ActiveInnovations in use or being actively developed
Be A Better Expert – Mobile Training Application
B.A.B.E. is a training app to help you Be A Better Expert when estimating and predicting - for instance project costs or the likelihood of a future outcome.
We humans are overconfident in our abilities to predict the future calibration is the process where experts get better at forecasting when they receive feedback on how accurate their predictions have been. Behavioural science research has found that we can all become better forecasters in our professional fields by receiving feedback on general knowledge predictions. The mobile calibration training app makes use of time that would otherwise be lost such as travelling to hone prediction and judgement skills. The app is an evolution of the calibration training undertaken in workshops and on our worksheet Currently in development find out more Into-Risk-Calibration-Training-App-Briefing-v8.pdf (11 downloads)
Contact us if you would like to be involved in the trial.
CASM – Better Project Cost Forecasting
Project Cost forecasts do not, in general, fully take account to the interdependencies between the cost uncertainties, risk and opportunities. This is one of the reasons that projects and progrrammes, especially large and complex ones, can massively exceed forecasts. CASM Framework and supporting calculaion tool is a fast and simple way to account for complexity of this type. It has been used on a number of large programmes including the Hendy Review of Network Rail's Investment Programme. More about CASM Framework here or download the paper.
Simple and Fast Risk Register
Not so much an innovation as our take on how risks and opportunity should be prioritised for management attention as an alternative to Qualitative / Matrix based Risk Management (see white paper 'Qualitative Risk Management - Time for a Rethink?'). Items are prioritised on a direct subjective 'Highest/High/Medium/Low' basis with a capture on the reasons for the prioritisation. Our experience is that this saves significant time especially in workshops, as there is no need to agree evaluation criteria in advance and a sense of what matters builds through group discussion. The register is made available for others to use from downloads.