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 – to identify and rang order them according to their importance, then exploit the possibilities and safeguard the risks early and proactively.

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

Swedish nuclear power plants use the Successive Principle

More than a decade ago Sweden set up a fund into which, by law, the Swedish nuclear power plants have to pay a “per kWh” fee. The plan is for the fund to pay for the forthcoming decommissioning of the existing plants and for the safe, permanent management of the waste produced. Several years ago Sweden decided to use the Successive Principle on an on going basis for tackling and updating this complex estimate in the best possible way.

Read Nuclear power plants

Steen Lichtenberg

Dr. Steen Lichtenberg

Lichtenberg & Partners
Baneskellet 16
DK-2950 Vedbæk
Denmark
  • Tlf
  • +45 4586 1048
  • 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.