economics-times
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time to rethink about time
Packed With Knowledge!
Helpful Ideas for Adults -- not kidsI would recommend this book to anyone who works for a business company that has even a little management trouble. This book teaches you how to manage your time, avoid time consuming problems, keep organized, and much more. It tells you the top twenty biggest time wasters like drop-in-visitors, pointless meetings, and telephone calls. It teaches you how to solve these and many other problems that may not be as common as the twenty-magor wasters. This book is the newer addition of the best seller The Time Trap that came out in 1972. This one tells you better ways to solve problems and new problems that can be solved. This is the best time management book out still from when it came out in the 90's.
I read this book in seventh grade just to read a book and so I would not recommend this book to any of the seventh graders because they would probably think it was lame and pointless.

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glitch in the system?I like my ratings organized.
:)
It's Hard to Make a Difference When You Can't Find Your KeysFive stars!
It's Hard to Make a Difference When You Can't Find Your Key
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A humorous, helpful guide
A very useful book, far superior to others on this subject
Managing Your Time is easy to read, and REALLY helpful
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Good project management book, weak on customer requirementsThe author points out that most projects fail because of poor definition. It's unfortunate his book doesn't fully describe how to prevent this, especially when it comes to really connecting to customers and understand what they need out of the project. This might be very obvious if your customers of the project work in your same firm. Of course you may also be the customer of the project. If you're not though, you're going to need more than this book to deliver the *right* product.
Where was this book when I started Consulting?
Every one in project management should read this book
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Automotive History
Highly Recommended!
An engaging look at a fascinating man
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Better for people who aren't Chronically DisorganizedFor instance, as for keeping house, who doesn't know that dishes need to be done after every meal? Or that vacuuming should be done twice a week? I needed and hoped for a book that would help me find a way out of my rut that gets me past KNOWING what I need to do into DOING it. For that, I highly recommend either *Sink Reflections* by Marla Cilley, or *Conquering Chronic Disorganization*, by Judith Kolberg.
One big problem with this book is that it only offers one way to battle disorganization. If you are Chronically Disorganized like me, you've already tried that way and it's a bad fit. That's why it doesn't work in the first place.
The Complete Idiot's Guide to Organizing Your Life is too basic and assumes that once you know what you're supposed to do, everything will magically fall into place. That may be true for some, but for chronically disorganized people, I feel this book is truly lacking.
Good but basic
An Inspiration
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Good snippets of information; not coherent enough
Buy This Book!
This book could save your life!
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Laughing Out Loud
Hilarious! Dissing corporate America has never been so funn
Finally fresh humor
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A not entirely forthright look at the subjectClearly, many of the trends described in the book are what most people, including myself, would agree to be improvements over the past 100 years. From educational and environmental improvements to declining poverty rates for the elderly, these are good things.
However, many of the improvements they list could be ascribed to the big government they loathe. The improvements in the environment which Moore and Simon laud did not come about because industry volunteered to restrict their emission of pollutants. Those improvements came about because of government legislation and adequate tax revenues to enforce it. For example, Detroit automakers refused to increase fuel efficiency until legislation required it, just as they refused seatbelts. It could also be argued that the improvements in education are the result of government intervention. Likewise, elderly poverty rates. Even the Internet we are using this very moment was ultimately derived from the Department of Defense.
Moore and Simon also never discuss the growing disparity in wealth in the United States, in which inequality has grown since the late 1960's. This inequality, as quantified by the Gini Index, shows the U.S. with greater inequality than any other industrial or "wealthy" nation. While those at the top control ever more wealth, there is less for those at the bottom of the ladder. Sure, the poor in America are mostly better off than in a third world country, but it doesn't follow that that's good enough.
In all, I'd say there are some reasonable points made here, but Moore and Simon paint a picture that is somewhat brighter than reality.
A looming identity crisis for socialist utopiansAn interesting phenomena occurs when you present this book to die-hard socialists. They continue to disclaim its validity by eg. citing the disparity between CEO compensation and the bottom 25% of the population. In fact they present you with statistics of their own which seemingly refute the data in this book. When you probe and ask them how their statistics were compiled they become evasive and fuzzy, but they continue to rely on them to underpin their position. They engage in the fallacy of inductive logic which consists of reasoning from the particular to the general i.e. if they used the Canadian health care system for a cough and they were satisfied with the results of their medical care then ipso facto such a system is good. In addition it's better than the U.S. system because it's cheaper, etc. They ignore all the other inputs and outputs that any cursory economic study would investigate. It's almost like they would suffer an emotional crisis if they had to accept relity i.e. like the conclusions in this book. Why this is so would be worthy of continued discussion, but the need to denigrate solid evidence seems neccessary in order to retain their sense of self.
Emotional trauma, provided by irrefutable evidence contrary to a belief system, seems to erode one's certainty in adhering to a false construct; but results are uneven and take long periods of time to penetrate society. Statistics, such as we have here, are younger than our century, and have only been subject to accurate number crunching coincident with the rise of the main frame computer (in the 60's). The authors should continue to educate the people. A constitutional republic such as ours works best with the input of an educated citizenry. Kudos to Moore and Simon, may he rest in peace.
Truth is Stranger than FictionBut, if things are so bad why is infant mortality going down around the world? If things are on the edge of anarchy why are proportionately fewer of us hungry, or sick today than one hundred years ago. If things are going to hell in a handbasket why is our life expectancy steadily improving?
These are inconvenient questions. The answers are tough on the prophets of doom.
Luckily, the conventional wisdom is wrong. Stephen Moore and Julian Simon prove this convincingly. Facts are often inconvenient. But, if you want to know the facts, this is the book for you.

