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...energy cost or fuel cost due to greater efficiency cash flow from the disposal of old equipment working capital released at the end of a project (note this may be lower than the working capital required at the beginning of the project). Box 3 The fallacy of sunk costs The logic of ignoring sunk costs is clear; and taking them into account is called a fallacy – a faulty...

...energy of what we’re trying to do. Craig Pemblington I would hazard a guess that we have a diversity and inclusion conversation in maybe half, if not more than half, of every conversation I have about any work involving any kind of recruitment and selection at the moment. So I feel like I’m constantly being kept on my toes and learning new things from other people....

...energy and commodity trading work. And the common theme through each of those things was that where good risk management was done, the outcomes were better. The businesses performed better, the projects performed better. The chemical plants I designed were safer, were better places to work. The projects I delivered came in on time and delivered the promised benefits. The...

...energy by associating a particular brand with quality and choose that by default. Many of these rules of thumb are entirely unconscious and while often useful, may also lead to some significant biases in our decision making. There are six commonly held sources of bias which can hamper our decision making: Confirmation bias – the tendency to search for and interpret...