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Goodhart's law is an adage often stated as, "When a measure becomes a target, it ceases to be a good measure". [1] It is named after British economist Charles Goodhart, who is credited with expressing the core idea of the adage in a 1975 article on monetary policy in the United Kingdom: [2]
Management by objectives (MBO), also known as management by planning (MBP), was first popularized by Peter Drucker in his 1954 book The Practice of Management. [1] Management by objectives is the process of defining specific objectives within an organization that management can convey to organization members, then deciding how to achieve each objective in sequence.
Peter Ferdinand Drucker (/ ˈ d r ʌ k ər /; German:; November 19, 1909 – November 11, 2005) was an Austrian American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of modern management theory.
The value of work done (VOWD) is a project management technique for measuring and estimating the project cost at a point in time. It is mainly used in project environments of the Petroleum industry and is defined as the value of goods and services progressed, regardless of whether or not they have been paid for or received.
and with what measure ye mete, it shall be measured to you again. The World English Bible translates the passage as: For with whatever judgment you judge, you will be judged; and with whatever measure you measure, it will be measured to you. The Novum Testamentum Graece text is: ἐν ᾧ γὰρ κρίματι κρίνετε κριθήσεσθε,
Here are the best quotes from the cult-classic film "Mean Girls," based on usability.
Read on for more of our favorite Mean Girls quotes that anyone would recognize, no matter what the day. Best Mean Girls Quotes. 1. “That was so fetch.” – Gretchen Wieners 2. “On Wednesdays ...
This quote by Alicia Bruxvoort sets the scene: "The good news of great joy changed the course of every silent night to come." Take a moment to read through these quotes and embrace the holiday spirit.