THE WELCH COMPANY
440 Davis Court #1602
San Francisco, CA 94111-2496
415 781 5700


S U M M A R Y


DIARY: July 16, 1997 12:33 PM Wednesday; Rod Welch

Contact John Schuyler on calculating value of information.

1...Summary/Objective
2...Discussions with Max Wideman


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CONTACTS 
0201 - Wideman, R. Max                    604 736 7025
020101 - Mr. R. Max Wideman
0202 - Chips & Tech.                      408 434 0600
020201 - Mr. Morris E. Jones
020202 - Sr. Vice President =4283 Ext
0203 - Intel Corporation                  408 765 8080 fax or 800...
020301 - Mr. David S. Vannier; Director of Mobile Architecture =408 765 4608
020302 - Mobile & Handheld Products Group =408 765 5072 fax

SUBJECTS
Proposal, Contract & Support
Turner, San Francisco
Cost/Benefit of Better Communications
Market Fears Being First to Use New Methods
Communication Manager Fewer People More
Cost Benefit - Increase Usefulness, Reduce
Level of Effort, Calculate Cost Benefit
Overhead Managers are Unproductive
Risk Management, Contingency Analysis, Value at Risk

1111 -    ..
1112 - Summary/Objective
1113 -
111301 - Followed up work at ref SDS 15 line 85, ref SDS 14 line 68, 
111302 - line 67, ref SDS 12 line 66, ref SDS 11 line 65, ref SDS 10
111303 - ref SDS 7 line 57, ref SDS 6 line 54, ref SDS 4 line 52,
111304 - line 51.
111305 -
111306 -
111307 - To calculate the value added and "savings" of Communication Metrics I
111308 - did some research on the Web.  Found under Social Science, Management,
111309 - Risk Management, Contingency Analysis, a concept called:
111310 -
111311 -                      Value at Risk
111312 -
111313 - Also made some contacts with people who would think about this matter
111314 - with me.
111315 -
111316 - I sent to Morris via ref DIP 6 line 30 a copy of a letter I prepared
111317 - on the Web to explain ideas for calculating the value of a
111318 - Communication Manager, ref DIP 6 line 62.  The letter to Morris
111319 - follows up our discussion where he indicated having hired a Project
111320 - Manager and making a calculation to justify it, ref SDS 6 line 77.
111321 -
111322 - Sent material, via internet, ref DIP 11 line 30, to Dave Vannier at
111323 - Intel to help him grasp added value of Communication Manager,
111324 - following up my letter, ref DIP 2 line 24, to Dave at ref SDS 8 line
111325 - 87.
111326 -
111327 - This letter applies at ref DIP 6 line 65, the method discussed with
111328 - Morris of calculating the value of a Project Manager, accountant, or a
111329 - VP of a company, ref SDS 6 line 173.
111330 -
111331 - The letter on the Web was initially prepared for an exchange with
111332 - Chuck Horton, ref DIP 7 line 34.  He sent the reply at, ref DRP 1 line
111333 - 35.  Chuck seems to be a financial analyst which uses contingency
111334 - analysis to support investment management in securities.
111335 -
111336 - Contacted on the Web a business consultant, John R. Schuyler, who has
111337 - a company, Schuyler & Associates, which seems to be part of a Web site
111338 - called MaxValue, ref DIP 8 line 18. He teaches decision analysis. John
111339 - said he has a problem class called "value of information," which he
111340 - feels may support making the calculation I want to prepare, ref DRP 2
111341 - line 21. I wrote back and asked John how we can get started to see if
111342 - his method will work form my application.  Asked if he would like to
111343 - see the Communication Metrics report.  John wrote back and said he is
111344 - very busy and so can only handle "light reading." ref DRP 4 line 17, I
111345 - extracted some of the Corps' report explaining the ideas on measuring
111346 - cognition and sent it via Internet, ref DIP 9 line 32.
111347 -
111348 - Should hear from John on his ideas to measure the value added or
111349 - savings for Communication Metrics.
111350 -
111351 -
111352 -
111353 -
1114 -

SUBJECTS
Overhead Managers are Unproductive
Risk Management, Contingency Analysis, Value at Risk
Innovation Slow Because Market Forces

1706 -
170601 - Discussions with Max Wideman
170602 -
170603 - Followed up work at ref SDS 15 line 154.
170604 -
170605 - Received reply from Max, ref DRP 3 line 22, to my email, ref DIP 5
170606 - line 30, sent on Tuesday, ref SDS 14 line 137.
170607 -
170608 - I submitted a response, ref DIP 10 line 30, explaining the need for
170609 - connections to improve "understanding" rather than more information,
170610 - ref DIP 10 line 36.
170611 -
170612 -      [See response at ref SDS 16 line 85.]
170613 -
170614 - Also cite Tom Landauer's point about slowness of innovation due to
170615 - market competition for what sells, ref SDS 1 line 1154, rather than
170616 - educating about what is useful, ref DIP 10 line 52.  This point is made
170617 - to compliment Max on the Risk Management material he prepared for the
170618 - prior PMBOK, ref DIP 10 line 47, per analysis on 970701, ref SDS 14
170619 - line 116. The point on innovation relates to Morris' recent visit to
170620 - Cal Tech seminar, ref SDS 3 line 374.
170621 -
170622 -     [See follow up where Max appreciates this point, ref SDS 16 line
170623 -     117.]
170624 -
170625 -
170626 -
Distribution. . . . See "CONTACTS"