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Insightful with practical advice....worth the readOverall, I think the book does a great job at outlining a practical framework and approach to portfolio management. What's more, the book's concepts and tools seem fairly easy to implement....which is always a good thing.
Good book on balancing the project portfolio thru processThe process provides a certain rigor, but those seeking to implement this process in their organization should consider 1) first implementing a functional basic project portfolio management process, 2) ensuring that the process proposed in this book is a good match to their organizational culture, and 3) that in implementing this process they do not over-engineer their project portfolio management process.
Those proposing this process for adoption, or who are conducting a project portfolio alignment workshop, may wish to visit the book Website (HBSP), which has Microsoft PowerPoint slide presentations and graphics available for download. This Website is a useful adjunct to the book.
This is a useful book for project portfolio managers in organizations who want more rigor in their project portfolio management process.
Utility of the Information
The value of the book, in my view, lies in the following attributes:
The authors present complex ideas in an easy-going, not scholarly style, making the book easy to read. They use graphics to communicate concepts like frameworks and tools, and they employ a case-study approach to illustrate application.
The framework consisting short- and long-term objectives along with organizational trait objectives provides for a balanced perspective.
The alignment tools provide an approach to view projects in a portfolio view. This allows the portfolio management team to align projects and the portfolio with organizational direction, improve project efficiency, manage risks, and achieve flexibility.
The framework and tools consciously align the project portfolio with organizational goals, bringing focus to the portfolio.
Workshop attendees can use the tools to gain fresh a perspective of projects instead of a traditional, organizational alignment point of view where, say, projects are always associated with the division who sponsors the projects.
Incorporates a change management perspective by asking how much change an organization can digest in a given time period.
Supports and promotes program management by forcing analysis of the interdependencies of projects and project deliverables.
Supports and promotes spiral (iterative development) through the "project chunking" perspective.
Aids the risk management process by balancing project benefits versus risks in the project proposal and review process.
Portfolio managers or teams can apply the framework and tools in a step-by-step fashion, reducing anxiety about "how to eat the elephant". This stepwise approach supports workshop breakout sessions.
Application of the Framework and Tools
Several questions arise when one considers if one can apply an authors approach to solving business problems; is the approach practicable.
Position of the Framework in the Larger Project Portfolio Management Context
If the project portfolio management process includes 1) understanding supply and demand (people, money and projects), alignment of decision boards with authority, project assessment, and continuous process improvement (IPS Associates and Stanford APM), this framework fits toward the end of that process spectrum. This book does not describe the overall project portfolio management process, or how to implement project portfolio management in an organization. This book really answers the question "Now that I have a project portfolio management process in place, how do I mature my portfolio alignment and balance process?"
Feasibility, Suitability and Acceptability
For organizations which have implemented project portfolio management and wish for more rigor in the project-business alignment sub-process, this book is a credible offering. One would expect that if a portfolio management team applied all the tools in this book to their portfolio that the result would be 1) a considerable time investment and 2) a better aligned portfolio. The portfolio management team must therefore be willing to take the time to 1) learn several tools and 2) apply the tools in a step-wise and iterative fashion over time.
The framework, tools and examples emphasize application in a business (for profit) context. Practitioners in governmental or other not for profit organizations will need to critically review, tailor and possibly adapt the framework and tools to their purposes.
Organizations with a small number of projects and who have portfolio management team members who are more inclined to make decisions quickly, who are not possessed with an engineering or analytical mindset may think that they do not need or have the patience for such a process. Team members may respond to this approach saying "I'll just use my business experience and common sense to achieve balance in my portfolio". While this statement may or may not be true, I would expect this response in some cultures. One approach to this may be for the portfolio management support office to compile the data, apply the tools, and make a staff recommendation to the portfolio management team for decision.
While the authors bring both academic (McFarlan is a professor) and business experience (Benko is a consultant) to this book, they cite no studies to support the effectiveness of their approach. Therefore, organizations which require empirical evidence of process effectiveness before accepting or implementing a new business process may be resistant to implementing this process.
References, Footnoting and Bibliography
This book is well referenced, footnoted and indexed. This increases the utility of the book for one who has first read and understood the book.
One can often tell when an academic was on the team of authors; the footnoting is excellent, and the Notes section (Benko and McFarlan 221-30) is a useful resource for exploring other sources of information for further research. Specifically, the notes section is ample at nine pages, the lexicon is helpful with three pages of content, and the index is well populated with nine pages of indexed words.
A timely and useful bookThe other new idea which I liked was how the book thought about the future. With an interesting historical context, Benko and McFarlan basically recommend that companies should focus on "adapting not predicting." They counsel companies to build "traits" into their organization. These characteristics reflect the future of the networked economy. It will require most organizations to take some time to wrap their heads around the concept and translate it into tangible goals for the company but I have already begun experimenting with the concept.
Overall, the book gets you thinking about the importance of your project portfolio and how it can help you prepare for uncertainty. It then provides interesting tools and techniques for achieving greater alignment.
The book is an easy to read and engaging. It's written almost like Warren McFarlan's speeches. Lots of historical references and analogies. Moreover, the book doesn't "preach at you", rather it understands that each business has it's own context. And they reconginze that you don't need to adopt all their recommendations and techniques.
For conceptual thinkers, I'd skim chapters 5 and 6. They are for people who like to slog through the details. I found Chapter 1 was a great overview and Chapter 4 provided concise summaries of all the tools and techniques. If you are looking for a practical but novel approach to producing results, I recommend this book.