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Method and apparatus for predicting project outcomes

a project outcome and project technology, applied in the field of project outcome prediction methods and apparatuses, can solve the problems of no method in the prior art for easily and reliably predicting, and achieve the effect of increasing the probability of successful implementation and easy and reliably predicting the likelihood of success of a proj

Inactive Publication Date: 2015-03-12
BOSTON CONSULTING GRP INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

[0008]One advantage of this method is that it allows project planners and others to easily and reliably predict the likelihood of success of a project. The method assists those involved in the project in identifying and understanding what factors significantly affect the outcome of the project, and in making adjustments to increase the probability of successful implementation.

Problems solved by technology

No method exists in the prior art for easily and reliably predicting, and, readily enabling the manipulation of, project outcomes.

Method used

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  • Method and apparatus for predicting project outcomes
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  • Method and apparatus for predicting project outcomes

Examples

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example

[0030]The following is an example of an outcome prediction analysis in accordance with the invention for a given project. The project in this example related to the restructuring of back offices of a large retail bank, which involved major changes to processes, behavior and organizational structures. The factor values were selected as follows:

[0031]The project was scheduled to last more than eight months, leading to a selection of D=4. The project team was deemed to have solid, but not spectacular performance integrity, leading to a selection of 1=2. The project was thought to be in a general culture strongly reluctant to change with likely only moderate communication of senior management support, resulting in selections of C1=2.5 and C2=4. The project was estimated to require approximately 10-20% additional effort on the part of the organization during implementation, resulting in a selection of E=2.

[0032]Based on these values, the project score was calculated as follows:

Score=D+2I...

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Abstract

A method and system for analyzing a project. Values may be assigned to each factor of a predetermined set of factors relating to a project. A score representing a likely outcome of the project may be determined using the values.

Description

Cross Reference to Related Applications[0001]This application is a continuation of U.S. patent application Ser. No. 11 / 098,249, filed Apr. 4, 2005, which is a continuation of U.S. patent application Ser. No. 09 / 845,868, filed Apr. 30, 2001 (now Abandoned), which are incorporated herein by reference in their entireties.[0002]The present invention relates generally to project management and, more particularly, to predicting the outcome of a project and taking corrective measures to increase the likelihood of success.BACKGROUND OF THE INVENTIONDescription of Related Art[0003]As used herein, a ‘project’ is a task, typically an extensive task, undertaken by one or more people, typically a group of people. A project often represents an important commercial endeavour and may exist either standalone, or as part of a broader program of change comprised of multiple projects. A project typically seeks to secure a significant change to the status quo. This change frequently, though not always, ...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q10/06
CPCG06Q10/06312G06Q10/06
Inventor KEENAN, PERRYCONLON, KATHLEENJACKSON, ALAN
Owner BOSTON CONSULTING GRP INC