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Jun 30
 What Did Bernard Madoff Do?

On June 29, 2009, Bernard L. Madoff was sentenced to 150 years in prison. Let’s take a moment to understand how his scheme worked. The end result, of course, is that Madoff created up to an estimated $50 billion of losses for investors — said to be the biggest fraud committed in the history of Wall Street. Too... 

Jun 30
 Even the Department of Defense Understands Evolutionary Development

The new DoD 5000.02 (2 Dec 2008) procurement guide has updated the acquisition process from Spiral to Evolutionary. The previous guidance (May 2003) stated: Incremental development: end-state is known; requirements met over time in several increments. Spiral development: end-state is not known; requirements for increments... 

Jun 30
 What Did Bernard Madoff Do?

On June 29, 2009, Bernard L. Madoff was sentenced to 150 years in prison. Let’s take a moment to understand how his scheme worked. The end result, of course, is that Madoff created up to an estimated $50 billion of losses for investors — said to be the biggest fraud committed in the history of Wall Street. Too... 

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