8/25/2021 The chicken or the egg causality dilemma stems from the observation that all chickens hatch from eggs and all chicken eggs are laid by chickens. "Chicken-and-egg" is a metaphoric adjective describing situations where it is not clear which of two events should be considered the cause and which should be considered the effect, to express a scenario of infinite regress, or to express the difficulty of sequencing actions where each seems to depend on others being done f

8/13/2017 By now we know that the HPAM Value Chain consists of primary and secondary functions, critical to realize value from physical assets over their entire lifecycle. Organizations need to be aware that it is not just the functions that have to be considered in the HPAM Value Chain, but also the linkages between those functions. The linkages are key elements in the chain that contribute to realize value. Each link can be broken down into processes/sub processes so as to

7/18/2017 To get a good understanding of how to realize value from physical assets organizations need to understand what the value chain is in HPAM. But first let us see what "value chain" means. A value chain is a high-level model developed by Michael Porter in his book "Competitive Advantage" to describe the activities within and around an organization and evaluates which value each particular activity adds to the products or services. Porter distinguishes between primary a

3/12/2017 Welcome back everyone after some period of hibernation. In this blog we will talk about “value”. In my last blog on paradigm shift I mentioned that one of the stumbling blocks that can be experienced in HPAM is “defining value”. In HPAM value is the main focus and it is befitting to spend some time understanding what value is and how it can be realized. Organizations design, build, own, operate and maintain physical assets to obtain value from them over their full e