Management tools & Engineering Economy

A new generation of management tools.

Competitiveness can be drastically enhanced

The possibilities for increased competitiveness lie in the uncertain factors - and see them early.

The Lichtenberg Principle can be used to handle these factors in a detailed, controlled and scientifically manner.

  • Intelligence and intuition are applied in a controlled manner.
  • Expert evaluations are implemented with accuracy according to a scientific procedure.
  • Together with a consistent top-down procedure this ensures that you work with the decisive factors.

Budget overruns and delays can be eliminated

This Principle is a fundamental tool in Engineering Economy:

  • Integrates cost estimates with risk analysis and budgetary control.
  • Cost estimates are supplied with proper allowance for unpredictable situations.
  • Schedules are also supplied with proper allowance for unpredictable situations.
  • These results are thoroughly documented.

Transition from sales to production is highly improved.

Misunderstandings and insufficient information between these two parties are avoided using the Successive principle. It further qualifies the plan and related budget.

Strategic analyses with higher accuracy

The Lichtenberg Principle takes advantage of intelligence and intuition as a strategic management tool.

  • Intelligence and intuition is used in a controlled scientifically based manner. A high efficiency is ensured through a consistent focus on the key issues.


Case of the month

Oslo Spektrum project successfully used the Successive Principle

A large-scale “multi-purpose arena” was planned in Oslo for concerts, sports events etc. (it is now the Oslo Spektrum). The winner of the architectural design contest put the cost of the project at £ 28 million. Three years later the costs had risen to £ 68 according to a budget quality analysis. Using the Successive Principle the project was rationalised to an expected cost of £ 42 million. The final costs became a little less than this amount.

Read Oslo-arena on budget

Steen Lichtenberg

Dr. Steen Lichtenberg

Lichtenberg & Partners
Strandvejen 203
DK-2900 Hellerup
Denmark
  • Tlf
  • +45 3940 1171
  • Mail
  • steen (at> lichtenberg.org


Management tools & Engineering Economy: a new generation
The Lichtenberg Principle improves competitiveness with intuition. It eliminates cost overruns & delays and increases accuracy of strategic analyses.