The Game of Sudden Wealth

For most people, we accumulate (or not) wealth slowly, year over year. We work, save, spend, borrow and then go back to work. For the (un)lucky few, wealth comes suddenly which can give rise to Sudden Wealth Syndrome (SWS).

Nicolas Cage, perhaps the poster child for Sudden Wealth Syndrome
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Who Wants to be a Fraudster?

Central to most financial literacy programs is fraud awareness. How to keep the bad guys from getting your money, possessions or good name. Who Wants to be a Fraudster? is a variation of the classic bingo game in which participants match a term or concept to a fraud related question.

Sample bingo card for the game, Who Wants to be a Fraudster?
Fraud Bingo Card
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Don’t Confuse the Container with Its Contents

You would never confuse ketchup with the ketchup bottle.  Ketchup is that blood substitute on your new white shirt while the bottle is the thing that slipped resulting in the white-shirt-blotch. If we can keep ketchup straight, why is it so hard with information?

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Thinking Positive About a Negative Score

Organizations need to pick winners and losers.  For example, a government must decide to whether to fund project X, Y or Z; a corporation only has the capital to build asset A, B or C. 

Most organizations have developed a portfolio selection and management methodology.  There are typically 2 parts to such a process: a set of criterion and a scoring scheme to rank the criteria.  In this blog, I want to focus on the second challenge, the scoring. 

Balancing scoring Model is composed of two right-angled triangles sloping a center vanishing point which represents the value of zero.  At the left, the triangle dips below a black line 2 units into the negative.  At the right the triangle rises out of the line 3 units.  -1, 0, 1 and 2 value points are between these two extremes.
The +/- Scoring Metric
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A Valid Validation Map

How does a ‘requester’ know that a ‘submitter’ has provide a correct, complete, accurate and relevant ‘submission’? A framework to evaluate the planning, receipt, and evaluation of submissions.

A blue triangle, with its apex on
Submission Validation/Decision model of the NOW-Event.
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A SMART Thirty-Something

Most people have heard of the mnemonic SMART.  What you may not know is that this heuristic will turn 40 next year.  Written by George T. Doran, it was first published in 1981 [1].

A woman sporting a large back pack, gazes down a valley in the Albertan Eastern slopes, summer 1985.
Not everything that can be counted counts.
Not everything that counts can be counted. (Attributed to Albert Einstein but likely coined by William Bruce Cameron, American professor of Sociology, circa 1957).
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RBM – A 4-Letter Word: 1 of 4?

This is a blog continues the series, ‘The RBM Plan!‘ looking at the challenges and criticisms for RBM.  This topic allows an organization to design a RBM program tailored to their circumstances while hopefully escaping the mistakes and errors of other organizations.

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An UN-Interlude on RBM

In the ‘The RBM Plan!‘, I detailed a number of blogs in a series, this is the third.  It is a brief visit to see how the United Nations are doing with their RBM implementation after nearly 20 years of effort and what other organizations can learn from this experience.  

Benchmark created by the United Nations. Composed of four vertical groupings and five horizontal layers.
United Nations Benchmark Framework for Results Based Management. Usage per UN Copyright restrictions for personal use.
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