Executive Development
Consulting Services
Dynamic Monitoring
Future Scenarios Studies
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What manager is not anxious about the success of his or her next big project? Often, so many things can go wrong that we fear losing control. But uncertainty is not the enemy. In fact, it is in times of uncertainty when the greatest opportunities arise. To unlock these opportunities, however, requires a very different approach to project management and implementation. This workshop presents a systematic approach that combines such concepts as scenario planning, options thinking, and dynamic monitoring to create practical strategies for profiting from project-level uncertainties.

Objectives
Building on the experience gained from numerous projects in such diverse fields as health care, manufacturing, utilities, and financial services, we show how managers can prepare for and profit from an uncertain future. This new workshop will teach you (1) how to develop and analyze multiple project scenarios, (2) craft nimble strategies with just the right amount of flexibility, (3) implement them using an options approach, and (4) make real-time adjustments through dynamic monitoring. This integrated methodology draws on the frontiers of decision science, organization theory, strategy, and cognitive psychology to integrate the most practical contributions to navigate uncertainty.

Options analysis recognizes that most management decisions entail uncertainties that will be gradually resolved over the life of a project, and that these partial resolutions may offer managers opportunities to adjust their strategy. Real-life numerical examples are used to illustrate how strategic flexibility can be valued precisely. The seminar couples scenario planning and real options analysis in a practical manner, leading to clear and practical recommendations for participants.

Benefits

  • Better appreciate decision situations that could benefit from scenario planning and real options analysis.
  • Learn how to use project-level scenario planning to develop the flexibility and insight to prepare for multiple futures.
  • Develop more creative options by challenging key assumptions as well as people's deeper frames of mind.
  • Learn to evaluate strategic options in the face of uncertainty by explicitly pricing the flexibility afforded by down stream embedded options.

Main Topics

  • How to profit from uncertainty
  • Building project-level scenarios
  • Developing creative, flexible strategies
  • Real options analysis