you guarantee that it is going to work out?
Often times, the answers to questions like these are sought not only by the internal team managers, but by investors as well. If nothing else, they are putting their money on the line and it is only natural that they would want some reassurance their investment is not a gambling venture. (more…)
