A book review – “When Genius Failed: The Rise and Fall of Long-term Capital Management”

Occasionally, I read something so compelling that I must talk about it. If I see a parable relating to the aerospace sector and my experiences in many ways, I must also write about it. (My prior book reviews are here.) I can add “When Genius Fails: The Rise and Fall of Long-Term Capital Management” to … Continue reading A book review – “When Genius Failed: The Rise and Fall of Long-term Capital Management”

Canceled

Last Friday, though without reading too much into how bad news is announced on Fridays, NASA canceled its annual cost and schedule symposium. This meeting brings together an assortment of people, mainly NASA and contractor personnel, most of whom spend their days analyzing the cost and time required of complex aerospace projects. This could be … Continue reading Canceled

Transitions (Part II), Grand Central, and the Kennedy Space Center VAB

If you have been to Grand Central Station in New York City through the mid to late 1970s and as recently as last week, discovering you are in a transport hub where a welcome wander comes easily, the sense is about contrast. The hub peaked in the late 1940s, beginning a decline soon after. The … Continue reading Transitions (Part II), Grand Central, and the Kennedy Space Center VAB

Transitions, NASA, and next steps

It’s easy to imagine a long list of reasons transitions cause distress and terminal distraction. Evolution passed along in us only so much appetite for risk, novelty, and shifts away from the familiar. Is that mysterious cave calling? Become lunch. Alternately, too much of a taste for stability could prove fatal, too. Leave those well-known … Continue reading Transitions, NASA, and next steps

Independent reviews, being helpful, and what matters – in the end

“We can be independent because we have no dog in the fight.” This time, the defense of a review team boiled down not to what it might offer but to what it lacked. There appeared to be no conflict of interest. Not that anyone could quite define what independence in a review process really meant. … Continue reading Independent reviews, being helpful, and what matters – in the end

R&D investment and “how” – the final frontier

“That’s not gonna work.” The person seated next to me mumbled this my way. It was many years ago, but not the only time, and the many versions of this story share the same look and feel. The presenter is up-front, enthusiastic. Some audience members lean forward for the Q&A. Fortunately, more often than not, … Continue reading R&D investment and “how” – the final frontier

SLS and Orion costs – the third rail of cost estimating

The usual conference room is crowded, with shiny surfaces and glass saying formal and stuffy, as I break in to ask my question about the numbers that seem way too low. What about “support”? Or re-phrasing, away from the specific and toward a broad sense, “The budgets have been much higher, so why is this … Continue reading SLS and Orion costs – the third rail of cost estimating