How and when to think about the future
Playful addendum:
Is CP =, <, or > CE*PE ?
CP is Cost of planning
CE is Cost of event
PE is Probability of event
Perhaps the cost of the time and resources devoted to contingency planning should be, at least in part, related to (1) the probability of the event and (2) the cost or consequence of the event should it occur.
Playful addendum:
Is CP =, <, or > CE*PE ?
CP is Cost of planning
CE is Cost of event
PE is Probability of event
Perhaps the cost of the time and resources devoted to contingency planning should be, at least in part, related to (1) the probability of the event and (2) the cost or consequence of the event should it occur.