Other Resources and Links

This page provides further information on Performance Based Contracting (PBC) through links to articles, papers, books and websites that I have found useful in my PBC Journal.

Please feel free to add your own favourites or let me know what you thoughts of these.

Why Use a PBC?

PBC / PBL Materials including manuals, handbooks, etc.

Behavioural Economics

Nudge: Improving Decisions About Health, Wealth, and Happiness” by Thaler and Sunstein is a fabulous book which coined the phrase “choice architecture” and describes how we can “nudge” individuals and groups; a must read if you are serious about using behavioural economics in Performance Based Contracting (PBC)

Carrots and Sticks: Unlock the Power of Incentives to Get Things Done” by Ayres which is the book that describes the concept of disabling and guiding choice which is central to the Performance Based Contracting concept of escalation (see my post on Designing Successful PBCs)

Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions” by Ariely

Sway: The Irresistible Pull of Irrational Behavior” by Ori Brafman and Rom Brafman (Author)

Misbehaving – The making of Behavioural Economics”, by Richard Thaler is a fantastic new book (2015) which describes a variety of the important facts in behavioural economics and the history of how they evolved from traditional economics.  Similar to Nudge, a must read if you are serious about using behavioural economics in Performance Based Contracting (PBC)

Reliability, Availability and Maintainability (RAM)

Practical Reliability Engineering”, 5th Ed., by O’Connor and Kleyner provides a great summary of both the theory and practice of RAM engineering while also providing guidance on organisational processes; my go to RAM book for RAM practicses

An Introduction of Reliability and Maintainability Engineering”, 2nd Ed., by Ebeling provides a great summary of RAM mathematics including many worked examples; my go to book for RAM maths

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