No matter how often it is said, Business Value and Earned Value are not the same value. Earned Value's value is the Budgeted Cost for Work Performed (BCWP). The value is earned by completing the measured percentage – preferrably 100% – of the value of the work budgeted - the Budget Cost of Work Scheduled... 

The notion of a Black Swan as a low probability event with high unfavorable impact is a common example of the “long tailed” probability distribution found in many domains from finance to manned space flight. The Black Swan as a excuse of not doing your home and seeking all the possible sources of disruption... 

Least We Forget  C/159 ASHB, Phu Bai, I-Corp, Republic of Vietnam, 1970 – 1971 Original post here: Herding Cats  Read More →